Bunge Global SA (NYSE:BG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Bunge Global SA (NYSE:BG) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,305 shares of the basic materials company’s stock after selling 14,513 shares during the quarter. New York State Common Retirement Fund’s holdings in Bunge Global were worth $10,429,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BG. Nordea Investment Management AB lifted its stake in shares of Bunge Global by 69.4% in the 4th quarter. Nordea Investment Management AB now owns 75,691 shares of the basic materials company’s stock valued at $7,621,000 after purchasing an additional 30,999 shares during the last quarter. SG Americas Securities LLC boosted its stake in Bunge Global by 423.6% during the fourth quarter. SG Americas Securities LLC now owns 52,247 shares of the basic materials company’s stock worth $5,274,000 after buying an additional 42,268 shares during the period. Hudson Bay Capital Management LP acquired a new stake in shares of Bunge Global during the third quarter valued at about $2,706,000. Asset Management One Co. Ltd. raised its stake in shares of Bunge Global by 53.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 91,657 shares of the basic materials company’s stock valued at $9,314,000 after acquiring an additional 32,020 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of Bunge Global by 11.4% in the 4th quarter. New York State Teachers Retirement System now owns 153,620 shares of the basic materials company’s stock worth $15,508,000 after acquiring an additional 15,675 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wolfe Research lowered Bunge Global from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 10th. Citigroup increased their target price on Bunge Global from $117.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Barclays dropped their target price on Bunge Global from $125.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, January 23rd. HSBC raised shares of Bunge Global from a “hold” rating to a “buy” rating and lowered their price objective for the company from $122.00 to $105.00 in a research note on Friday, February 9th. Finally, BMO Capital Markets cut 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 note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Bunge Global Stock Down 0.8 %

BG stock opened at $100.95 on Thursday. Bunge Global SA has a fifty-two week low of $86.10 and a fifty-two week high of $116.59. The company’s 50 day moving average price is $99.94 and its 200 day moving average price is $99.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.99. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 8.13 and a beta of 0.64.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.49. The business had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. Bunge Global had a net margin of 3.22% and a return on equity of 17.49%. The company’s revenue was down 12.5% on a year-over-year basis. During the same period last year, the business earned $3.26 EPS. On average, equities research analysts anticipate that Bunge Global SA will post 9.03 EPS for the current fiscal year.

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.