Illinois Municipal Retirement Fund Has $7.72 Million Stake in Bunge Global SA (NYSE:BG)

Illinois Municipal Retirement Fund boosted its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 69.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,292 shares of the basic materials company's stock after buying an additional 40,586 shares during the period. Illinois Municipal Retirement Fund owned about 0.07% of Bunge Global worth $7,721,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB increased its stake in shares of Bunge Global by 59.3% during the 3rd quarter. AMF Tjanstepension AB now owns 106,384 shares of the basic materials company's stock worth $10,281,000 after purchasing an additional 39,600 shares during the last quarter. Blue Trust Inc. grew its position in Bunge Global by 121.5% in the 3rd quarter. Blue Trust Inc. now owns 658 shares of the basic materials company's stock worth $70,000 after purchasing an additional 361 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Bunge Global during the 3rd quarter worth approximately $348,000. Assenagon Asset Management S.A. boosted its position in shares of Bunge Global by 10.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 33,448 shares of the basic materials company's stock valued at $3,232,000 after acquiring an additional 3,185 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Bunge Global by 24.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,915 shares of the basic materials company's stock valued at $1,458,000 after buying an additional 2,926 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BG has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Bank of America cut 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 note on Tuesday, February 11th. Barclays cut their price objective on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Stephens dropped their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global Price Performance

Shares of BG traded up $1.09 during trading hours on Friday, hitting $74.34. 2,340,551 shares of the company were exchanged, compared to its average volume of 1,632,245. 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 company has a market cap of $9.96 billion, a price-to-earnings ratio of 9.20, a P/E/G ratio of 2.66 and a beta of 0.69. The firm's fifty day moving average is $75.71 and its 200 day moving average is $86.39. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued 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 net margin of 2.14% and a return on equity of 11.73%. On average, equities analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

About Bunge Global

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.