Vontobel Holding Ltd. Increases Stake in Bunge Global SA (NYSE:BG)

Vontobel Holding Ltd. lifted its stake in Bunge Global SA (NYSE:BG - Free Report) by 39.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,406 shares of the basic materials company's stock after purchasing an additional 6,077 shares during the period. Vontobel Holding Ltd.'s holdings in Bunge Global were worth $1,665,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BG. Spire Wealth Management bought a new position in shares of Bunge Global in the fourth quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global during the third quarter valued at approximately $34,000. Crews Bank & Trust bought a new position in shares of Bunge Global in the fourth quarter worth approximately $39,000. Farther Finance Advisors LLC raised its position in shares of Bunge Global by 40.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 124 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Bunge Global during the 4th quarter valued at $45,000. 86.23% of the stock is owned by institutional investors.

Bunge Global Price Performance

Shares of BG stock traded up $1.86 on Friday, reaching $73.12. The company's stock had a trading volume of 2,081,319 shares, compared to its average volume of 1,637,953. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.69. The stock's fifty day simple moving average is $76.30 and its 200-day simple moving average is $87.24. The company has a current ratio of 2.15, a quick ratio of 1.27 and a debt-to-equity ratio of 0.43. Bunge Global SA has a 1 year low of $67.40 and a 1 year high of $114.92.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BG shares. Barclays decreased their price target on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Bank of America reduced their price objective on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley reduced their price target 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, Stephens dropped their price objective on shares of Bunge Global from $110.00 to $105.00 in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $93.00.

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.