Bunge Global (NYSE:BG) Trading 5.9% Higher – Still a Buy?

Shares of Bunge Global SA (NYSE:BG) were up 5.9% during trading on Friday . The stock traded as high as $82.00 and last traded at $81.94. Approximately 802,575 shares were traded during trading, a decline of 21% from the average daily volume of 1,019,991 shares. The stock had previously closed at $77.38.

Wall Street Analysts Forecast Growth

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

Bunge Global Trading Up 5.1 %

The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 10.29 and a beta of 0.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.07 and a quick ratio of 1.10. The company’s fifty day moving average price is $83.71 and its 200-day moving average price is $94.33.

Institutional Trading of Bunge Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BG. Altshuler Shaham Ltd purchased a new position in shares of Bunge Global during the second quarter worth $28,000. Wilmington Savings Fund Society FSB acquired a new stake in Bunge Global during the 3rd quarter worth about $34,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Bunge Global during the 2nd quarter valued at about $40,000. Farther Finance Advisors LLC lifted its holdings in shares of Bunge Global by 40.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after buying an additional 124 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Bunge Global by 145.1% in the third quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after buying an additional 386 shares during 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.