State of Tennessee Department of Treasury Boosts Holdings in Bunge Global SA (NYSE:BG)

State of Tennessee Department of Treasury grew its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,318 shares of the basic materials company's stock after buying an additional 8,691 shares during the quarter. State of Tennessee Department of Treasury owned 0.06% of Bunge Global worth $6,090,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. lifted its holdings in Bunge Global by 9.5% during the fourth quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock worth $18,815,000 after acquiring an additional 20,942 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Bunge Global by 7.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 3,879 shares of the basic materials company's stock valued at $302,000 after purchasing an additional 278 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company's stock worth $26,371,000 after purchasing an additional 39,646 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Bunge Global by 39.6% in the 4th quarter. Vontobel Holding Ltd. now owns 21,406 shares of the basic materials company's stock worth $1,665,000 after buying an additional 6,077 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Bunge Global by 12.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock valued at $2,935,000 after buying an additional 4,296 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BG. Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Citigroup lifted their price target on shares of Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Morgan Stanley reduced their price objective on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Barclays decreased their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.60.

Bunge Global Stock Performance

Shares of BG stock traded down $1.74 during trading on Wednesday, reaching $78.51. 356,723 shares of the company's stock traded hands, compared to its average volume of 1,685,331. The firm's 50-day moving average is $75.31 and its 200 day moving average is $79.66. The company has a market capitalization of $10.52 billion, a P/E ratio of 9.72, a PEG ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 1 year low of $67.40 and a 1 year 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 posted its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. Equities research analysts expect that Bunge Global SA will post 7.94 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.