Pacer Advisors Inc. Has $229.89 Million Stock Position in Bunge Global SA (NYSE:BG)

Pacer Advisors Inc. boosted its holdings in Bunge Global SA (NYSE:BG) by 13,459.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,956,459 shares of the basic materials company’s stock after purchasing an additional 2,934,656 shares during the period. Pacer Advisors Inc.’s holdings in Bunge Global were worth $229,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of BG. Farther Finance Advisors LLC increased its stake in Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 124 shares during the period. NorthCrest Asset Manangement LLC increased its position in shares of Bunge Global by 0.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after purchasing an additional 144 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Bunge Global by 3.7% in the third quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 156 shares in the last quarter. Caprock Group LLC lifted its position in Bunge Global by 2.2% in the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 164 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its stake in Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock worth $68,000 after buying an additional 166 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BG has been the subject of a number of recent research reports. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Barclays lowered shares of Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $115.00 to $95.00 in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average price target of $116.33.

Bunge Global Stock Down 1.9 %

BG opened at $77.16 on Monday. Bunge Global SA has a twelve month low of $75.75 and a twelve month high of $114.92. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 9.77 and a beta of 0.70. The firm’s 50-day simple moving average is $82.22 and its 200-day simple moving average is $92.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

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.