Metis Global Partners LLC Purchases 2,954 Shares of Bunge Global SA (NYSE:BG)

Metis Global Partners LLC grew its position in Bunge Global SA (NYSE:BG) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,604 shares of the basic materials company’s stock after purchasing an additional 2,954 shares during the quarter. Metis Global Partners LLC’s holdings in Bunge Global were worth $2,088,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in Bunge Global by 26.5% during the second quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after acquiring an additional 883,127 shares during the period. Dimensional Fund Advisors LP increased its position in Bunge Global by 5.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after acquiring an additional 121,080 shares during the period. LSV Asset Management increased its position in Bunge Global by 10.7% during the second quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after acquiring an additional 203,910 shares during the period. AQR Capital Management LLC increased its holdings in Bunge Global by 23.4% in the 2nd quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock valued at $103,576,000 after buying an additional 184,245 shares during the period. Finally, Millennium Management LLC increased its holdings in Bunge Global by 12,617.1% in the 2nd quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock valued at $94,557,000 after buying an additional 878,653 shares during the period. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Up 2.9 %

Shares of NYSE:BG opened at $90.60 on Friday. Bunge Global SA has a 52 week low of $82.18 and a 52 week high of $114.92. 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 company’s fifty day moving average is $93.00 and its 200-day moving average is $100.34. The company has a market capitalization of $12.65 billion, a PE ratio of 11.47 and a beta of 0.67.

Analyst Upgrades and Downgrades

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