Bunge Global SA (NYSE:BG) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 2,840.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,698 shares of the basic materials company's stock after acquiring an additional 125,287 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Bunge Global worth $12,534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mather Group LLC. lifted its stake in shares of Bunge Global by 12.4% during the 2nd quarter. Mather Group LLC. now owns 843 shares of the basic materials company's stock worth $86,000 after acquiring an additional 93 shares during the last quarter. Blue Trust Inc. boosted its position in Bunge Global by 52.3% in the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company's stock valued at $30,000 after buying an additional 102 shares during the period. Ballentine Partners LLC grew its stake in Bunge Global by 2.0% in the 2nd quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company's stock worth $615,000 after acquiring an additional 111 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock worth $42,000 after acquiring an additional 124 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Bunge Global by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,959 shares of the basic materials company's stock worth $4,800,000 after acquiring an additional 130 shares during the period. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut Bunge Global from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four investment 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

Bunge Global Trading Down 1.6 %

NYSE BG opened at $88.08 on Thursday. The firm has a market cap of $12.30 billion, a PE ratio of 11.15 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. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average price of $92.55 and a 200 day moving average price of $100.09.

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.