National Pension Service Has $4.45 Million Stake in Bunge Global SA (NYSE:BG)

National Pension Service reduced its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 81.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,254 shares of the basic materials company's stock after selling 253,363 shares during the period. National Pension Service's holdings in Bunge Global were worth $4,452,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BG. Illinois Municipal Retirement Fund raised its stake in Bunge Global by 69.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 99,292 shares of the basic materials company's stock worth $7,721,000 after purchasing an additional 40,586 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Bunge Global by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 840,587 shares of the basic materials company's stock worth $65,364,000 after buying an additional 41,884 shares during the last quarter. Blackhawk Capital Partners LLC. purchased a new position in shares of Bunge Global in the 4th quarter worth $292,000. Rothschild Investment LLC boosted its holdings in Bunge Global by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 14,129 shares of the basic materials company's stock valued at $1,099,000 after acquiring an additional 266 shares during the last quarter. Finally, IFP Advisors Inc grew its position in Bunge Global by 17.0% during the fourth quarter. IFP Advisors Inc now owns 1,852 shares of the basic materials company's stock valued at $144,000 after acquiring an additional 269 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BG has been the topic of a number of research reports. Bank of America cut their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Stephens cut their price target on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 11th. Finally, Barclays dropped 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 research report on Thursday, February 6th. Three investment 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $93.00.

Bunge Global Stock Up 0.0 %

Shares of NYSE:BG traded up $0.02 during mid-day trading on Wednesday, hitting $71.72. 1,406,653 shares of the company traded hands, compared to its average volume of 1,490,140. The firm has a market cap of $9.61 billion, a P/E ratio of 8.88, a PEG ratio of 2.66 and a beta of 0.69. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The firm's 50 day simple moving average is $75.42 and its 200 day simple moving average is $85.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15.

Bunge Global (NYSE:BG - Get Free Report) 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 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 EPS 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.