New York State Teachers Retirement System Purchases 15,675 Shares of Bunge Global SA (NYSE:BG)

New York State Teachers Retirement System lifted its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,620 shares of the basic materials company's stock after buying an additional 15,675 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Bunge Global worth $15,508,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Loomis Sayles & Co. L P grew its holdings in Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 146 shares during the period. Country Trust Bank grew its holdings in Bunge Global by 533.3% in the third quarter. Country Trust Bank now owns 304 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 256 shares during the period. Pinnacle Holdings LLC purchased a new stake in Bunge Global in the first quarter valued at approximately $36,000. Rise Advisors LLC grew its holdings in Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 117 shares during the period. Finally, First Manhattan CO. LLC. purchased a new stake in Bunge Global in the first quarter valued at approximately $48,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Stock Up 0.6 %

Shares of BG stock traded up $0.60 on Wednesday, hitting $107.66. The stock had a trading volume of 1,192,066 shares, compared to its average volume of 1,756,631. The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of 7.23 and a beta of 0.64. The stock's 50 day moving average is $95.56 and its 200-day moving average is $100.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 2.13. Bunge Global SA has a 52-week low of $86.10 and a 52-week high of $116.59.

Bunge Global (NYSE:BG - Get Free Report) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.89. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The business's quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.24 earnings per share. As a group, research analysts expect that Bunge Global SA will post 9.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. HSBC upgraded shares of Bunge Global from a "hold" rating to a "buy" rating and lowered their target price for the company from $122.00 to $105.00 in a report on Friday, February 9th. Roth Mkm reduced their price target on shares of Bunge Global from $161.00 to $138.00 and set a "buy" rating on the stock in a research report on Monday, February 5th. StockNews.com lowered shares of Bunge Global from a "buy" rating to a "hold" rating in a research report on Monday, February 26th. Wolfe Research lowered shares of Bunge Global from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 10th. Finally, Citigroup increased their price objective on shares of Bunge Global from $108.00 to $117.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.44.

About Bunge Global

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.