Nisa Investment Advisors LLC Increases Position in Bunge Global SA (NYSE:BG)

Nisa Investment Advisors LLC boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,673 shares of the basic materials company’s stock after acquiring an additional 1,453 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bunge Global were worth $976,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Bunge Global by 12.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,858 shares of the basic materials company’s stock valued at $1,979,000 after purchasing an additional 1,994 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Bunge Global in the first quarter worth $494,000. Yousif Capital Management LLC increased its position in shares of Bunge Global by 6.5% during the first quarter. Yousif Capital Management LLC now owns 8,767 shares of the basic materials company’s stock worth $971,000 after acquiring an additional 535 shares during the period. Prudential PLC acquired a new stake in shares of Bunge Global in the first quarter valued at $530,000. Finally, Vanguard Group Inc. raised its stake in shares of Bunge Global by 5.2% in the first quarter. Vanguard Group Inc. now owns 14,105,841 shares of the basic materials company’s stock valued at $1,563,069,000 after acquiring an additional 696,806 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Wall Street Analysts Forecast Growth

BG has been the topic of several recent research reports. StockNews.com downgraded Bunge Global from a “buy” rating to a “hold” rating in a report on Monday, February 26th. The Goldman Sachs Group cut their target price on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Roth Mkm decreased their price target on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, February 5th. BMO Capital Markets lowered their price target on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Finally, Citigroup raised their price objective on shares of Bunge Global from $108.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average price target of $120.44.

Bunge Global Trading Up 0.2 %

NYSE BG opened at $103.93 on Tuesday. The firm’s fifty day moving average price is $96.44 and its 200 day moving average price is $99.85. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.13 and a quick ratio of 1.20. The company has a market capitalization of $14.65 billion, a price-to-earnings ratio of 6.98 and a beta of 0.64.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.89. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. During the same quarter in the prior year, the firm posted $3.24 earnings per share. Bunge Global’s revenue for the quarter was down 10.3% on a year-over-year basis. On average, sell-side analysts expect that Bunge Global SA will post 9.36 earnings per share for the current fiscal year.

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.