Nomura Holdings Inc. Acquires Shares of 4,602 Bunge Global SA (NYSE:BG)

Nomura Holdings Inc. purchased a new position in shares of Bunge Global SA (NYSE:BG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,602 shares of the basic materials company's stock, valued at approximately $358,000.

A number of other hedge funds have also made changes to their positions in BG. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Bunge Global by 3.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 170 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in Bunge Global by 25.4% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after buying an additional 178 shares during the last quarter. DoubleLine ETF Adviser LP increased its position in Bunge Global by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock worth $615,000 after buying an additional 183 shares during the period. Allworth Financial LP increased its position in Bunge Global by 32.3% in the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after buying an additional 194 shares during the period. Finally, Abbot Financial Management Inc. lifted its holdings in shares of Bunge Global by 0.9% during the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock worth $1,786,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 86.23% of the company's stock.

Bunge Global Price Performance

Shares of NYSE:BG traded up $0.14 during midday trading on Wednesday, reaching $79.38. 321,127 shares of the company's stock were exchanged, compared to its average volume of 1,743,691. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The company's 50 day simple moving average is $77.40 and its two-hundred day simple moving average is $78.30. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92. The firm has a market capitalization of $10.67 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The company had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The company's quarterly revenue was down 13.2% on a year-over-year basis. Equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Bunge Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.53%. Bunge Global's payout ratio is presently 35.53%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Stephens decreased their price target on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. Bank of America dropped their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Citigroup increased their target price on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Finally, Barclays cut their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $81.60.

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.