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

Daiwa Securities Group Inc. boosted its holdings in Bunge Global SA (NYSE:BG) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,489 shares of the basic materials company’s stock after buying an additional 1,261 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Bunge Global were worth $2,947,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in shares of Bunge Global by 26.5% during the second quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after buying an additional 883,127 shares during the period. Dimensional Fund Advisors LP grew its holdings in Bunge Global by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,282,006 shares of the basic materials company’s stock worth $243,664,000 after acquiring an additional 121,080 shares during the period. LSV Asset Management raised its position in shares of Bunge Global by 10.7% in the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after acquiring an additional 203,910 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Bunge Global by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,444,621 shares of the basic materials company’s stock valued at $139,608,000 after purchasing an additional 50,615 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Bunge Global by 23.4% during the 2nd quarter. AQR Capital Management LLC now owns 970,083 shares of the basic materials company’s stock valued at $103,576,000 after purchasing an additional 184,245 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $88.90 on Thursday. The business has a 50-day simple moving average of $91.86 and a 200 day simple moving average of $99.60. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 11.25 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. Bunge Global SA has a one year low of $82.18 and a one year high of $114.92.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded Bunge Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $125.00 to $114.00 in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and a consensus 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.