Bunge Global (NYSE:BG) Lowered to “Equal Weight” Rating by Barclays

Barclays cut shares of Bunge Global (NYSE:BG) from an overweight rating to an equal weight rating in a report published on Tuesday morning, MarketBeat reports. The brokerage currently has $95.00 price objective on the basic materials company’s stock, down from their previous price objective of $115.00.

Separately, Stephens raised shares of Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.33.

Bunge Global Stock Up 1.0 %

Shares of BG opened at $78.73 on Tuesday. The stock has a market capitalization of $10.99 billion, a PE ratio of 9.97 and a beta of 0.70. Bunge Global has a 1 year low of $75.75 and a 1 year high of $114.92. 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 simple moving average is $82.49 and its 200-day simple moving average is $92.64.

Institutional Trading of Bunge Global

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised 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 purchasing an additional 124 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Bunge Global by 0.6% during the third quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock worth $2,305,000 after purchasing an additional 144 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Bunge Global by 3.7% during the third quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 156 shares in the last quarter. Caprock Group LLC raised its holdings in Bunge Global by 2.2% during the third quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock worth $722,000 after purchasing an additional 164 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings in Bunge Global by 31.0% during the third quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds 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.