Zurcher Kantonalbank Zurich Cantonalbank Has $6.09 Million Stock Holdings in Bunge Global SA (NYSE:BG)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bunge Global SA (NYSE:BG) by 3.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 60,283 shares of the basic materials company’s stock after acquiring an additional 1,907 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bunge Global were worth $6,086,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. raised its position in shares of Bunge Global by 4.3% in the third quarter. C M Bidwell & Associates Ltd. now owns 2,393 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 99 shares during the period. Atria Investments Inc raised its position in shares of Bunge Global by 0.8% in the third quarter. Atria Investments Inc now owns 13,458 shares of the basic materials company’s stock valued at $1,457,000 after purchasing an additional 104 shares during the period. Evergreen Capital Management LLC raised its position in shares of Bunge Global by 0.3% in the third quarter. Evergreen Capital Management LLC now owns 32,189 shares of the basic materials company’s stock valued at $3,484,000 after purchasing an additional 108 shares during the period. M&T Bank Corp raised its position in shares of Bunge Global by 2.0% in the third quarter. M&T Bank Corp now owns 5,943 shares of the basic materials company’s stock valued at $491,000 after purchasing an additional 114 shares during the period. Finally, Harvest Fund Management Co. Ltd increased its position in Bunge Global by 24.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 115 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Trading Up 2.8 %

Shares of Bunge Global stock opened at $109.52 on Monday. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.13 and a quick ratio of 1.20. The company’s fifty day moving average price is $97.89 and its two-hundred day moving average price is $99.85. The firm has a market capitalization of $15.44 billion, a PE ratio of 7.36 and a beta of 0.64.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, beating the consensus estimate of $2.81 by $0.89. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The company had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.96 billion. During the same quarter in the previous year, the company earned $3.24 EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, analysts expect that Bunge Global SA will post 9.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BG. BMO Capital Markets dropped their target price on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Citigroup boosted their target price on shares of Bunge Global from $108.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and dropped their target price for the stock from $122.00 to $105.00 in a research report on Friday, February 9th. Robert W. Baird dropped their target price on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 23rd. Finally, StockNews.com lowered shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.44.

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.