State of New Jersey Common Pension Fund D Lowers Stake in Bunge Global SA (NYSE:BG)

State of New Jersey Common Pension Fund D lessened its holdings in Bunge Global SA (NYSE:BG) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,922 shares of the basic materials company’s stock after selling 1,435 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Bunge Global were worth $3,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Bunge Global by 40.1% in the third 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 in the last quarter. NorthCrest Asset Manangement LLC raised its position in Bunge Global by 0.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock worth $2,305,000 after acquiring an additional 144 shares during the period. Caprock Group LLC lifted its holdings in Bunge Global by 2.2% during the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 164 shares in the last quarter. Deseret Mutual Benefit Administrators grew its position in shares of Bunge Global by 31.0% in the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 166 shares during the period. Finally, Patton Albertson Miller Group LLC increased its stake in shares of Bunge Global by 0.3% during the third quarter. Patton Albertson Miller Group LLC now owns 56,444 shares of the basic materials company’s stock worth $5,455,000 after purchasing an additional 188 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Price Performance

BG stock opened at $70.28 on Thursday. 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 firm has a market capitalization of $9.81 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 2.57 and a beta of 0.69. The business has a 50 day simple moving average of $76.74 and a 200-day simple moving average of $87.51.

Bunge Global (NYSE:BG) last issued its 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 net margin of 2.14% and a return on equity of 11.73%. Equities research analysts anticipate that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BG. Barclays decreased their price target 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. Bank of America decreased their target price on Bunge Global from $105.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley dropped 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. Finally, Stephens reduced their price objective on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and a consensus 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.