Healthcare of Ontario Pension Plan Trust Fund Boosts Holdings in Bunge Global SA (NYSE:BG)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Bunge Global SA (NYSE:BG) by 11.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 123,000 shares of the basic materials company’s stock after buying an additional 13,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Bunge Global were worth $11,887,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Pacer Advisors Inc. raised its position 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 purchasing an additional 883,127 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bunge Global by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after purchasing an additional 121,080 shares during the last quarter. LSV Asset Management raised its position in shares of Bunge Global by 10.7% in the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after purchasing an additional 203,910 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bunge Global by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock worth $139,608,000 after purchasing an additional 50,615 shares during the last quarter. Finally, AQR Capital Management LLC raised its position 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 worth $103,576,000 after buying an additional 184,245 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup lowered Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Price Performance

NYSE BG opened at $88.91 on Friday. Bunge Global SA has a 52 week low of $82.18 and a 52 week high of $114.92. The firm has a market capitalization of $12.41 billion, a P/E ratio of 11.25 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. The company has a 50-day moving average price of $91.69 and a 200-day moving average price of $99.53.

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.