California Public Employees Retirement System Raises Stake in Bunge Global SA (NYSE:BG)

California Public Employees Retirement System boosted its holdings in shares of Bunge Global SA (NYSE:BG) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,634 shares of the basic materials company’s stock after acquiring an additional 34,566 shares during the period. California Public Employees Retirement System owned 0.19% of Bunge Global worth $27,825,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CWM LLC increased its stake in Bunge Global by 48.8% during the 3rd quarter. CWM LLC now owns 2,472 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 811 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Bunge Global by 12.3% in the third quarter. SG Americas Securities LLC now owns 9,979 shares of the basic materials company’s stock worth $1,080,000 after acquiring an additional 1,094 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Bunge Global by 34.2% in the third quarter. Exchange Traded Concepts LLC now owns 5,188 shares of the basic materials company’s stock worth $562,000 after acquiring an additional 1,322 shares during the period. Czech National Bank grew its stake in shares of Bunge Global by 47.7% in the third quarter. Czech National Bank now owns 26,329 shares of the basic materials company’s stock worth $2,850,000 after acquiring an additional 8,502 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Bunge Global by 39.5% in the third quarter. Handelsbanken Fonder AB now owns 29,300 shares of the basic materials company’s stock worth $3,172,000 after acquiring an additional 8,300 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BG. StockNews.com lowered shares of Bunge Global from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Barclays lowered their price target on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, January 23rd. Wolfe Research downgraded shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Citigroup lifted their price target on shares of Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group lowered their price target on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.00.

Bunge Global Price Performance

BG stock opened at $102.73 on Friday. Bunge Global SA has a one year low of $86.10 and a one year high of $116.59. The company’s fifty day moving average price is $99.50 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 1.20 and a current ratio of 1.99. The company has a market capitalization of $14.55 billion, a PE ratio of 8.27 and a beta of 0.64.

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