WINTON GROUP Ltd Has $1.70 Million Stock Position in Bunge Global SA $BG

WINTON GROUP Ltd boosted its position in Bunge Global SA (NYSE:BG) by 233.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,132 shares of the basic materials company’s stock after buying an additional 14,794 shares during the period. WINTON GROUP Ltd’s holdings in Bunge Global were worth $1,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cromwell Holdings LLC increased its holdings in shares of Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 334 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Bunge Global in the 2nd quarter worth $29,000. SVB Wealth LLC acquired a new stake in Bunge Global in the 1st quarter valued at $38,000. Caitong International Asset Management Co. Ltd grew its position in Bunge Global by 197.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 341 shares during the period. Finally, Brooklyn Investment Group increased its stake in Bunge Global by 44.8% during the 1st quarter. Brooklyn Investment Group now owns 828 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BG shares. BMO Capital Markets raised their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Stephens upped their target price on shares of Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Bank of America lifted their price target on Bunge Global from $95.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. CICC Research boosted their price objective on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average target price of $106.00.

Insider Buying and Selling

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total value of $2,387,561.00. Following the transaction, the vice president owned 104,537 shares of the company’s stock, valued at approximately $9,865,156.69. The trade was a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Bunge Global Trading Down 0.5%

Shares of BG stock opened at $91.43 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.66. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.40 and a beta of 0.79. Bunge Global SA has a 52-week low of $67.40 and a 52-week high of $99.55. The company has a 50-day simple moving average of $92.68 and a two-hundred day simple moving average of $84.55.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.23 by $0.04. The firm had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $22.46 billion. Bunge Global had a net margin of 2.20% and a return on equity of 9.06%. The company’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. Research analysts anticipate that Bunge Global SA will post 7.94 EPS 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.