Daiwa Securities Group Inc. Buys 2,895 Shares of Bunge Global SA (NYSE:BG)

Daiwa Securities Group Inc. lifted its stake in Bunge Global SA (NYSE:BG) by 9.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,384 shares of the basic materials company’s stock after buying an additional 2,895 shares during the period. Daiwa Securities Group Inc.’s holdings in Bunge Global were worth $2,596,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BG. Spire Wealth Management purchased a new stake in Bunge Global in the 4th quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global during the third quarter valued at approximately $34,000. Crews Bank & Trust purchased a new stake in shares of Bunge Global in the fourth quarter worth approximately $39,000. Farther Finance Advisors LLC lifted its stake in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 124 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Bunge Global during the 4th quarter valued at $45,000. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BG. Stephens reduced their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Bank of America lowered their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Stock Up 0.5 %

Bunge Global stock opened at $73.46 on Friday. 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 firm has a market cap of $9.84 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.66 and a beta of 0.67. The business has a fifty day moving average of $74.99 and a two-hundred day moving average of $85.12. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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, analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

About Bunge Global

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.