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

Arizona State Retirement System grew its stake in shares of Bunge Global SA (NYSE:BG) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 41,143 shares of the basic materials company’s stock after buying an additional 576 shares during the period. Arizona State Retirement System’s holdings in Bunge Global were worth $3,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BG. Spire Wealth Management acquired a new position in Bunge Global during the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global in the 3rd quarter valued at about $34,000. Crews Bank & Trust acquired a new position in shares of Bunge Global during the 4th quarter worth about $39,000. Farther Finance Advisors LLC raised its holdings in shares of Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares during the period. Finally, R Squared Ltd acquired a new stake in Bunge Global in the 4th quarter valued at about $45,000. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

BG has been the topic of several research analyst reports. Barclays dropped their price objective on Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Stephens dropped their price target on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley cut their price target 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. Finally, Bank of America decreased their price objective on shares of Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Bunge Global Stock Performance

NYSE:BG opened at $75.68 on Monday. The stock has a 50 day simple moving average of $75.16 and a 200 day simple moving average of $85.51. The stock has a market cap of $10.14 billion, a P/E ratio of 9.37, a PEG ratio of 2.66 and a beta of 0.67. 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) last posted its 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%. Research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Company 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.