Vontobel Holding Ltd. Buys 6,687 Shares of Bunge Global SA (NYSE:BG)

Vontobel Holding Ltd. boosted its stake in shares of Bunge Global SA (NYSE:BG) by 51.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,575 shares of the basic materials company’s stock after purchasing an additional 6,687 shares during the quarter. Vontobel Holding Ltd.’s holdings in Bunge Global were worth $1,976,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P grew its holdings in Bunge Global by 169.8% in the third quarter. Loomis Sayles & Co. L P now owns 232 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 146 shares during the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of Bunge Global during the 1st quarter valued at $36,000. Rise Advisors LLC boosted its position in shares of Bunge Global by 40.6% in the 4th quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 117 shares in the last quarter. First Manhattan CO. LLC. purchased a new position in Bunge Global during the 1st quarter worth $48,000. Finally, Ramirez Asset Management Inc. acquired a new position in Bunge Global during the 3rd quarter valued at about $54,000. Institutional investors own 86.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BG. Wolfe Research cut Bunge Global from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 10th. Robert W. Baird decreased their price objective on shares of Bunge Global from $125.00 to $108.00 and set a “neutral” rating for the company in a research report on Tuesday, January 23rd. Roth Mkm dropped their target price on shares of Bunge Global from $161.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. HSBC upgraded shares of Bunge Global from a “hold” rating to a “buy” rating and cut their price target for the company from $122.00 to $105.00 in a research note on Friday, February 9th. Finally, Citigroup lifted their price objective on shares of Bunge Global from $108.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.44.

Bunge Global Stock Performance

Shares of NYSE BG opened at $109.55 on Friday. The company has a 50 day simple moving average of $97.89 and a two-hundred day simple moving average of $99.92. The stock has a market cap of $15.45 billion, a price-to-earnings ratio of 7.36 and a beta of 0.64. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.96 billion. During the same period in the previous year, the firm posted $3.24 earnings per share. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. As a group, analysts predict that Bunge Global SA will post 9.36 earnings per share 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.