Bunge Global SA (NYSE:BG) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,523 shares of the basic materials company's stock after selling 9,954 shares during the quarter. California State Teachers Retirement System owned 0.13% of Bunge Global worth $13,027,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Spire Wealth Management acquired a new stake in Bunge Global in the 4th quarter worth about $26,000. Crews Bank & Trust purchased a new stake in Bunge Global in the fourth quarter valued at approximately $39,000. R Squared Ltd purchased a new stake in Bunge Global in the fourth quarter valued at approximately $45,000. Menard Financial Group LLC purchased a new stake in Bunge Global in the fourth quarter valued at approximately $47,000. Finally, Financial Perspectives Inc grew its stake in shares of Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after acquiring an additional 585 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stephens dropped their price target on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Citigroup upped their target price on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 15th. Bank of America cut their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Barclays cut their price target on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Finally, Morgan Stanley lowered their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $81.60.

Bunge Global Price Performance

Shares of BG stock traded down $1.56 during trading hours on Wednesday, hitting $74.71. The company's stock had a trading volume of 1,656,920 shares, compared to its average volume of 1,634,837. The business has a fifty day moving average of $77.80 and a 200-day moving average of $77.94. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 2.66 and a beta of 0.68. Bunge Global SA has a twelve month low of $67.40 and a twelve month high of $114.92. 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 (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The firm had revenue of $11.64 billion for the quarter, compared to analyst estimates of $13.18 billion. During the same quarter last year, the business earned $3.04 earnings per share. Bunge Global's revenue was down 13.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

Bunge Global Announces Dividend

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 given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.75%. Bunge Global's dividend payout ratio (DPR) is currently 35.53%.

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.