1 day Ago By ABMN Staff
Bunge Global SA ( NYSE:BG – Get Free Report ) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 3,670,000 shares, a drop of 15.4% from the August 15th total of 4,340,000 shares.
Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 1,200,000 shares, the days-to-cover ratio is currently 3.
1 days. Institutional Trading of Bunge Global Institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Bunge Global during the 2nd quarter worth approximately $2,668,000.
Cetera Investment Advisers boosted its position in Bunge Global by 2.1% during the second quarter. Cetera Investment Advisers now owns 19,101 shares of the basic materials company’s stock worth $2,039,000 after purchasing an additional 402 shares during the period.
B. Riley Wealth Advisors Inc. acquired a new position in shares of Bunge Global in the second quarter valued at $3,024,000.
Quarry LP raised its position in shares of Bunge Global by 167.1% in the second quarter. Quarry LP now owns 19,865 shares of the basic materials company’s stock valued at $2,121,000 after purchasing an additional 12,429 shares during the period.
Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bunge Global by 4.6% during the 2nd quarter.
Northwestern Mutual Wealth Management Co. now owns 20,580 shares of the basic materials company’s stock worth $2,197,000 after buying an additional 911 shares during the last quarter. Institutional investors own 86.
23% of the company’s stock. Bunge Global Stock Up 0.0 % Shares of Bunge Global stock traded up $0.
02 during trading hours on Wednesday, reaching $97.71. 1,045,705 shares of the company’s stock were exchanged, compared to its average volume of 1,457,606.
The company has a current ratio of 2.03, a quick ratio of 0.97 and a debt-to-equity ratio of 0.
37. The company has a 50 day moving average of $102.33 and a two-hundred day moving average of $103.
00. The stock has a market cap of $13.84 billion, a P/E ratio of 7.
87 and a beta of 0.65. Bunge Global has a fifty-two week low of $86.
10 and a fifty-two week high of $114.92. Analyst Ratings Changes Separately, Citigroup cut Bunge Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $125.
00 to $114.00 in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock.
Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.00. Check Out Our Latest Analysis on BG Bunge Global Company Profile ( Get Free Report ) 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. See Also 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 ..
