KBC Group NV Has $17.28 Million Stock Holdings in Bunge Global SA (NYSE:BG)

KBC Group NV reduced its position in Bunge Global SA (NYSE:BG) by 71.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 178,755 shares of the basic materials company’s stock after selling 453,111 shares during the period. KBC Group NV owned 0.13% of Bunge Global worth $17,275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Avantax Advisory Services Inc. acquired a new stake in Bunge Global during the 1st quarter worth $899,000. Sei Investments Co. increased its holdings in Bunge Global by 10.6% in the first 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 last quarter. SG Americas Securities LLC lifted its stake in Bunge Global by 156.4% in the second quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock valued at $20,656,000 after buying an additional 117,998 shares during the period. Janus Henderson Group PLC boosted its holdings in Bunge Global by 13.3% during the first quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock worth $8,408,000 after buying an additional 9,648 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of Bunge Global by 39.0% during the 2nd quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock worth $4,606,000 after buying an additional 12,104 shares during the period. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered 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 assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Price Performance

Bunge Global stock opened at $90.60 on Friday. 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 company has a market capitalization of $12.65 billion, a PE ratio of 11.47 and a beta of 0.67. The stock has a 50-day moving average price of $93.00 and a two-hundred day moving average price of $100.34.

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.