Bunge Global SA (NYSE:BG – Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 4,680,000 shares, a growth of 34.5% from the December 31st total of 3,480,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.4% of the shares of the stock are sold short.
Bunge Global Stock Performance
Shares of BG stock opened at $76.13 on Friday. 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 cap of $10.63 billion, a PE ratio of 9.64 and a beta of 0.70. The stock has a 50-day moving average of $81.07 and a 200-day moving average of $91.26. Bunge Global has a one year low of $75.72 and a one year high of $114.92.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Stephens raised Bunge Global to a “strong-buy” rating in a report on Monday, December 2nd. Barclays cut Bunge Global from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $115.00 to $95.00 in a report on Tuesday, January 21st. Three research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.33.
Institutional Trading of Bunge Global
A number of institutional investors and hedge funds have recently modified their holdings of BG. Farther Finance Advisors LLC grew its position 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 purchasing an additional 124 shares during the period. NorthCrest Asset Manangement LLC grew its position in shares of Bunge Global by 0.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 23,849 shares of the basic materials company’s stock valued at $2,305,000 after purchasing an additional 144 shares during the period. V Square Quantitative Management LLC grew its position in shares of Bunge Global by 3.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,367 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 156 shares during the period. Caprock Group LLC grew its position in shares of Bunge Global by 2.2% in the 3rd quarter. Caprock Group LLC now owns 7,472 shares of the basic materials company’s stock valued at $722,000 after purchasing an additional 164 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its position in shares of Bunge Global by 31.0% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 702 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 166 shares during the period. 86.23% of the stock is owned by 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.
Featured Stories
- Five stocks we like better than Bunge Global
- Comparing and Trading High PE Ratio Stocks
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- Stock Market Upgrades: What Are They?
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- Most Volatile Stocks, What Investors Need to Know
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.com's FREE daily email newsletter.