Louisiana State Employees Retirement System Invests $888,000 in Bunge Global SA (NYSE:BG)

Louisiana State Employees Retirement System purchased a new stake in Bunge Global SA (NYSE:BG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,800 shares of the basic materials company's stock, valued at approximately $888,000.

Other hedge funds have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted 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 acquiring an additional 146 shares during the last quarter. Rise Advisors LLC boosted 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 acquiring an additional 117 shares during the last quarter. Ramirez Asset Management Inc. bought a new position in Bunge Global in the third quarter valued at about $54,000. Harvest Fund Management Co. Ltd boosted its holdings in Bunge Global by 24.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company's stock valued at $63,000 after acquiring an additional 115 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Bunge Global in the third quarter valued at about $69,000. Institutional investors own 86.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BG shares. HSBC upgraded Bunge Global from a "hold" rating to a "buy" rating and decreased their price target for the company from $122.00 to $105.00 in a report on Friday, February 9th. Roth Mkm reduced their target price on Bunge Global from $161.00 to $138.00 and set a "buy" rating on the stock in a report on Monday, February 5th. Citigroup raised their target price on Bunge Global from $117.00 to $122.00 and gave the stock a "buy" rating in a report on Thursday. Wolfe Research cut Bunge Global from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 10th. Finally, The Goldman Sachs Group reduced their target price on Bunge Global from $141.00 to $126.00 and set a "buy" rating on the stock in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.00.

Bunge Global Stock Down 1.3 %

Shares of NYSE:BG traded down $1.37 during trading on Friday, hitting $102.69. 1,395,983 shares of the company's stock traded hands, compared to its average volume of 1,765,924. Bunge Global SA has a 52 week low of $86.10 and a 52 week high of $116.59. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 8.27 and a beta of 0.64. The company has a 50-day moving average price of $99.50 and a 200-day moving average price of $99.99.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.49. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The business had revenue of $13.42 billion for the quarter, compared to analysts' expectations of $13.96 billion. During the same quarter in the previous year, the business posted $3.26 EPS. Bunge Global's revenue for the quarter was down 12.5% on a year-over-year basis. As a group, research analysts forecast that Bunge Global SA will post 9 EPS for the current fiscal 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.