Bunge Global (NYSE:BG) Hits New 52-Week Low – What’s Next?

Bunge Global SA (NYSE:BG) hit a new 52-week low during trading on Wednesday . The company traded as low as $76.13 and last traded at $76.25, with a volume of 123036 shares trading hands. The stock had previously closed at $77.81.

Wall Street Analysts Forecast Growth

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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Stock Up 5.1 %

The stock has a market cap of $11.35 billion, a P/E ratio of 10.29 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $83.73 and a two-hundred day simple moving average of $94.61.

Institutional Trading of Bunge Global

Several large investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Bunge Global by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 177,218 shares of the basic materials company’s stock worth $17,126,000 after buying an additional 4,733 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Bunge Global by 5.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 29,983 shares of the basic materials company’s stock worth $2,898,000 after acquiring an additional 1,660 shares during the period. Franklin Resources Inc. boosted its holdings in Bunge Global by 16.9% in the third quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after acquiring an additional 39,646 shares in the last quarter. Synovus Financial Corp increased its position in Bunge Global by 16.5% during the 3rd quarter. Synovus Financial Corp now owns 5,124 shares of the basic materials company’s stock valued at $495,000 after purchasing an additional 724 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Bunge Global in the 3rd quarter worth $34,000. 86.23% of the stock is owned by institutional investors.

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.