Bunge Global (NYSE:BG) Stock Price Up 5.9% – Should You Buy?

Bunge Global SA (NYSE:BG) was 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 mid-day 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 Analyst Weigh In

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

Bunge Global Trading Up 5.2 %

The company has a market capitalization of $11.36 billion, a PE ratio of 10.30 and a beta of 0.70. The company has a fifty day simple moving average of $83.73 and a 200-day simple moving average of $94.61. The company has a current ratio of 2.07, a quick ratio of 1.10 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

A number of large investors 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 position in Bunge Global during the 3rd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC acquired a new stake in Bunge Global in the second quarter valued at $40,000. Farther Finance Advisors LLC boosted its holdings in Bunge Global by 40.1% in the third quarter. Farther Finance Advisors LLC now owns 433 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 124 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Bunge Global by 145.1% during the 3rd quarter. UMB Bank n.a. now owns 652 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 386 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

About Bunge Global

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.