Bunge Global SA (NYSE:BG) Shares Acquired by Xponance Inc.

Xponance Inc. boosted its holdings in Bunge Global SA (NYSE:BG) by 30.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,057 shares of the basic materials company’s stock after buying an additional 10,956 shares during the quarter. Xponance Inc.’s holdings in Bunge Global were worth $4,750,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BG. Federated Hermes Inc. increased its stake in Bunge Global by 6.5% in the 4th quarter. Federated Hermes Inc. now owns 48,624 shares of the basic materials company’s stock worth $4,909,000 after purchasing an additional 2,967 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Bunge Global by 3.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,283 shares of the basic materials company’s stock worth $6,086,000 after acquiring an additional 1,907 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Bunge Global in the 4th quarter valued at approximately $262,000. SVB Wealth LLC boosted its stake in Bunge Global by 14.0% in the 4th quarter. SVB Wealth LLC now owns 2,127 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 262 shares during the period. Finally, Capital Analysts LLC grew its position in Bunge Global by 1.4% during the 4th quarter. Capital Analysts LLC now owns 88,102 shares of the basic materials company’s stock worth $8,894,000 after purchasing an additional 1,220 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Stock Performance

BG stock opened at $109.52 on Friday. The firm has a 50 day moving average of $97.89 and a two-hundred day moving average of $99.88. Bunge Global SA has a 12 month low of $86.10 and a 12 month high of $116.59. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 7.36 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 issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (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 prior year, the company posted $3.24 earnings per share. Bunge Global’s revenue for the quarter was down 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Bunge Global SA will post 9.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BG has been the subject of several recent analyst reports. Roth Mkm decreased their target price on Bunge Global from $161.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, February 5th. Barclays lowered their target price on Bunge Global from $125.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 23rd. Robert W. Baird reduced their price target 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. The Goldman Sachs Group decreased their price target on shares of Bunge Global from $141.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Finally, Citigroup upped their price objective on shares of Bunge Global from $108.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.