Bunge Global (NYSE:BG) Reaches New 12-Month Low - Here's Why

Bunge Global SA (NYSE:BG - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $77.52 and last traded at $79.08, with a volume of 112502 shares changing hands. The stock had previously closed at $78.06.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded shares of Bunge Global to a "strong-buy" rating in a report 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 assigned a strong buy rating to the company. According to MarketBeat.com, Bunge Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

Bunge Global Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The company's 50 day moving average is $85.68 and its 200 day moving average is $96.25. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 9.88 and a beta of 0.68.

Hedge Funds Weigh In On Bunge Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in Bunge Global by 11.2% in the 2nd quarter. Raymond James & Associates now owns 36,355 shares of the basic materials company's stock valued at $3,882,000 after buying an additional 3,671 shares during the period. 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 purchasing an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Bunge Global by 46.5% during the second quarter. Crossmark Global Holdings Inc. now owns 16,798 shares of the basic materials company's stock worth $1,793,000 after purchasing an additional 5,329 shares during the period. Atlas Capital Advisors LLC boosted its holdings in Bunge Global by 261.3% during the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 277 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Bunge Global by 1.7% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,220 shares of the basic materials company's stock valued at $1,625,000 after purchasing an additional 251 shares during the period. 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.