Shares of Bunge Global SA (NYSE:BG – Get Free Report) traded down 4.1% during mid-day trading on Friday . The stock traded as low as $110.76 and last traded at $111.77. 685,817 shares were traded during trading, a decline of 59% from the average daily volume of 1,660,600 shares. The stock had previously closed at $116.57.
Wall Street Analyst Weigh In
BG has been the topic of several analyst reports. Barclays boosted their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $150.00 price target on shares of Bunge Global in a research report on Thursday, August 13th. Zacks Research upgraded Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Bunge Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.
Get Our Latest Stock Analysis on BG
Bunge Global Stock Performance
Bunge Global (NYSE:BG – Get Free Report) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.03. The business had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The firm’s revenue for the quarter was up 88.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, equities analysts forecast that Bunge Global SA will post 9.72 earnings per share for the current year.
Insider Buying and Selling at Bunge Global
In related news, Director Christopher Mahoney bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the transaction, the director directly owned 14,820 shares of the company’s stock, valued at approximately $1,594,632. The trade was a 11.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BG. United Services Automobile Association purchased a new stake in Bunge Global in the 1st quarter valued at about $223,000. Woodline Partners LP raised its position in Bunge Global by 34.5% in the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 2,893 shares during the period. Focus Partners Wealth boosted its stake in Bunge Global by 16.7% in the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after acquiring an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Bunge Global by 118.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 494 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of Bunge Global by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after acquiring an additional 263 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.
About Bunge Global
Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.
The company’s core business activities are organized into agribusiness and food & ingredients segments.
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