ING Groep NV Sells 15,809 Shares of Bunge Global SA (NYSE:BG)

ING Groep NV cut its position in shares of Bunge Global SA (NYSE:BG) by 45.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,944 shares of the basic materials company’s stock after selling 15,809 shares during the quarter. ING Groep NV’s holdings in Bunge Global were worth $1,831,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BG. Metis Global Partners LLC raised its position in shares of Bunge Global by 15.8% in the 3rd quarter. Metis Global Partners LLC now owns 21,604 shares of the basic materials company’s stock worth $2,088,000 after acquiring an additional 2,954 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Bunge Global by 1.2% during the third quarter. Oppenheimer & Co. Inc. now owns 61,826 shares of the basic materials company’s stock worth $5,975,000 after purchasing an additional 716 shares during the period. Victory Capital Management Inc. lifted its stake in Bunge Global by 2,840.3% in the third quarter. Victory Capital Management Inc. now owns 129,698 shares of the basic materials company’s stock valued at $12,534,000 after buying an additional 125,287 shares during the period. Aigen Investment Management LP bought a new position in shares of Bunge Global during the 3rd quarter worth approximately $468,000. Finally, GSA Capital Partners LLP grew its position in shares of Bunge Global by 38.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,769 shares of the basic materials company’s stock worth $1,427,000 after buying an additional 4,084 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

BG opened at $90.60 on Friday. Bunge Global SA has a 1-year low of $82.18 and a 1-year high of $114.92. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 11.47 and a beta of 0.67. The company’s fifty day moving average price is $93.00 and its two-hundred day moving average price is $100.33. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and cut their target price for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.