Meeder Asset Management Inc. Has $6.57 Million Stock Position in Bunge Global SA (NYSE:BG)

Meeder Asset Management Inc. reduced its holdings in Bunge Global SA (NYSE:BG) by 18.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 68,006 shares of the basic materials company’s stock after selling 15,513 shares during the quarter. Meeder Asset Management Inc.’s holdings in Bunge Global were worth $6,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Bunge Global in the 2nd quarter valued at $28,000. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Bunge Global during the second quarter worth $40,000. Finally, Atlas Capital Advisors LLC boosted its stake in Bunge Global by 261.3% during the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and cut their target price for the stock from $125.00 to $114.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

NYSE BG opened at $91.34 on Tuesday. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92. The company has a 50-day simple moving average of $92.84 and a 200 day simple moving average of $100.26. 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 has a market capitalization of $12.75 billion, a PE ratio of 11.56 and a beta of 0.67.

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.