Bunge Global (NYSE:BG) Sets New 12-Month Low – Time to Sell?

Bunge Global SA (NYSE:BG) hit a new 52-week low on Thursday . The stock traded as low as $78.97 and last traded at $79.13, with a volume of 1733246 shares changing hands. The stock had previously closed at $81.27.

Analysts Set New Price Targets

Separately, Stephens raised Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Stock Performance

The company has a market cap of $11.05 billion, a PE ratio of 10.02 and a beta of 0.68. The company’s fifty day moving average price is $87.96 and its 200 day moving average price is $97.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10.

Institutional Trading of Bunge Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its position in Bunge Global by 52.3% in the second quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 102 shares during the last quarter. Ballentine Partners LLC grew its position in Bunge Global by 2.0% during the second quarter. Ballentine Partners LLC now owns 5,761 shares of the basic materials company’s stock valued at $615,000 after buying an additional 111 shares during the period. Farther Finance Advisors LLC increased its holdings in 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 buying an additional 124 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bunge Global by 0.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,959 shares of the basic materials company’s stock worth $4,800,000 after acquiring an additional 130 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its stake in Bunge Global by 0.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after acquiring an additional 144 shares during the last quarter. 86.23% of the stock is owned by hedge funds and other 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.