State of Alaska Department of Revenue Boosts Stake in Bunge Global SA (NYSE:BG)

State of Alaska Department of Revenue raised its position in Bunge Global SA (NYSE:BG) by 68.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,919 shares of the basic materials company’s stock after purchasing an additional 17,100 shares during the quarter. State of Alaska Department of Revenue’s holdings in Bunge Global were worth $3,258,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its holdings in Bunge Global by 13,459.9% during the 4th quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock worth $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Bunge Global during the 3rd quarter valued at approximately $54,330,000. State Street Corp lifted its position in shares of Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares during the last quarter. SG Americas Securities LLC boosted its stake in Bunge Global by 173.5% in the fourth quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock valued at $23,537,000 after acquiring an additional 191,999 shares during the period. Finally, Mizuho Securities USA LLC grew its stake in Bunge Global by 1,585.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock worth $17,782,000 after buying an additional 173,082 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on BG. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays reduced 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 report on Thursday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.50.

Bunge Global Price Performance

NYSE BG opened at $69.61 on Monday. The business’s fifty day moving average is $79.34 and its two-hundred day moving average is $89.56. The stock has a market capitalization of $9.72 billion, a P/E ratio of 8.62 and a beta of 0.69. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.15.

Bunge Global (NYSE:BG) last announced 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 net margin of 2.14% and a return on equity of 11.73%. On average, research analysts forecast that Bunge Global SA will post 7.75 earnings per share for the current fiscal 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.