Oregon Public Employees Retirement Fund Decreases Stock Position in Bunge Global SA (NYSE:BG)

Oregon Public Employees Retirement Fund reduced its holdings in shares of Bunge Global SA (NYSE:BG) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,979 shares of the basic materials company’s stock after selling 180 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Bunge Global were worth $931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of Bunge Global during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Bunge Global during the 3rd quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its stake in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Bunge Global during the 4th quarter valued at approximately $39,000. Finally, R Squared Ltd purchased a new position in shares of Bunge Global during the 4th quarter valued at approximately $45,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Global Price Performance

Shares of NYSE BG opened at $74.34 on Friday. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. 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 business’s fifty day moving average price is $75.71 and its two-hundred day moving average price is $86.39. The firm has a market capitalization of $9.96 billion, a PE ratio of 9.20, a P/E/G ratio of 2.66 and a beta of 0.69.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share 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%. On average, research analysts expect that Bunge Global SA will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Bank of America reduced their price objective on 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 reduced their price objective on 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. Morgan Stanley reduced their price objective on 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, Stephens reduced 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.