Bunge Global (NYSE:BG) Given New $105.00 Price Target at Stephens

Bunge Global (NYSE:BG) had its price objective reduced by Stephens from $110.00 to $105.00 in a report released on Monday morning.

Separately, Barclays downgraded Bunge Global from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $115.00 to $95.00 in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $114.71.

Bunge Global Stock Performance

Shares of BG stock traded down $0.21 during trading hours on Monday, hitting $74.96. 1,519,564 shares of the company were exchanged, compared to its average volume of 1,384,212. 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 stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 9.47 and a beta of 0.69. The firm has a fifty day simple moving average of $80.81 and a 200 day simple moving average of $90.71. Bunge Global has a 52-week low of $73.74 and a 52-week high of $114.92.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Bunge Global by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 840,587 shares of the basic materials company’s stock worth $65,364,000 after buying an additional 41,884 shares in the last quarter. Blackhawk Capital Partners LLC. bought a new position in Bunge Global in the fourth quarter valued at $292,000. Rothschild Investment LLC raised its position in Bunge Global by 1.9% during the fourth quarter. Rothschild Investment LLC now owns 14,129 shares of the basic materials company’s stock valued at $1,099,000 after purchasing an additional 266 shares in the last quarter. IFP Advisors Inc lifted its stake in Bunge Global by 17.0% during the fourth quarter. IFP Advisors Inc now owns 1,852 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 269 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Bunge Global in the 4th quarter worth about $2,601,000. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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.