Ontario Teachers Pension Plan Board Sells 2,975 Shares of Bunge Global SA (NYSE:BG)

Ontario Teachers Pension Plan Board lowered its stake in Bunge Global SA (NYSE:BG) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,920 shares of the basic materials company’s stock after selling 2,975 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Bunge Global were worth $616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management bought a new position in Bunge Global during the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the third quarter worth $34,000. Crews Bank & Trust purchased a new stake in Bunge Global during the fourth quarter valued at $39,000. R Squared Ltd bought a new position in Bunge Global during the fourth quarter valued at $45,000. Finally, Financial Perspectives Inc grew its stake in shares of Bunge Global by 585.0% in the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock worth $53,000 after buying an additional 585 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

BG stock opened at $76.52 on Thursday. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 9.47, a PEG ratio of 2.66 and a beta of 0.59. The business’s fifty day simple moving average is $73.53 and its two-hundred day simple moving average is $80.86. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

Bunge Global (NYSE:BG) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BG. Morgan Stanley lowered their price target on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating for the company in a report on Tuesday, February 11th. Bank of America lowered their price objective on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Barclays cut their target price on 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. Citigroup lifted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.60.

Bunge Global 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.