Bunge Global SA (NYSE:BG) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd lessened its position in Bunge Global SA (NYSE:BG) by 59.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,264 shares of the basic materials company’s stock after selling 15,184 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Bunge Global were worth $992,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BG. SG Americas Securities LLC increased its stake in shares of Bunge Global by 156.4% in the second quarter. SG Americas Securities LLC now owns 193,467 shares of the basic materials company’s stock valued at $20,656,000 after purchasing an additional 117,998 shares during the period. Janus Henderson Group PLC increased its position in Bunge Global by 13.3% in the 1st quarter. Janus Henderson Group PLC now owns 82,036 shares of the basic materials company’s stock valued at $8,408,000 after acquiring an additional 9,648 shares during the period. Xponance Inc. raised its stake in Bunge Global by 39.0% during the 2nd quarter. Xponance Inc. now owns 43,140 shares of the basic materials company’s stock valued at $4,606,000 after acquiring an additional 12,104 shares in the last quarter. AMG National Trust Bank acquired a new position in Bunge Global during the 2nd quarter worth $314,000. Finally, Cetera Investment Advisers grew its stake in shares of Bunge Global by 273.1% in the first quarter. Cetera Investment Advisers now owns 18,699 shares of the basic materials company’s stock worth $1,917,000 after purchasing an additional 13,687 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Trading Down 0.8 %

Shares of BG stock opened at $88.90 on Thursday. The stock has a 50-day simple moving average of $91.86 and a 200 day simple moving average of $99.60. The stock has a market capitalization of $12.41 billion, a P/E ratio of 11.25 and a beta of 0.67. Bunge Global SA has a fifty-two week low of $82.18 and a fifty-two week high of $114.92. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $114.00 in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.