Bunge Global (NYSE:BG) Stock Rating Upgraded by Stephens

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

Bunge Global Trading Down 2.0 %

BG opened at $86.50 on Monday. Bunge Global has a fifty-two week low of $82.18 and a fifty-two week 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 company’s 50-day moving average is $90.93 and its 200 day moving average is $99.07. The firm has a market capitalization of $12.08 billion, a PE ratio of 10.95 and a beta of 0.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in Bunge Global by 26.5% in the 2nd quarter. Pacer Advisors Inc. now owns 4,211,052 shares of the basic materials company’s stock worth $449,614,000 after buying an additional 883,127 shares during the period. Millennium Management LLC boosted its holdings in Bunge Global by 12,617.1% in the 2nd quarter. Millennium Management LLC now owns 885,617 shares of the basic materials company’s stock worth $94,557,000 after buying an additional 878,653 shares during the period. Ilex Capital Partners UK LLP bought a new position in Bunge Global in the 3rd quarter worth approximately $54,330,000. State Street Corp boosted its holdings in Bunge Global by 7.6% in the 3rd quarter. State Street Corp now owns 7,051,601 shares of the basic materials company’s stock worth $681,467,000 after buying an additional 500,897 shares during the period. Finally, LSV Asset Management boosted its holdings in Bunge Global by 10.7% in the 2nd quarter. LSV Asset Management now owns 2,113,229 shares of the basic materials company’s stock worth $225,629,000 after buying an additional 203,910 shares during the period. 86.23% of the stock is owned by 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.