Bunge Global SA (NYSE:BG) Shares Bought by Swedbank AB

Swedbank AB grew its position in Bunge Global SA (NYSE:BG) by 11.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 143,534 shares of the basic materials company’s stock after acquiring an additional 15,241 shares during the period. Swedbank AB owned about 0.10% of Bunge Global worth $13,871,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of Bunge Global by 26.5% during the 2nd 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 last quarter. 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 valued at $243,664,000 after purchasing an additional 121,080 shares during the period. LSV Asset Management lifted its stake in shares of 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 purchasing an additional 203,910 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Bunge Global by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock worth $139,608,000 after purchasing an additional 50,615 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Bunge Global by 23.4% during 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. Institutional investors and hedge funds own 86.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their target price 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Stock Performance

NYSE BG opened at $89.66 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The company has a market cap of $12.52 billion, a P/E ratio of 11.35 and a beta of 0.67. The stock has a 50-day moving average of $92.02 and a two-hundred day moving average of $99.72. Bunge Global SA has a 1-year low of $82.18 and a 1-year high of $114.92.

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.