Nisa Investment Advisors LLC Sells 1,439 Shares of Bunge Global SA (NYSE:BG)

Nisa Investment Advisors LLC cut its holdings in Bunge Global SA (NYSE:BGFree Report) by 25.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,320 shares of the basic materials company’s stock after selling 1,439 shares during the period. Nisa Investment Advisors LLC’s holdings in Bunge Global were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. grew its position in Bunge Global by 42.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 27,287 shares of the basic materials company’s stock valued at $2,122,000 after buying an additional 8,107 shares during the period. Ritholtz Wealth Management boosted its stake in Bunge Global by 17.1% in the fourth quarter. Ritholtz Wealth Management now owns 3,345 shares of the basic materials company’s stock valued at $260,000 after acquiring an additional 489 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of Bunge Global by 5.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 69,422 shares of the basic materials company’s stock valued at $5,398,000 after acquiring an additional 3,456 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock worth $302,000 after purchasing an additional 278 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Bunge Global by 12.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company’s stock worth $2,935,000 after purchasing an additional 4,296 shares during the period. 86.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BG. Barclays lowered Bunge Global from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $115.00 to $95.00 in a report on Tuesday, January 21st. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.33.

Read Our Latest Stock Analysis on BG

Bunge Global Stock Performance

NYSE BG opened at $78.19 on Thursday. The company has a market capitalization of $10.92 billion, a P/E ratio of 9.90 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. Bunge Global SA has a 52-week low of $75.75 and a 52-week high of $114.92. The company has a fifty day moving average of $81.52 and a 200-day moving average of $91.60.

Bunge Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bunge Global (NYSE:BG)

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