Bunge Global SA (NYSE:BG) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System increased its position in Bunge Global SA (NYSE:BG - Free Report) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 275,634 shares of the basic materials company's stock after buying an additional 34,566 shares during the quarter. California Public Employees Retirement System owned 0.19% of Bunge Global worth $27,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its position in Bunge Global by 169.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company's stock valued at $25,000 after buying an additional 146 shares during the last quarter. Rise Advisors LLC lifted its position in Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company's stock worth $41,000 after buying an additional 117 shares during the last quarter. Ramirez Asset Management Inc. purchased a new position in Bunge Global in the 3rd quarter worth approximately $54,000. Harvest Fund Management Co. Ltd increased its stake in Bunge Global by 24.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company's stock worth $63,000 after purchasing an additional 115 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Bunge Global in the 3rd quarter worth approximately $69,000. Institutional investors and hedge funds own 86.23% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on BG. Citigroup lifted their price target on Bunge Global from $117.00 to $122.00 and gave the company a "buy" rating in a research report on Thursday. StockNews.com cut Bunge Global from a "buy" rating to a "hold" rating in a research report on Monday, February 26th. Robert W. Baird dropped their price objective on Bunge Global from $125.00 to $108.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 23rd. BMO Capital Markets lowered their target price on Bunge Global from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, February 8th. Finally, HSBC raised Bunge Global from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $122.00 to $105.00 in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Bunge Global Price Performance

BG traded down $1.33 on Friday, hitting $102.73. 1,396,034 shares of the company's stock traded hands, compared to its average volume of 1,513,137. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 8.27 and a beta of 0.64. The company's 50 day simple moving average is $99.50 and its 200-day simple moving average is $99.94. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Bunge Global SA has a one year low of $86.10 and a one year high of $116.59.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $13.42 billion during the quarter, compared to analysts' expectations of $13.96 billion. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The firm's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.26 EPS. As a group, research analysts anticipate that Bunge Global SA will post 9.03 EPS for the current year.

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.