Axa S.A. Has $6.52 Million Holdings in Bunge Global SA (NYSE:BG)

AXA S.A. cut its holdings in Bunge Global SA (NYSE:BG - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,801 shares of the basic materials company's stock after selling 3,301 shares during the quarter. AXA S.A. owned about 0.06% of Bunge Global worth $6,516,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BG. DoubleLine ETF Adviser LP grew its stake in shares of Bunge Global by 2.4% during the 4th quarter. DoubleLine ETF Adviser LP now owns 7,913 shares of the basic materials company's stock worth $615,000 after acquiring an additional 183 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Bunge Global during the 4th quarter worth about $222,000. Northern Trust Corp grew its holdings in shares of Bunge Global by 5.0% in the 4th quarter. Northern Trust Corp now owns 2,368,399 shares of the basic materials company's stock valued at $184,167,000 after acquiring an additional 112,333 shares in the last quarter. Oxford Asset Management LLP increased its position in shares of Bunge Global by 220.7% in the fourth quarter. Oxford Asset Management LLP now owns 8,713 shares of the basic materials company's stock valued at $678,000 after acquiring an additional 5,996 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Bunge Global in the fourth quarter valued at about $14,077,000. 86.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BG has been the subject of a number of analyst reports. Barclays decreased their price target on 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. Stephens lowered their target price on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Thursday. Bank of America cut their price target on shares of 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 lowered their price objective on shares of Bunge Global from $90.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 11th. Finally, Citigroup raised their target price on shares of Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $81.60.

Bunge Global Stock Performance

NYSE:BG traded up $1.16 during mid-day trading on Monday, hitting $78.51. 276,020 shares of the stock were exchanged, compared to its average volume of 1,590,564. 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 firm's 50-day simple moving average is $76.05 and its 200 day simple moving average is $78.77. Bunge Global SA has a fifty-two week low of $67.40 and a fifty-two week high of $114.92. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.27 by $0.54. Bunge Global had a net margin of 2.14% and a return on equity of 11.73%. The business had revenue of $11.64 billion for the quarter, compared to the consensus estimate of $13.18 billion. During the same period in the prior year, the company posted $3.04 earnings per share. Bunge Global's revenue was down 13.2% compared to the same quarter last year. As a group, equities 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.