Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.65 Million Holdings in Bunge Global SA $BG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Bunge Global SA (NYSE:BG) by 8.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,964 shares of the basic materials company’s stock after acquiring an additional 2,439 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bunge Global were worth $2,646,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Bunge Global by 34.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company’s stock worth $255,756,000 after purchasing an additional 859,733 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Bunge Global in the first quarter worth $40,963,000. AQR Capital Management LLC boosted its holdings in shares of Bunge Global by 80.5% during the 1st quarter. AQR Capital Management LLC now owns 995,507 shares of the basic materials company’s stock worth $76,077,000 after buying an additional 443,893 shares during the period. Yaupon Capital Management LP acquired a new position in Bunge Global in the 1st quarter valued at $19,920,000. Finally, Gotham Asset Management LLC raised its holdings in Bunge Global by 1,001.9% in the 1st quarter. Gotham Asset Management LLC now owns 208,234 shares of the basic materials company’s stock worth $15,913,000 after acquiring an additional 189,337 shares during the period. 86.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Bunge Global from $107.00 to $109.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Zacks Research raised Bunge Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Morgan Stanley set a $95.00 target price on Bunge Global in a report on Monday, October 27th. BMO Capital Markets upped their price target on Bunge Global from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Stephens increased their price objective on Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.88.

Bunge Global Trading Down 3.2%

Shares of BG opened at $93.04 on Thursday. The stock’s 50-day moving average price is $88.72 and its 200 day moving average price is $83.00. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $17.99 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 8.28 and a beta of 0.76. Bunge Global SA has a 12-month low of $67.40 and a 12-month high of $99.55.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.04. The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $22.46 billion. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.Bunge Global’s revenue for the quarter was up 71.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. As a group, research analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

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.