Bunge Global (NYSE:BG) Upgraded by Stephens to “Strong-Buy” Rating

Bunge Global (NYSE:BG) was upgraded by equities researchers at Stephens to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Bunge Global Stock Performance

NYSE BG opened at $86.50 on Monday. Bunge Global has a 1 year low of $82.18 and a 1 year high of $114.92. 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 stock has a market capitalization of $12.08 billion, a PE ratio of 10.95 and a beta of 0.68. The company’s 50 day simple moving average is $90.93 and its two-hundred day simple moving average is $99.07.

Institutional Trading of Bunge Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Bunge Global by 16.9% during the 3rd quarter. Franklin Resources Inc. now owns 274,096 shares of the basic materials company’s stock valued at $26,371,000 after buying an additional 39,646 shares in the last quarter. Synovus Financial Corp raised its position in shares of Bunge Global by 16.5% during the 3rd quarter. Synovus Financial Corp now owns 5,124 shares of the basic materials company’s stock valued at $495,000 after buying an additional 724 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bunge Global during the 3rd quarter valued at $34,000. Virtu Financial LLC purchased a new stake in shares of Bunge Global during the 3rd quarter valued at $620,000. Finally, Geode Capital Management LLC raised its position in shares of Bunge Global by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 3,422,968 shares of the basic materials company’s stock valued at $329,697,000 after buying an additional 45,159 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

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.