Bunge Global SA (NYSE:BG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Bunge Global SA (NYSE:BG) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $118.00.

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a research report on Monday, December 2nd.

Institutional Trading of Bunge Global

A number of hedge funds have recently bought and sold shares of BG. Pacer Advisors Inc. grew its holdings in shares of Bunge Global by 26.5% during the second quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock valued at $449,614,000 after buying an additional 883,127 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Bunge Global by 12,617.1% during the second quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock worth $94,557,000 after purchasing an additional 878,653 shares during the period. Ilex Capital Partners UK LLP purchased a new position in Bunge Global during the third quarter valued at approximately $54,330,000. State Street Corp lifted its position in Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Bunge Global by 10.7% during the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock valued at $225,629,000 after acquiring an additional 203,910 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Price Performance

BG opened at $77.28 on Monday. Bunge Global has a twelve month low of $76.38 and a twelve month high of $114.92. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 9.78 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. The company has a fifty day simple moving average of $84.48 and a 200 day simple moving average of $95.33.

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.