Ontario Teachers Pension Plan Board Cuts Stake in Bunge Global SA (NYSE:BG)

Ontario Teachers Pension Plan Board cut its holdings in Bunge Global SA (NYSE:BG) by 27.3% in the fourth quarter, Holdings Channel reports. The fund 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.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BG. Spire Wealth Management bought a new stake in shares of Bunge Global in the 4th quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global during the third quarter valued at approximately $34,000. Crews Bank & Trust bought a new position in Bunge Global in the fourth quarter worth approximately $39,000. R Squared Ltd purchased a new stake in Bunge Global during the fourth quarter worth $45,000. Finally, Financial Perspectives Inc boosted its position in Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 585 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BG has been the subject of several recent research reports. Bank of America reduced their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Morgan Stanley decreased 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 research report on Tuesday, February 11th. Citigroup raised their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday. Barclays reduced their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, Stephens reduced their price target on 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and an average price target of $85.60.

Bunge Global Stock Up 0.4 %

NYSE:BG opened at $76.52 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. The company has a market cap of $10.25 billion, a PE ratio of 9.47, a P/E/G ratio of 2.66 and a beta of 0.59. The company’s 50 day moving average is $73.53 and its two-hundred day moving average is $80.86.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. Analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

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.