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

Bunge Global SA (NYSE:BG - Get Free Report) reached a new 52-week low during trading on Thursday . The company 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.

Analyst Upgrades and Downgrades

Separately, Stephens upgraded shares of Bunge Global to a "strong-buy" rating in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Bunge Global Stock Down 1.5 %

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 fifty day moving average price is $87.60 and its 200-day moving average price is $97.37. The stock has a market cap of $10.88 billion, a P/E ratio of 9.86 and a beta of 0.68.

Institutional Trading of Bunge Global

Several institutional investors and hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd purchased a new stake in Bunge Global in the second quarter worth about $28,000. Blue Trust Inc. lifted its stake in shares of Bunge Global by 52.3% during the 2nd 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. Farmers & Merchants Investments Inc. boosted its position in Bunge Global by 185.2% during the second quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Bunge Global in the third quarter valued at about $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Bunge Global during the second quarter valued at about $40,000. 86.23% of the stock is currently owned by institutional investors.

About Bunge Global

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.