Shares of Bunge Global SA (NYSE:BG – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $129.89.
BG has been the topic of several recent analyst reports. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. JPMorgan Chase & Co. reduced their price target on Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Monday, October 12th. UBS Group raised their price target on Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, September 10th. BMO Capital Markets restated an “outperform” rating and issued a $150.00 price target on shares of Bunge Global in a research note on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th.
Get Our Latest Analysis on Bunge Global
Insider Buying and Selling
In other Bunge Global news, Director Christopher Mahoney bought 1,500 shares of Bunge Global stock in a transaction on Tuesday, August 4th. The stock was bought at an average price of $107.60 per share, with a total value of $161,400.00. Following the completion of the acquisition, the director owned 14,820 shares in the company, valued at $1,594,632. The trade was a 11.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.
Hedge Funds Weigh In On Bunge Global
A number of institutional investors and hedge funds have recently made changes to their positions in BG. Bank of New York Mellon Corp acquired a new stake in shares of Bunge Global in the second quarter valued at about $266,653,000. Amundi grew its position in Bunge Global by 9.4% during the first quarter. Amundi now owns 1,186,039 shares of the basic materials company’s stock worth $150,853,000 after buying an additional 101,942 shares during the period. Swiss National Bank grew its position in Bunge Global by 3.5% during the first quarter. Swiss National Bank now owns 397,200 shares of the basic materials company’s stock worth $50,524,000 after buying an additional 13,500 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Bunge Global by 2.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 372,952 shares of the basic materials company’s stock worth $47,439,000 after buying an additional 7,994 shares during the period. Finally, WCM Investment Management LLC purchased a new position in Bunge Global in the first quarter valued at about $41,195,000. 86.23% of the stock is owned by institutional investors and hedge funds.
Bunge Global Trading Down 3.0%
Shares of Bunge Global stock opened at $102.93 on Tuesday. Bunge Global has a 52-week low of $88.24 and a 52-week high of $134.87. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $113.07 and its 200-day simple moving average is $117.35. The firm has a market cap of $19.78 billion, a price-to-earnings ratio of 19.99 and a beta of 0.73.
Bunge Global (NYSE:BG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.03. The firm had revenue of $24.04 billion during the quarter, compared to analysts’ expectations of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The firm’s revenue for the quarter was up 88.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, equities research analysts anticipate that Bunge Global will post 9.61 earnings per share for the current year.
About Bunge Global
Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.
The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.
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