Bunge Global SA (NYSE:BG) Shares Bought by Old West Investment Management LLC

Old West Investment Management LLC grew its holdings in shares of Bunge Global SA (NYSE:BG) by 6.7% during the third quarter, Holdings Channel.com reports. The firm owned 120,043 shares of the basic materials company’s stock after buying an additional 7,489 shares during the quarter. Bunge Global accounts for approximately 4.2% of Old West Investment Management LLC’s portfolio, making the stock its 8th biggest position. Old West Investment Management LLC’s holdings in Bunge Global were worth $11,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in Bunge Global by 26.5% in the second 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. Dimensional Fund Advisors LP raised its position in Bunge Global by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after acquiring an additional 121,080 shares in the last quarter. LSV Asset Management lifted its holdings in Bunge Global by 10.7% in 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 grew its stake in shares of Bunge Global by 23.4% in the 2nd quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock worth $103,576,000 after purchasing an additional 184,245 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Bunge Global by 12,617.1% during the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock valued at $94,557,000 after purchasing an additional 878,653 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Bunge Global Trading Down 0.1 %

Shares of NYSE:BG opened at $84.73 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $11.83 billion, a PE ratio of 10.73 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 firm has a fifty day moving average price of $95.02 and a 200 day moving average price of $101.30.

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.