Bunge Global (NYSE:BG) Reaches New 1-Year Low – Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Bunge Global Stock Performance

The stock has a market capitalization of $10.70 billion, a P/E ratio of 9.70 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 moving average price of $84.04 and a two-hundred day moving average price of $94.85.

Institutional Trading of Bunge Global

A number of institutional investors have recently made changes to their positions in BG. Principal Financial Group Inc. lifted its position in shares of 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 purchasing an additional 4,733 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in Bunge Global by 5.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,983 shares of the basic materials company’s stock valued at $2,898,000 after acquiring an additional 1,660 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Bunge Global by 16.9% in the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock worth $26,371,000 after acquiring an additional 39,646 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Bunge Global by 16.5% in 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 stake in shares of Bunge Global during the third quarter valued at approximately $34,000. Hedge funds and other institutional investors 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.