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

Versor Investments LP grew its stake in Bunge Global SA (NYSE:BG) by 100.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,016 shares of the basic materials company’s stock after acquiring an additional 4,020 shares during the quarter. Versor Investments LP’s holdings in Bunge Global were worth $775,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new position in Bunge Global in the 2nd quarter valued at $28,000. Blue Trust Inc. lifted its position in Bunge Global by 52.3% during the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after buying an additional 102 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Bunge Global during the 2nd quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup downgraded shares of 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

Shares of NYSE:BG opened at $87.46 on Wednesday. The company has a market cap of $12.21 billion, a P/E ratio of 11.07 and a beta of 0.67. Bunge Global SA has a one year low of $82.18 and a one year high of $114.92. 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 quick ratio of 1.10 and a current ratio of 2.07.

About Bunge Global

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.