New York State Teachers Retirement System Decreases Holdings in Bunge Global SA (NYSE:BG)

New York State Teachers Retirement System lessened its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 13.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,959 shares of the basic materials company's stock after selling 19,543 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Bunge Global worth $9,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BG. FMR LLC increased its holdings in shares of Bunge Global by 25.3% in the 4th quarter. FMR LLC now owns 3,465,636 shares of the basic materials company's stock worth $269,488,000 after buying an additional 699,889 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Bunge Global by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 3,457,858 shares of the basic materials company's stock worth $268,205,000 after buying an additional 34,890 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Bunge Global by 28.6% in the 4th quarter. Invesco Ltd. now owns 3,206,646 shares of the basic materials company's stock worth $249,349,000 after buying an additional 713,561 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bunge Global by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,486,976 shares of the basic materials company's stock worth $193,379,000 after buying an additional 183,701 shares during the last quarter. Finally, Amundi increased its holdings in shares of Bunge Global by 24.9% in the 4th quarter. Amundi now owns 2,457,864 shares of the basic materials company's stock worth $190,476,000 after buying an additional 490,153 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

NYSE:BG traded down $3.52 during trading hours on Monday, reaching $74.92. The company had a trading volume of 2,459,446 shares, compared to its average volume of 1,692,757. The company has a current ratio of 2.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 3.89 and a beta of 0.67. The firm's 50 day moving average price is $79.52 and its 200-day moving average price is $76.96.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.54. The business had revenue of $11.64 billion for the quarter, compared to analysts' expectations of $13.18 billion. Bunge Global had a net margin of 2.13% and a return on equity of 9.98%. The company's revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 EPS. On average, analysts forecast that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Tuesday, February 17th. Bunge Global's dividend payout ratio (DPR) is 35.53%.

Analyst Upgrades and Downgrades

BG has been the topic of a number of recent research reports. Stephens reduced their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Citigroup raised their price objective on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Bunge Global has a consensus rating of "Hold" and a consensus target price of $81.60.

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.