Daiwa Securities Group Inc. Has $2.95 Million Stock Position in Bunge Global SA (NYSE:BG)

Daiwa Securities Group Inc. lifted its holdings in shares of Bunge Global SA (NYSE:BG) by 4.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 30,489 shares of the basic materials company’s stock after purchasing an additional 1,261 shares during the period. Daiwa Securities Group Inc.’s holdings in Bunge Global were worth $2,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Swedbank AB raised its stake in shares of Bunge Global by 11.9% in the third quarter. Swedbank AB now owns 143,534 shares of the basic materials company’s stock worth $13,871,000 after purchasing an additional 15,241 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Bunge Global by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock worth $139,608,000 after buying an additional 50,615 shares in the last quarter. Intech Investment Management LLC raised its position in Bunge Global by 194.0% in the 3rd quarter. Intech Investment Management LLC now owns 50,211 shares of the basic materials company’s stock valued at $4,852,000 after buying an additional 33,130 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Bunge Global during the 3rd quarter valued at $2,034,000. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Bunge Global by 37.6% in the third quarter. Banque Cantonale Vaudoise now owns 4,666 shares of the basic materials company’s stock valued at $451,000 after purchasing an additional 1,275 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

NYSE BG opened at $88.90 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The company has a market capitalization of $12.41 billion, a PE ratio of 11.25 and a beta of 0.67. Bunge Global SA has a 52-week low of $82.18 and a 52-week high of $114.92. The company has a 50-day simple moving average of $91.86 and a 200 day simple moving average of $99.60.

Analyst Upgrades and Downgrades

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $125.00 to $114.00 in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global presently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.