Bunge Global (NYSE:BG) Sets New 52-Week Low – Time to Sell?

Bunge Global SA (NYSE:BG) shares 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 trading hands. The stock had previously closed at $78.06.

Wall Street Analysts Forecast Growth

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

Bunge Global Trading Up 0.4 %

The company has a market cap of $10.94 billion, a price-to-earnings ratio of 9.92 and a beta of 0.68. 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 business’s 50 day moving average price is $85.91 and its 200-day moving average price is $96.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Bunge Global during the 2nd quarter valued at $28,000. Farmers & Merchants Investments Inc. boosted its holdings in shares of Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Bunge Global in the third quarter valued at about $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Bunge Global during the second quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC increased its stake in shares of Bunge Global by 261.3% in the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after buying an additional 277 shares during the period. 86.23% of the stock is owned by institutional investors and hedge funds.

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.