Quantbot Technologies LP Makes New Investment in Bunge Global SA (NYSE:BG)

Quantbot Technologies LP purchased a new position in Bunge Global SA (NYSE:BG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,774 shares of the basic materials company’s stock, valued at approximately $751,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of Bunge Global by 156.4% in the 2nd quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock worth $20,656,000 after purchasing an additional 117,998 shares in the last quarter. Xponance Inc. raised its position in Bunge Global by 39.0% in the 2nd quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock worth $4,606,000 after buying an additional 12,104 shares during the last quarter. AMG National Trust Bank purchased a new position in Bunge Global in the 2nd quarter worth about $314,000. Cetera Investment Advisers lifted its stake in Bunge Global by 273.1% during the 1st quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock valued at $1,917,000 after acquiring an additional 13,687 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in shares of Bunge Global during the second quarter valued at approximately $7,131,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Price Performance

Shares of BG opened at $89.05 on Tuesday. The firm has a fifty day simple moving average of $91.28 and a two-hundred day simple moving average of $99.29. The firm has a market cap of $12.43 billion, a PE ratio of 11.27 and a beta of 0.67. 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 1-year low of $82.18 and a 1-year high of $114.92.

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.