Nisa Investment Advisors LLC Has $336,000 Position in Bunge Global SA (NYSE:BG)

Nisa Investment Advisors LLC lessened its stake in shares of Bunge Global SA (NYSE:BG) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,320 shares of the basic materials company’s stock after selling 1,439 shares during the period. Nisa Investment Advisors LLC’s holdings in Bunge Global were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ilex Capital Partners UK LLP acquired a new stake in shares of Bunge Global during the 3rd quarter worth approximately $54,330,000. State Street Corp lifted its stake in Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after purchasing an additional 500,897 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of Bunge Global by 1,585.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock valued at $17,782,000 after purchasing an additional 173,082 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Bunge Global by 2,840.3% in the 3rd quarter. Victory Capital Management Inc. now owns 129,698 shares of the basic materials company’s stock valued at $12,534,000 after purchasing an additional 125,287 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Bunge Global by 195.5% during the 3rd quarter. Wellington Management Group LLP now owns 184,734 shares of the basic materials company’s stock worth $17,853,000 after buying an additional 122,208 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Price Performance

Shares of BG opened at $78.19 on Thursday. The stock has a market cap of $10.92 billion, a P/E ratio of 9.90 and a beta of 0.70. The business’s fifty day moving average is $81.52 and its 200 day moving average is $91.60. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 12-month low of $75.75 and a 12-month high of $114.92.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Stephens raised shares of Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $115.00 to $95.00 in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and a consensus price target of $116.33.

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.