Nomura Asset Management Co. Ltd. Has $3.37 Million Stake in Bunge Global SA (NYSE:BG)

Nomura Asset Management Co. Ltd. cut its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Bunge Global by 3.9% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after purchasing an additional 170 shares during the last quarter. Deseret Mutual Benefit Administrators raised its holdings in Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares during the period. Allworth Financial LP lifted its position in Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after acquiring an additional 194 shares during the last quarter. Abbot Financial Management Inc. boosted its holdings in shares of Bunge Global by 0.9% during the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock worth $1,786,000 after acquiring an additional 205 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Bunge Global by 15.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after purchasing an additional 225 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Bunge Global Price Performance

Shares of NYSE:BG traded down $4.90 during midday trading on Friday, hitting $73.30. The stock had a trading volume of 2,439,327 shares, compared to its average volume of 1,573,326. The company's 50-day moving average price is $73.69 and its 200-day moving average price is $82.17. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $9.82 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stephens reduced their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America decreased their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Barclays dropped their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Finally, Morgan Stanley lowered 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. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $93.00.

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.