Mizuho Securities USA LLC Boosts Position in Bunge Global SA (NYSE:BG)

Mizuho Securities USA LLC boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 1,585.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 184,000 shares of the basic materials company’s stock after buying an additional 173,082 shares during the quarter. Mizuho Securities USA LLC owned 0.13% of Bunge Global worth $17,782,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new stake in Bunge Global in the 2nd quarter valued at $28,000. Blue Trust Inc. boosted its position in shares of Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 102 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Bunge Global during the 2nd quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC boosted its position in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 277 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Bunge Global Stock Performance

Shares of Bunge Global stock opened at $90.60 on Friday. Bunge Global SA has a one year low of $82.18 and a one year high of $114.92. The company has a market cap of $12.65 billion, a PE ratio of 11.47 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The business has a 50-day simple moving average of $93.00 and a 200-day simple moving average of $100.34.

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.