Treasurer of the State of North Carolina Has $4.88 Million Holdings in Bunge Global SA (NYSE:BG)

Treasurer of the State of North Carolina lowered its position in Bunge Global SA (NYSE:BG - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,699 shares of the basic materials company's stock after selling 6,635 shares during the quarter. Treasurer of the State of North Carolina's holdings in Bunge Global were worth $4,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in Bunge Global by 9.5% during the 4th quarter. American Century Companies Inc. now owns 241,962 shares of the basic materials company's stock valued at $18,815,000 after purchasing an additional 20,942 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Bunge Global by 7.7% in the fourth 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 period. Franklin Resources Inc. lifted 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 buying an additional 39,646 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of Bunge Global by 39.6% during 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 period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Bunge Global by 12.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 37,744 shares of the basic materials company's stock worth $2,935,000 after buying an additional 4,296 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

BG stock traded up $2.53 during midday trading on Friday, reaching $78.91. The company had a trading volume of 1,583,532 shares, compared to its average volume of 1,587,402. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The stock has a 50 day moving average price of $73.91 and a 200-day moving average price of $80.38.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share for the quarter, missing analysts' consensus estimates 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 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.