Bunge Global (NYSE:BG) Reaches New 1-Year Low – Here’s What Happened

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

Wall Street Analyst Weigh In

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a research note 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently 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 market cap of $10.90 billion, a PE ratio of 9.88 and a beta of 0.68. The business has a fifty day simple moving average of $85.68 and a two-hundred day simple moving average of $96.19. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Institutional Trading of Bunge Global

A number of hedge funds have recently bought and sold shares of the business. Raymond James & Associates grew its holdings in Bunge Global by 11.2% in the 2nd quarter. Raymond James & Associates now owns 36,355 shares of the basic materials company’s stock valued at $3,882,000 after buying an additional 3,671 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Bunge Global by 0.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,959 shares of the basic materials company’s stock valued at $4,800,000 after acquiring an additional 130 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of Bunge Global by 261.3% in the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 277 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Bunge Global by 1.7% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,220 shares of the basic materials company’s stock worth $1,625,000 after purchasing an additional 251 shares during the last quarter. Finally, Empirical Finance LLC acquired a new stake in Bunge Global during the second quarter worth about $615,000. Institutional investors and hedge funds 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.