Aigen Investment Management LP Acquires New Position in Bunge Global SA (NYSE:BG)

Aigen Investment Management LP bought a new position in shares of Bunge Global SA (NYSE:BG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,847 shares of the basic materials company’s stock, valued at approximately $468,000.

Other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. purchased a new position in Bunge Global in the first quarter valued at $899,000. Sei Investments Co. boosted its stake in shares of 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 buying an additional 5,504 shares during the period. SG Americas Securities LLC grew its position in shares of Bunge Global by 156.4% during the second quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock worth $20,656,000 after buying an additional 117,998 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Bunge Global by 13.3% in the first quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock valued at $8,408,000 after acquiring an additional 9,648 shares in the last quarter. Finally, Xponance Inc. raised its holdings in Bunge Global by 39.0% in the second quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after acquiring an additional 12,104 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Trading Up 1.7 %

Shares of Bunge Global stock opened at $88.06 on Friday. The company has a fifty day simple moving average of $93.15 and a 200-day simple moving average of $100.43. Bunge Global SA has a 12-month low of $82.18 and a 12-month high of $114.92. 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 cap of $12.30 billion, a price-to-earnings ratio of 11.15 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded shares of Bunge Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $125.00 to $114.00 in a research 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.