Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in Bunge Global SA (NYSE:BG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Bunge Global SA (NYSE:BG) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,689 shares of the basic materials company’s stock after selling 1,147 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bunge Global were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Magnetar Financial LLC bought a new position in shares of Bunge Global in the 4th quarter worth $2,799,000. Royal London Asset Management Ltd. increased its stake in Bunge Global by 15.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 86,406 shares of the basic materials company’s stock valued at $6,719,000 after acquiring an additional 11,586 shares during the last quarter. Xponance Inc. raised its position in Bunge Global by 4.7% during the fourth quarter. Xponance Inc. now owns 69,949 shares of the basic materials company’s stock valued at $5,439,000 after purchasing an additional 3,146 shares in the last quarter. Intech Investment Management LLC lifted its stake in Bunge Global by 267.4% during the fourth quarter. Intech Investment Management LLC now owns 184,460 shares of the basic materials company’s stock worth $14,344,000 after purchasing an additional 134,249 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its holdings in shares of Bunge Global by 18.2% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 319,121 shares of the basic materials company’s stock worth $24,815,000 after purchasing an additional 49,046 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Down 0.7 %

Shares of NYSE:BG opened at $72.72 on Tuesday. The stock’s 50-day moving average is $74.26 and its 200 day moving average is $83.52. The company has a market cap of $9.74 billion, a PE ratio of 9.00, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. Sell-side analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on BG shares. Morgan Stanley dropped their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 11th. Bank of America reduced their target price 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. Barclays decreased their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and an average target price of $93.00.

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.