WINTON GROUP Ltd Purchases New Stake in Bunge Global SA (NYSE:BG)

WINTON GROUP Ltd acquired a new position in Bunge Global SA (NYSE:BG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,116 shares of the basic materials company’s stock, valued at approximately $709,000.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Bunge Global by 8.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 283,530 shares of the basic materials company’s stock worth $21,911,000 after purchasing an additional 21,338 shares during the period. Korea Investment CORP lifted its position in Bunge Global by 108.4% in the 4th quarter. Korea Investment CORP now owns 106,708 shares of the basic materials company’s stock worth $8,298,000 after buying an additional 55,500 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Bunge Global by 3.9% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company’s stock valued at $351,000 after buying an additional 170 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Bunge Global during the 4th quarter valued at $219,000. Finally, Stevens Capital Management LP increased its stake in shares of Bunge Global by 411.6% in the fourth quarter. Stevens Capital Management LP now owns 11,271 shares of the basic materials company’s stock worth $876,000 after acquiring an additional 9,068 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on BG. Morgan Stanley reduced their price objective 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. Bank of America lowered their price target on Bunge Global from $105.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Barclays cut their price objective on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Finally, Stephens decreased their target price on shares of Bunge Global from $110.00 to $105.00 in a research report on Monday, February 3rd. Three 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.00.

Bunge Global Stock Performance

Shares of NYSE BG opened at $76.49 on Friday. The business’s 50-day simple moving average is $73.86 and its 200-day simple moving average is $82.98. Bunge Global SA has a 52 week low of $67.40 and a 52 week high of $114.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.27 and a current ratio of 2.15. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 2.66 and a beta of 0.67.

Bunge Global (NYSE:BG) last released its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. As a group, equities research analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

About Bunge Global

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.