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Managed Asset Portfolios LLC Reduces Stock Position in Bunge Global SA $BG
Managed Asset Portfolios LLC decreased its stake in Bunge Global SA by 12.2% in the third quarter, selling 36,106 shares but still holding 259,712 shares valued at $21.1 million. Despite this reduction, other major institutions like Glencore and Norges Bank significantly increased their positions, raising institutional ownership to about 86.23%. Bunge Global reported a Q3 earnings beat with $1.99 EPS, exceeding expectations, and strong revenue growth, leading analysts to maintain a “Moderate Buy” rating with an average target price of $121.44.