Bunge Global SA (NYSE:BG – Get Free Report) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $116.33.
BG has been the subject of a number of research reports. Barclays downgraded shares of Bunge Global from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $115.00 to $95.00 in a report on Tuesday, January 21st. Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd.
Read Our Latest Report on Bunge Global
Bunge Global Stock Down 1.9 %
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management bought a new stake in shares of Bunge Global in the fourth quarter worth $26,000. Capital Insight Partners LLC increased its position in Bunge Global by 9.2% in the 4th quarter. Capital Insight Partners LLC now owns 9,185 shares of the basic materials company’s stock valued at $714,000 after buying an additional 775 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in Bunge Global by 6.9% in the 4th quarter. Mediolanum International Funds Ltd now owns 70,403 shares of the basic materials company’s stock valued at $5,400,000 after acquiring an additional 4,560 shares in the last quarter. Crews Bank & Trust purchased a new position in Bunge Global during the 4th quarter worth $39,000. Finally, Swedbank AB grew its holdings in shares of Bunge Global by 17.6% in the fourth quarter. Swedbank AB now owns 168,728 shares of the basic materials company’s stock valued at $13,120,000 after acquiring an additional 25,194 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.
Bunge Global Company 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.
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