Xponance Inc. Acquires 10,956 Shares of Bunge Global SA (NYSE:BG)

Xponance Inc. grew its position in shares of Bunge Global SA (NYSE:BG - Free Report) by 30.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,057 shares of the basic materials company's stock after buying an additional 10,956 shares during the period. Xponance Inc.'s holdings in Bunge Global were worth $4,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in Bunge Global by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,858 shares of the basic materials company's stock worth $1,979,000 after buying an additional 1,994 shares during the period. HighTower Advisors LLC purchased a new position in shares of Bunge Global in the first quarter valued at $494,000. Yousif Capital Management LLC raised its stake in shares of Bunge Global by 6.5% during the 1st quarter. Yousif Capital Management LLC now owns 8,767 shares of the basic materials company's stock valued at $971,000 after purchasing an additional 535 shares during the period. Prudential PLC purchased a new stake in Bunge Global during the 1st quarter worth about $530,000. Finally, Vanguard Group Inc. boosted its stake in Bunge Global by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 14,105,841 shares of the basic materials company's stock worth $1,563,069,000 after purchasing an additional 696,806 shares during the period. Institutional investors own 86.23% of the company's stock.

Bunge Global Price Performance

Shares of BG traded up $3.01 during midday trading on Friday, reaching $109.52. The stock had a trading volume of 2,625,066 shares, compared to its average volume of 1,248,817. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 7.36 and a beta of 0.64. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Bunge Global SA has a 12-month low of $86.10 and a 12-month high of $116.59. The company's 50-day moving average is $97.89 and its 200 day moving average is $99.85.

Bunge Global (NYSE:BG - Get Free Report) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.89. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.96 billion. Bunge Global had a return on equity of 18.30% and a net margin of 3.77%. Bunge Global's revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.24 earnings per share. On average, equities analysts predict that Bunge Global SA will post 9.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BG. HSBC upgraded Bunge Global from a "hold" rating to a "buy" rating and decreased their price target for the company from $122.00 to $105.00 in a research report on Friday, February 9th. Citigroup raised their price target on shares of Bunge Global from $108.00 to $117.00 and gave the company a "buy" rating in a report on Wednesday, April 3rd. StockNews.com cut shares of Bunge Global from a "buy" rating to a "hold" rating in a report on Monday, February 26th. Barclays dropped their price objective on Bunge Global from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, January 23rd. Finally, The Goldman Sachs Group decreased their target price on Bunge Global from $141.00 to $126.00 and set a "buy" rating on the stock in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.44.

Bunge Global 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.