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

Oxford Asset Management LLP increased its stake in Bunge Global SA (NYSE:BG) by 220.7% in the 4th quarter, HoldingsChannel reports. The fund owned 8,713 shares of the basic materials company’s stock after acquiring 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 large investors also recently added to or reduced their stakes in BG. Spire Wealth Management purchased a new position in shares of Bunge Global in the 4th quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Bunge Global in the third quarter worth $34,000. Crews Bank & Trust purchased a new position in Bunge Global during the fourth quarter worth $39,000. R Squared Ltd bought a new position in Bunge Global during the fourth quarter valued at $45,000. Finally, Financial Perspectives Inc raised its stake in shares of Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 585 shares during the period. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BG shares. Citigroup upped their price target on shares of Bunge Global from $76.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, April 15th. Stephens cut their target price on Bunge Global from $110.00 to $105.00 in a research note on Monday, February 3rd. Bank of America decreased 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. Morgan Stanley cut their price objective on Bunge Global from $90.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Finally, Barclays lowered their target price on shares of Bunge Global from $95.00 to $85.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.60.

Bunge Global Stock Up 0.2 %

NYSE:BG opened at $80.99 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. Bunge Global SA has a 1-year low of $67.40 and a 1-year high of $114.92. The company has a 50-day moving average of $74.92 and a 200 day moving average of $80.00. The firm has a market cap of $10.85 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 2.66 and a beta of 0.59.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $2.13 earnings per share (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, research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

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.