Robeco Institutional Asset Management B.V. Sells 12,211 Shares of Bunge Global SA (NYSE:BG)

Robeco Institutional Asset Management B.V. decreased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,576 shares of the basic materials company's stock after selling 12,211 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Bunge Global were worth $3,341,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Pacer Advisors Inc. raised its holdings in shares of Bunge Global by 26.5% in the 2nd 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $243,664,000 after buying an additional 121,080 shares during the period. LSV Asset Management raised its stake in Bunge Global by 10.7% in the second quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company's stock worth $225,629,000 after buying an additional 203,910 shares in the last quarter. AQR Capital Management LLC increased its position in 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 valued at $103,576,000 after buying an additional 184,245 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Bunge Global by 12,617.1% during the 2nd quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company's stock valued at $94,557,000 after purchasing an additional 878,653 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Bunge Global from a "buy" rating to a "neutral" rating and cut their price objective 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $118.00.

Bunge Global Price Performance

Bunge Global stock traded up $0.31 during trading hours on Friday, hitting $87.12. 2,296,766 shares of the company traded hands, compared to its average volume of 2,129,537. Bunge Global SA has a 1-year low of $82.18 and a 1-year high of $114.92. The firm's 50-day simple moving average is $94.15 and its two-hundred day simple moving average is $100.93. The firm has a market cap of $12.16 billion, a P/E ratio of 11.03 and a beta of 0.67. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

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.