Arizona State Retirement System Has $3.20 Million Stock Holdings in Bunge Global SA (NYSE:BG)

Arizona State Retirement System raised its holdings in shares of Bunge Global SA (NYSE:BG) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 41,143 shares of the basic materials company’s stock after acquiring an additional 576 shares during the period. Arizona State Retirement System’s holdings in Bunge Global were worth $3,199,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in Bunge Global by 13,459.9% in the fourth quarter. Pacer Advisors Inc. now owns 2,956,459 shares of the basic materials company’s stock valued at $229,894,000 after purchasing an additional 2,934,656 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of Bunge Global in the 3rd quarter valued at about $54,330,000. State Street Corp raised 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 valued at $681,467,000 after acquiring an additional 500,897 shares during the period. SG Americas Securities LLC boosted its stake in Bunge Global by 173.5% during the 4th quarter. SG Americas Securities LLC now owns 302,692 shares of the basic materials company’s stock worth $23,537,000 after acquiring an additional 191,999 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its holdings in Bunge Global by 1,585.3% during the third quarter. Mizuho Securities USA LLC now owns 184,000 shares of the basic materials company’s stock valued at $17,782,000 after purchasing an additional 173,082 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BG. Stephens cut their target price on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley reduced their target price on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Bank of America lowered their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, February 11th. Finally, Barclays cut their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus target price of $93.00.

Bunge Global Price Performance

BG stock opened at $75.68 on Monday. The stock has a 50-day moving average price of $75.16 and a two-hundred day moving average price of $85.51. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The stock has a market cap of $10.14 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 2.66 and a beta of 0.67. 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) last posted its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (EPS) 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 analysts forecast that Bunge Global SA will post 7.94 EPS 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.