Bunge Global (NYSE:BG) Hits New 12-Month Low – Here’s What Happened

Shares of 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 upgraded shares of Bunge Global to a “strong-buy” rating in a research note on Monday, December 2nd. Four 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 stock. According to MarketBeat.com, Bunge Global has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

The company’s fifty day simple moving average is $83.73 and its 200 day simple moving average is $94.61. The stock has a market capitalization of $11.35 billion, a P/E ratio of 10.29 and a beta of 0.70. 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 Inflows and Outflows

Several institutional investors have recently modified their holdings of BG. Farther Finance Advisors LLC grew its stake in Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock worth $42,000 after buying an additional 124 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Bunge Global by 0.6% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock worth $2,305,000 after acquiring an additional 144 shares during the last quarter. V Square Quantitative Management LLC grew its position in Bunge Global by 3.7% in the third quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 156 shares in the last quarter. Caprock Group LLC increased its stake in Bunge Global by 2.2% in the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after acquiring an additional 164 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its position in Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 166 shares in the last quarter. 86.23% of the stock is currently 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.