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 position in Bunge Global SA (NYSE:BG) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,689 shares of the basic materials company’s stock after selling 1,147 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bunge Global were worth $2,309,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BG. Franklin Resources Inc. lifted its holdings in shares of Bunge Global by 16.9% during the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after purchasing an additional 39,646 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company’s stock valued at $302,000 after buying an additional 278 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Bunge Global by 39.6% during the fourth quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company’s stock valued at $1,665,000 after buying an additional 6,077 shares during the last quarter. iA Global Asset Management Inc. bought a new stake in Bunge Global in the third quarter worth $888,000. Finally, State Street Corp increased its holdings in shares of Bunge Global by 7.6% during the third quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock valued at $681,467,000 after acquiring an additional 500,897 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 0.7 %

Shares of BG stock opened at $72.72 on Tuesday. The stock has a market capitalization of $9.74 billion, a P/E ratio of 9.00, a P/E/G ratio of 2.66 and a beta of 0.67. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $74.26 and its 200 day moving average is $83.52. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $114.92.

Bunge Global (NYSE:BG) last issued its quarterly earnings data 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%. Research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on BG. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America cut their price target 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. Morgan Stanley decreased their price objective 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. Finally, 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 note on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.