Zurcher Kantonalbank Zurich Cantonalbank Has $3.71 Million Stake in Bunge Global SA (NYSE:BG)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Bunge Global SA (NYSE:BG) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,702 shares of the basic materials company’s stock after buying an additional 1,406 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bunge Global were worth $3,709,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BG. Caprock Group LLC grew its stake in Bunge Global by 2.2% in the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after buying an additional 164 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Bunge Global by 25.4% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 178 shares during the period. Patton Albertson Miller Group LLC lifted its position in shares of Bunge Global by 0.3% during the 3rd 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 during the last quarter. Allworth Financial LP boosted its stake in Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 194 shares during the period. Finally, Abbot Financial Management Inc. grew its holdings in Bunge Global by 0.9% in the 4th quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company’s stock valued at $1,786,000 after buying an additional 205 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Analyst Upgrades and Downgrades

BG has been the subject of a number of research analyst reports. Stephens cut their price target on Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Barclays reduced their price target on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Morgan Stanley dropped their price objective on shares of Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Finally, Bank of America reduced 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 note on Tuesday, February 11th. Three investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Stock Up 0.6 %

BG opened at $74.01 on Friday. The company has a market capitalization of $9.92 billion, a P/E ratio of 9.16, a P/E/G ratio of 2.66 and a beta of 0.67. 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’s fifty day moving average price is $74.84 and its two-hundred day moving average price is $84.74. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92.

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 net margin of 2.14% and a return on equity of 11.73%. On average, analysts anticipate that Bunge Global SA will post 7.94 EPS for the current year.

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.