Nomura Asset Management Co. Ltd. Cuts Position in Bunge Global SA (NYSE:BG)

Nomura Asset Management Co. Ltd. lowered its stake in shares of Bunge Global SA (NYSE:BG) by 10.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,355 shares of the basic materials company’s stock after selling 5,194 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Bunge Global were worth $3,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spire Wealth Management acquired a new stake in Bunge Global in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Bunge Global during the 3rd quarter worth approximately $34,000. Crews Bank & Trust acquired a new position in shares of Bunge Global during the 4th quarter worth approximately $39,000. R Squared Ltd purchased a new stake in Bunge Global in the 4th quarter valued at approximately $45,000. Finally, Financial Perspectives Inc grew its holdings in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after buying an additional 585 shares during 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 topic of a number of recent research reports. Morgan Stanley reduced their target price on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Barclays decreased their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Finally, Bank of America decreased their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Stock Up 1.9 %

BG stock opened at $77.86 on Wednesday. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $73.78 and a 200-day simple moving average of $82.61. The company has a market capitalization of $10.43 billion, a P/E ratio of 9.64, a PEG ratio of 2.66 and a beta of 0.67. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, equities research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

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.