Bunge Global (NYSE:BG) Stock Price Down 4.1% – What’s Next?

Bunge Global SA (NYSE:BG) was 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 session volume of 1,660,600 shares. The stock had previously closed at $116.57.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays lifted their price target on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. Zacks Research raised Bunge Global from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and a consensus target price of $132.67.

Bunge Global Stock Down 2.8%

The firm has a market cap of $21.77 billion, a PE ratio of 22.00 and a beta of 0.65. The company has a 50-day simple moving average of $113.09 and a 200-day simple moving average of $119.71. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.03. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The firm had revenue of $24.04 billion for the quarter, compared to the consensus estimate of $22.81 billion. During the same period in the prior year, the business posted $1.31 earnings per share. The company’s revenue for the quarter was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Analysts expect that Bunge Global SA will post 9.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bunge Global news, Director Christopher Mahoney bought 1,500 shares of Bunge Global stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the director directly owned 14,820 shares in the company, valued at approximately $1,594,632. This trade represents a 11.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bunge Global

Large investors have recently added to or reduced their stakes in the stock. Saudi Central Bank grew its stake in Bunge Global by 76.5% in the second quarter. Saudi Central Bank now owns 8,818 shares of the basic materials company’s stock worth $941,000 after purchasing an additional 3,822 shares in the last quarter. AlphaGrep UK Ltd purchased a new position in shares of Bunge Global during the second quarter valued at $456,000. Raiffeisen Bank International AG increased its stake in shares of Bunge Global by 2,829.9% during the second quarter. Raiffeisen Bank International AG now owns 5,977 shares of the basic materials company’s stock valued at $652,000 after buying an additional 5,773 shares during the period. Syon Capital LLC raised its holdings in shares of Bunge Global by 24.6% in the second quarter. Syon Capital LLC now owns 1,998 shares of the basic materials company’s stock valued at $213,000 after acquiring an additional 394 shares in the last quarter. Finally, NEOS Investment Management LLC raised its holdings in shares of Bunge Global by 14.9% in the second quarter. NEOS Investment Management LLC now owns 22,193 shares of the basic materials company’s stock valued at $2,369,000 after acquiring an additional 2,877 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.

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.