Bunge Global (NYSE:BG) Reaches New 52-Week Low – Here’s What Happened

Shares of Bunge Global SA (NYSE:BG) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $75.72 and last traded at $76.13, with a volume of 966407 shares trading hands. The stock had previously closed at $77.65.

Analyst Upgrades and Downgrades

Several research analysts have commented on BG shares. Stephens upgraded shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays downgraded shares of Bunge Global from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $115.00 to $95.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.33.

Bunge Global Stock Performance

The stock’s fifty day simple moving average is $81.30 and its 200-day simple moving average is $91.50. 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 market capitalization of $10.63 billion, a PE ratio of 9.64 and a beta of 0.70.

Institutional Investors Weigh In On Bunge Global

A number of large investors have recently bought and sold shares of BG. Spire Wealth Management acquired a new position in shares of Bunge Global in the fourth quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in Bunge Global in the 3rd quarter valued at $34,000. Crews Bank & Trust purchased a new position in shares of Bunge Global during the 4th quarter worth $39,000. Farther Finance Advisors LLC boosted its holdings in shares of Bunge Global by 40.1% during the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 124 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Bunge Global in the fourth quarter valued at $45,000. 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.