Cinctive Capital Management LP Increases Holdings in Bunge Global SA (NYSE:BG)

Cinctive Capital Management LP boosted its position in Bunge Global SA (NYSE:BG) by 21.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,979 shares of the basic materials company’s stock after buying an additional 7,496 shares during the period. Cinctive Capital Management LP’s holdings in Bunge Global were worth $4,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers increased its stake in shares of Bunge Global by 273.1% in the first quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock worth $1,917,000 after acquiring an additional 13,687 shares during the period. GAMMA Investing LLC raised its stake in shares of Bunge Global by 130.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,700 shares of the basic materials company’s stock valued at $182,000 after buying an additional 962 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of Bunge Global by 12.4% in the 2nd quarter. Mather Group LLC. now owns 843 shares of the basic materials company’s stock valued at $86,000 after buying an additional 93 shares during the period. AMF Tjanstepension AB acquired a new position in shares of Bunge Global in the 2nd quarter valued at about $7,131,000. Finally, CWM LLC boosted its stake in shares of Bunge Global by 8.7% in the second quarter. CWM LLC now owns 3,020 shares of the basic materials company’s stock worth $322,000 after buying an additional 242 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Down 0.8 %

Shares of BG stock opened at $89.05 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. Bunge Global SA has a twelve month low of $82.18 and a twelve month high of $114.92. The stock has a 50 day moving average of $91.28 and a 200 day moving average of $99.29. The stock has a market cap of $12.43 billion, a P/E ratio of 11.27 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.