Bunge Global SA (NYSE:BG) Stock Has Consensus Price Target of $129.33

Bunge Global SA (NYSE:BG) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $129.33.

Several research analysts have recently weighed in on BG shares. UBS Group upped their target price on shares of Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Zacks Research cut shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. BMO Capital Markets restated an “outperform” rating and set a $150.00 target price 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 research report on Wednesday, August 19th.

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $105.53 per share, for a total transaction of $527,650.00. Following the purchase, the director directly owned 13,320 shares in the company, valued at $1,405,659.60. This trade represents a 60.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Bunge Global

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in Bunge Global during the second quarter valued at $266,653,000. Norges Bank acquired a new stake in shares of Bunge Global during the fourth quarter worth $152,610,000. Capital World Investors lifted its position in shares of Bunge Global by 2.5% in the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock worth $1,478,960,000 after buying an additional 402,320 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Bunge Global by 137.9% in the 4th quarter. BNP Paribas Financial Markets now owns 636,289 shares of the basic materials company’s stock worth $56,681,000 after buying an additional 368,816 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Bunge Global in the 1st quarter valued at about $41,195,000. 86.23% of the stock is owned by institutional investors and hedge funds.

Bunge Global Stock Performance

Bunge Global stock opened at $106.50 on Friday. The firm has a market capitalization of $20.46 billion, a PE ratio of 20.68 and a beta of 0.73. Bunge Global has a one year low of $79.11 and a one year high of $134.87. The stock’s 50 day moving average price is $114.09 and its 200 day moving average price is $118.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57.

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

About Bunge Global

Bunge Global SA (NYSE: BG) is a global agribusiness and food company that connects farmers with consumers by sourcing, storing, transporting, processing and marketing agricultural commodities. Its operations focus primarily on oilseeds, grains and related agricultural products, serving customers across food, feed, fuel and industrial markets.

The company processes soybeans, rapeseed, sunflower seed and other oilseeds into protein meals used in animal feed, as well as edible oils and specialty fats for food manufacturers, foodservice companies and consumers.