California Public Employees Retirement System Cuts Position in Bunge Global SA (NYSE:BG)

California Public Employees Retirement System cut its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,412 shares of the basic materials company's stock after selling 14,827 shares during the quarter. California Public Employees Retirement System owned 0.18% of Bunge Global worth $19,861,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management bought a new stake in Bunge Global in the fourth quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the third quarter valued at $34,000. Crews Bank & Trust bought a new stake in Bunge Global in the fourth quarter valued at $39,000. R Squared Ltd acquired a new position in shares of Bunge Global during the fourth quarter valued at about $45,000. Finally, Financial Perspectives Inc boosted its position in shares of Bunge Global by 585.0% during the 4th quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock worth $53,000 after purchasing an additional 585 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

Bunge Global Price Performance

NYSE:BG traded down $1.10 during midday trading on Tuesday, hitting $70.74. The company had a trading volume of 362,399 shares, compared to its average volume of 1,736,276. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43. The stock's fifty day moving average price is $73.55 and its 200-day moving average price is $81.97. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The company has a market capitalization of $9.48 billion, a PE ratio of 8.75, a P/E/G ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 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%. As a group, research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target 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. Barclays reduced their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Stephens reduced their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Finally, Bank of America dropped their target price on 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 equities 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.00.

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.