Treasurer of the State of North Carolina Sells 6,635 Shares of Bunge Global SA (NYSE:BG)

Treasurer of the State of North Carolina lowered its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 62,699 shares of the basic materials company's stock after selling 6,635 shares during the period. Treasurer of the State of North Carolina's holdings in Bunge Global were worth $4,875,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BG. Spire Wealth Management purchased a new position in Bunge Global in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Bunge Global in the 3rd quarter worth approximately $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global in the fourth quarter worth approximately $39,000. R Squared Ltd bought a new stake in Bunge Global during the fourth quarter valued at approximately $45,000. Finally, Financial Perspectives Inc increased its holdings in Bunge Global by 585.0% during the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after buying an additional 585 shares during the last quarter. Hedge funds and other institutional investors own 86.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BG shares. Citigroup boosted their price objective on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday. Morgan Stanley reduced their price target on 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. Stephens lowered their price objective on Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Bank of America dropped their target price on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Finally, Barclays cut 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 report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Bunge Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.60.

Bunge Global Price Performance

Shares of Bunge Global stock traded up $2.53 during trading on Friday, reaching $78.91. 1,583,532 shares of the stock traded hands, compared to its average volume of 1,590,514. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 2.66 and a beta of 0.59. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $114.92. The business has a fifty day simple moving average of $73.73 and a two-hundred day simple moving average of $80.74.

Bunge Global (NYSE:BG - Get Free Report) last released 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 return on equity of 11.73% and a net margin of 2.14%. Sell-side analysts expect that Bunge Global SA will post 7.94 EPS for the current 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.