Sei Investments Co. Acquires 8,777 Shares of Bunge Global SA (NYSE:BG)

Sei Investments Co. grew its holdings in Bunge Global SA (NYSE:BG) by 15.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,046 shares of the basic materials company’s stock after buying an additional 8,777 shares during the quarter. Sei Investments Co.’s holdings in Bunge Global were worth $7,051,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Bunge Global by 26.5% during the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock valued at $449,614,000 after acquiring an additional 883,127 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Bunge Global by 285.1% during the 2nd quarter. Intech Investment Management LLC now owns 17,081 shares of the basic materials company’s stock valued at $1,824,000 after acquiring an additional 12,646 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Bunge Global by 133.1% during the 2nd quarter. Inspire Investing LLC now owns 10,115 shares of the basic materials company’s stock valued at $1,080,000 after acquiring an additional 5,775 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Bunge Global by 432.4% during the 2nd quarter. XTX Topco Ltd now owns 17,809 shares of the basic materials company’s stock valued at $1,901,000 after acquiring an additional 14,464 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co acquired a new stake in shares of Bunge Global during the 2nd quarter valued at about $1,452,000. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $125.00 to $114.00 in a research 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 MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Price Performance

NYSE:BG opened at $97.73 on Monday. The firm has a market cap of $13.84 billion, a PE ratio of 7.87 and a beta of 0.65. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $114.92. The company has a quick ratio of 0.97, a current ratio of 2.03 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $100.11 and its two-hundred day moving average price is $103.28.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.06). Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The company had revenue of $13.24 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the prior year, the firm posted $3.72 earnings per share. The company’s revenue was down 12.0% on a year-over-year basis. On average, equities analysts anticipate that Bunge Global SA will post 9.3 EPS for the current fiscal year.

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.