New York State Common Retirement Fund Sells 4,500 Shares of Bunge Global SA (NYSE:BG)

New York State Common Retirement Fund decreased its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,895 shares of the basic materials company's stock after selling 4,500 shares during the quarter. New York State Common Retirement Fund's holdings in Bunge Global were worth $5,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BG. Spire Wealth Management bought a new position in Bunge Global during the fourth quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in Bunge Global during the third quarter valued at $34,000. Crews Bank & Trust bought a new position in Bunge Global during the fourth quarter valued at $39,000. Farther Finance Advisors LLC lifted its position in Bunge Global by 40.1% during the third 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 last quarter. Finally, R Squared Ltd bought a new position in Bunge Global during the fourth quarter valued at $45,000. Institutional investors own 86.23% of the company's stock.

Wall Street Analysts Forecast Growth

BG has been the subject of several research reports. Bank of America lowered their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a research report on Tuesday, February 11th. Stephens reduced their target price on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Morgan Stanley reduced their target price on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Barclays reduced their target price on shares of 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. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $93.00.

Bunge Global Trading Down 3.3 %

BG stock traded down $2.45 during trading on Monday, hitting $71.74. The company had a trading volume of 909,963 shares, compared to its average volume of 1,489,373. The firm has a market capitalization of $9.61 billion, a P/E ratio of 8.86, 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 company has a 50 day simple moving average of $75.71 and a 200-day simple moving average of $86.32. The company has a quick ratio of 1.27, a current ratio of 2.15 and a debt-to-equity ratio of 0.43.

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 forecast that Bunge Global SA will post 7.94 earnings per share 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.