Bunge Global SA (NYSE:BG) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in Bunge Global SA (NYSE:BG) by 13.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,549 shares of the basic materials company’s stock after acquiring an additional 5,676 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Bunge Global were worth $4,692,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BG. Orion Portfolio Solutions LLC lifted its holdings in shares of Bunge Global by 10.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,683 shares of the basic materials company’s stock worth $646,000 after purchasing an additional 637 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in Bunge Global in the third quarter valued at $888,000. Kovitz Investment Group Partners LLC lifted its stake in Bunge Global by 398.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 11,584 shares of the basic materials company’s stock valued at $1,135,000 after buying an additional 9,261 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Bunge Global by 195.5% during the third quarter. Wellington Management Group LLP now owns 184,734 shares of the basic materials company’s stock valued at $17,853,000 after acquiring an additional 122,208 shares during the period. Finally, Wexford Capital LP grew its position in shares of Bunge Global by 129.2% during the third quarter. Wexford Capital LP now owns 9,714 shares of the basic materials company’s stock worth $939,000 after acquiring an additional 5,476 shares during the last quarter. 86.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Bunge Global Stock Performance

BG stock opened at $82.69 on Friday. The company has a 50-day simple moving average of $89.00 and a 200 day simple moving average of $98.11. The company has a market capitalization of $11.55 billion, a P/E ratio of 10.47 and a beta of 0.68. 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 fifty-two week low of $81.95 and a fifty-two week high of $114.92.

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.