Versor Investments LP Increases Stock Position in Bunge Global SA (NYSE:BG)

Versor Investments LP grew its position in shares of Bunge Global SA (NYSE:BG) by 100.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,016 shares of the basic materials company’s stock after purchasing an additional 4,020 shares during the quarter. Versor Investments LP’s holdings in Bunge Global were worth $775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after purchasing an additional 883,127 shares during the period. Millennium Management LLC increased its position in Bunge Global by 12,617.1% in the 2nd quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock valued at $94,557,000 after acquiring an additional 878,653 shares during the period. LSV Asset Management raised its stake in Bunge Global by 10.7% during the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock valued at $225,629,000 after acquiring an additional 203,910 shares during the last quarter. AQR Capital Management LLC lifted its position in Bunge Global by 23.4% during the 2nd quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock worth $103,576,000 after acquiring an additional 184,245 shares during the period. Finally, Swedbank AB purchased a new position in shares of Bunge Global in the 1st quarter valued at approximately $17,027,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Price Performance

Shares of NYSE:BG opened at $87.46 on Wednesday. Bunge Global SA has a 12 month low of $82.18 and a 12 month high of $114.92. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 11.07 and a beta of 0.67. The business’s 50 day simple moving average is $93.64 and its 200-day simple moving average is $100.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.