Oxford Asset Management LLP Increases Position in Bunge Global SA (NYSE:BG)

Oxford Asset Management LLP boosted its stake in Bunge Global SA (NYSE:BG - Free Report) by 220.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,713 shares of the basic materials company's stock after purchasing an additional 5,996 shares during the period. Oxford Asset Management LLP's holdings in Bunge Global were worth $678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BG. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Bunge Global by 3.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,512 shares of the basic materials company's stock valued at $351,000 after acquiring an additional 170 shares during the last quarter. Deseret Mutual Benefit Administrators raised its stake in shares of Bunge Global by 25.4% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 880 shares of the basic materials company's stock valued at $68,000 after acquiring an additional 178 shares during the last quarter. Allworth Financial LP raised its stake in shares of Bunge Global by 32.3% during the fourth quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock valued at $62,000 after acquiring an additional 194 shares during the last quarter. Abbot Financial Management Inc. raised its stake in shares of Bunge Global by 0.9% during the fourth quarter. Abbot Financial Management Inc. now owns 22,967 shares of the basic materials company's stock valued at $1,786,000 after acquiring an additional 205 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Bunge Global by 15.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,655 shares of the basic materials company's stock valued at $129,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Down 0.4 %

Shares of Bunge Global stock traded down $0.35 during trading hours on Tuesday, reaching $80.31. The company's stock had a trading volume of 734,696 shares, compared to its average volume of 1,565,986. 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 stock's fifty day simple moving average is $75.31 and its two-hundred day simple moving average is $79.66. The company has a market capitalization of $10.76 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.66 and a beta of 0.59. Bunge Global SA has a one year low of $67.40 and a one year high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. On average, research analysts forecast that Bunge Global SA will post 7.94 earnings per share for the current year.

Analyst Ratings Changes

BG has been the subject of several analyst reports. Stephens dropped their price target on shares of Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Barclays dropped their target price on shares of Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Morgan Stanley decreased their price target on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. Bank of America dropped their price objective on Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Citigroup lifted their target price on Bunge Global from $76.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Bunge Global currently has a consensus rating of "Moderate Buy" and an average target price of $85.60.

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.