Strs Ohio Has $26.58 Million Holdings in Bunge Global SA (NYSE:BG)

Strs Ohio increased its position in shares of Bunge Global SA (NYSE:BG) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 263,339 shares of the basic materials company’s stock after acquiring an additional 3,905 shares during the quarter. Strs Ohio’s holdings in Bunge Global were worth $26,584,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BG. Loomis Sayles & Co. L P raised its holdings in shares of Bunge Global by 169.8% during the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 146 shares during the period. Pinnacle Holdings LLC acquired a new stake in shares of Bunge Global during the first quarter valued at approximately $36,000. Rise Advisors LLC raised its holdings in shares of Bunge Global by 40.6% during the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 117 shares during the period. First Manhattan CO. LLC. acquired a new stake in shares of Bunge Global during the first quarter valued at approximately $48,000. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of Bunge Global during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Stock Performance

Shares of BG opened at $103.93 on Tuesday. The company’s fifty day moving average is $96.44 and its 200-day moving average is $99.85. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 6.98 and a beta of 0.64. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.35.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.89. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. Bunge Global’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.24 EPS. Equities analysts expect that Bunge Global SA will post 9.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Bunge Global from $108.00 to $117.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Roth Mkm dropped their price objective on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Wolfe Research lowered shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 10th. Robert W. Baird dropped their price objective on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 23rd. Finally, StockNews.com lowered shares of Bunge Global from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.44.

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.