Bunge Global (NYSE:BG) Hits New 1-Year Low – What’s Next?

Shares of Bunge Global SA (NYSE:BG) reached a new 52-week low on Friday . The company traded as low as $77.52 and last traded at $79.08, with a volume of 112502 shares trading hands. The stock had previously closed at $78.06.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Bunge Global Stock Up 0.0 %

The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 9.88 and a beta of 0.68. The company has a 50-day moving average of $85.68 and a 200-day moving average of $96.19.

Institutional Investors Weigh In On Bunge Global

Large investors have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new stake in Bunge Global during the 2nd quarter worth about $28,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Bunge Global by 185.2% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the third quarter valued at $34,000. Ashton Thomas Private Wealth LLC purchased a new position in Bunge Global in the second quarter valued at $40,000. Finally, Atlas Capital Advisors LLC boosted its stake in shares of Bunge Global by 261.3% during the 2nd quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 86.23% of the company’s stock.

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.