Illinois Municipal Retirement Fund Acquires 29,218 Shares of Bunge Global SA (NYSE:BG)

Illinois Municipal Retirement Fund grew its holdings in Bunge Global SA (NYSE:BG) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,038 shares of the basic materials company’s stock after acquiring an additional 29,218 shares during the period. Illinois Municipal Retirement Fund owned 0.07% of Bunge Global worth $10,099,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Loomis Sayles & Co. L P raised its position in shares of Bunge Global by 169.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 146 shares during the period. Rise Advisors LLC raised its position in shares of Bunge Global by 40.6% during the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 117 shares during the period. Ramirez Asset Management Inc. bought a new stake in shares of Bunge Global during the 3rd quarter valued at $54,000. Harvest Fund Management Co. Ltd raised its position in shares of Bunge Global by 24.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 584 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 115 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Bunge Global during the 3rd quarter valued at $69,000. 86.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on BG shares. BMO Capital Markets reduced their price target on shares of Bunge Global from $130.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. The Goldman Sachs Group reduced their price target on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Citigroup lifted 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. Wolfe Research downgraded shares of Bunge Global from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 10th. Finally, Barclays reduced their price target on shares of Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and a consensus price target of $120.44.

Bunge Global Price Performance

BG stock opened at $109.62 on Wednesday. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $98.69 and a 200 day moving average price of $99.94. The stock has a market cap of $15.46 billion, a PE ratio of 7.36 and a beta of 0.64.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $3.70 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.89. Bunge Global had a net margin of 3.77% and a return on equity of 18.30%. The firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same period in the previous year, the company earned $3.24 EPS. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. Equities research analysts anticipate that Bunge Global SA will post 9.26 earnings per share for the current year.

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.