Barclays lowered shares of Bunge Global (NYSE:BG – Free Report) from an overweight rating to an equal weight rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings 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 research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.33.
Get Our Latest Stock Analysis on Bunge Global
Bunge Global Trading Up 1.0 %
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Mediolanum International Funds Ltd boosted its stake in Bunge Global by 6.9% during the fourth quarter. Mediolanum International Funds Ltd now owns 70,403 shares of the basic materials company’s stock worth $5,400,000 after buying an additional 4,560 shares during the period. Crews Bank & Trust purchased a new position in Bunge Global during the fourth quarter worth about $39,000. Swedbank AB boosted its stake in Bunge Global by 17.6% during the fourth quarter. Swedbank AB now owns 168,728 shares of the basic materials company’s stock worth $13,120,000 after buying an additional 25,194 shares during the period. Forsta AP Fonden boosted its stake in Bunge Global by 0.5% during the fourth quarter. Forsta AP Fonden now owns 96,000 shares of the basic materials company’s stock worth $7,465,000 after buying an additional 500 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Bunge Global during the fourth quarter worth about $45,000. Hedge funds and other institutional investors 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.
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