WINTON GROUP Ltd Decreases Stock Position in Bunge Global SA (NYSE:BG)

WINTON GROUP Ltd cut its holdings in Bunge Global SA (NYSE:BG) by 26.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,527 shares of the basic materials company’s stock after selling 887 shares during the period. WINTON GROUP Ltd’s holdings in Bunge Global were worth $270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SteelPeak Wealth LLC purchased a new position in Bunge Global in the 1st quarter valued at about $2,137,000. Avantax Advisory Services Inc. purchased a new position in Bunge Global in the 1st quarter valued at about $899,000. Chevy Chase Trust Holdings LLC lifted its holdings in Bunge Global by 2,975.7% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 80,460 shares of the basic materials company’s stock valued at $8,249,000 after purchasing an additional 77,844 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Bunge Global by 17.9% in the 1st quarter. Bleakley Financial Group LLC now owns 41,422 shares of the basic materials company’s stock valued at $4,247,000 after purchasing an additional 6,281 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in Bunge Global by 22,962.5% in the 1st quarter. AdvisorNet Financial Inc now owns 7,380 shares of the basic materials company’s stock valued at $757,000 after purchasing an additional 7,348 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and reduced their target price for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Bunge Global has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Trading Up 0.0 %

Shares of BG stock opened at $97.71 on Thursday. The firm has a market cap of $13.84 billion, a P/E ratio of 7.87 and a beta of 0.65. Bunge Global SA has a 1-year low of $86.10 and a 1-year high of $114.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.03 and a quick ratio of 0.97. The firm’s 50-day simple moving average is $102.33 and its 200-day simple moving average is $103.00.

Bunge Global (NYSE:BG) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.73 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.06). The company had revenue of $13.24 billion for the quarter, compared to analysts’ expectations of $14.30 billion. Bunge Global had a return on equity of 14.84% and a net margin of 2.33%. The company’s revenue was down 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.72 earnings per share. As a group, equities analysts forecast that Bunge Global SA will post 9.3 EPS for the current 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.