Nisa Investment Advisors LLC Has $698,000 Stock Holdings in Bunge Global SA $BG

Nisa Investment Advisors LLC boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 62.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,699 shares of the basic materials company’s stock after buying an additional 3,358 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bunge Global were worth $698,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Bunge Global by 34.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after buying an additional 859,733 shares during the last quarter. Invesco Ltd. increased its position in Bunge Global by 3.8% during the first quarter. Invesco Ltd. now owns 3,329,577 shares of the basic materials company’s stock worth $254,446,000 after buying an additional 122,931 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Bunge Global by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,603,669 shares of the basic materials company’s stock worth $122,552,000 after buying an additional 101,586 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Bunge Global during the first quarter worth $92,552,000. Finally, AQR Capital Management LLC increased its position in Bunge Global by 80.5% during the first quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock worth $76,077,000 after buying an additional 443,893 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Down 0.5%

Shares of BG opened at $94.64 on Friday. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 8.28 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55. The company has a 50-day moving average price of $85.80 and a two-hundred day moving average price of $81.57.

Bunge Global (NYSE:BG) last announced its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.73 earnings per share. Equities analysts predict that Bunge Global SA will post 7.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BG. BMO Capital Markets upped their price target on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Morgan Stanley set a $95.00 price target on shares of Bunge Global in a report on Monday, October 27th. Stephens upped their price target on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Bunge Global from $85.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $99.43.

Insider Buying and Selling at Bunge Global

In other news, Director Christopher Mahoney acquired 5,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares in the company, valued at approximately $585,513.72. This represents a 231.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

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.