GSA Capital Partners LLP Acquires 4,084 Shares of Bunge Global SA (NYSE:BG)

GSA Capital Partners LLP boosted its stake in shares of Bunge Global SA (NYSE:BG) by 38.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,769 shares of the basic materials company’s stock after buying an additional 4,084 shares during the period. GSA Capital Partners LLP’s holdings in Bunge Global were worth $1,427,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Versor Investments LP increased its position in shares of Bunge Global by 100.6% during the third quarter. Versor Investments LP now owns 8,016 shares of the basic materials company’s stock worth $775,000 after acquiring an additional 4,020 shares in the last quarter. Meixler Investment Management Ltd. acquired a new position in Bunge Global in the 3rd quarter worth $463,000. Crossmark Global Holdings Inc. increased its holdings in Bunge Global by 14.2% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 19,180 shares of the basic materials company’s stock worth $1,853,000 after purchasing an additional 2,382 shares in the last quarter. Baker Avenue Asset Management LP raised its stake in shares of Bunge Global by 2.7% in the 3rd quarter. Baker Avenue Asset Management LP now owns 277,228 shares of the basic materials company’s stock valued at $26,791,000 after purchasing an additional 7,296 shares during the period. Finally, Atria Investments Inc lifted its holdings in shares of Bunge Global by 3.2% in the third quarter. Atria Investments Inc now owns 12,476 shares of the basic materials company’s stock valued at $1,206,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded Bunge Global from a “buy” rating to a “neutral” rating and decreased their price objective 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 assigned a buy rating to the company. According to data from MarketBeat, Bunge Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Stock Performance

BG opened at $86.61 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The business’s 50-day simple moving average is $93.37 and its 200 day simple moving average is $100.52. The firm has a market capitalization of $12.09 billion, a PE ratio of 10.96 and a beta of 0.67. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92.

Bunge Global Company 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.