Bunge Global SA (NYSE:BG) Stock Holdings Lessened by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd cut its stake in shares of Bunge Global SA (NYSE:BG) by 59.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,264 shares of the basic materials company’s stock after selling 15,184 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Bunge Global were worth $992,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its holdings 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 valued at $449,614,000 after purchasing an additional 883,127 shares during the last quarter. Millennium Management LLC lifted its stake in Bunge Global by 12,617.1% during the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock valued at $94,557,000 after buying an additional 878,653 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Bunge Global by 10.7% in the second quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after buying an additional 203,910 shares during the period. AQR Capital Management LLC lifted its position in shares of Bunge Global by 23.4% in 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 acquiring an additional 184,245 shares in the last quarter. Finally, Mizuho Securities USA LLC lifted its position in shares of Bunge Global by 1,585.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock valued at $17,782,000 after acquiring an additional 173,082 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup cut shares of Bunge Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $125.00 to $114.00 in a research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Down 0.8 %

Bunge Global stock opened at $88.90 on Thursday. The firm’s 50 day moving average price is $91.86 and its two-hundred day moving average price is $99.60. The firm has a market cap of $12.41 billion, a PE ratio of 11.25 and a beta of 0.67. Bunge Global SA has a twelve month low of $82.18 and a twelve month high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07.

About Bunge Global

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.