Meeder Asset Management Inc. Sells 15,513 Shares of Bunge Global SA (NYSE:BG)

Meeder Asset Management Inc. lowered its holdings in Bunge Global SA (NYSE:BG) by 18.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,006 shares of the basic materials company’s stock after selling 15,513 shares during the period. Meeder Asset Management Inc.’s holdings in Bunge Global were worth $6,572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BG. Sei Investments Co. boosted its holdings in Bunge Global by 10.6% in the 1st quarter. Sei Investments Co. now owns 57,269 shares of the basic materials company’s stock valued at $5,873,000 after purchasing an additional 5,504 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Bunge Global by 14.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 45,850 shares of the basic materials company’s stock valued at $4,701,000 after purchasing an additional 5,850 shares during the period. Freestone Capital Holdings LLC bought a new stake in Bunge Global in the 1st quarter valued at about $915,000. 1832 Asset Management L.P. bought a new stake in Bunge Global in the 1st quarter valued at about $1,865,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Bunge Global by 2.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,821 shares of the basic materials company’s stock worth $20,281,000 after acquiring an additional 5,635 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

BG stock opened at $91.34 on Tuesday. The company has a 50 day simple moving average of $92.84 and a 200 day simple moving average of $100.26. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 11.56 and a beta of 0.67. Bunge Global SA has a 1 year low of $82.18 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

Analysts Set New Price Targets

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 report on Thursday, August 1st. Four investment 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 target price of $118.00.

Bunge Global 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.