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

Illinois Municipal Retirement Fund lifted its holdings in Bunge Global SA (NYSE:BG) by 69.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & 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’s holdings in Bunge Global were worth $7,721,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BG. Bank of New York Mellon Corp lifted its stake in Bunge Global by 5.2% in 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 acquiring an additional 41,884 shares in the last quarter. Blackhawk Capital Partners LLC. acquired a new position in shares of Bunge Global in the 4th quarter valued at about $292,000. Rothschild Investment LLC lifted its position in shares of Bunge Global by 1.9% in the fourth quarter. Rothschild Investment LLC now owns 14,129 shares of the basic materials company’s stock worth $1,099,000 after purchasing an additional 266 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Bunge Global by 17.0% during the fourth quarter. IFP Advisors Inc now owns 1,852 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 269 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Bunge Global during the fourth quarter valued at approximately $2,601,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

Bunge Global Trading Down 1.2 %

Shares of NYSE:BG opened at $73.35 on Thursday. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $9.83 billion, a PE ratio of 9.08, a P/E/G ratio of 2.66 and a beta of 0.69. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92. The firm has a fifty day moving average price of $75.90 and a 200 day moving average price of $86.71.

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

Wall Street Analyst Weigh In

BG has been the subject of a number of research analyst reports. Bank of America cut their target price 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 cut their price objective on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Morgan Stanley dropped their target price on 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. Finally, Barclays reduced their price target on 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 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’s stock. According to MarketBeat, Bunge Global presently has an average rating of “Moderate Buy” and an average target price 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.