Bunge Global (NYSE:BG) Upgraded at Zacks Research

Zacks Research upgraded shares of Bunge Global (NYSE:BGFree Report) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts have also weighed in on BG. BMO Capital Markets upped their price objective on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Weiss Ratings lowered shares of Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Bank of America increased their price target on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. increased their price target on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Finally, HSBC increased their price target on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. One 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’s stock. Based on data from MarketBeat, Bunge Global has a consensus rating of “Moderate Buy” and a consensus target price of $132.67.

Read Our Latest Stock Analysis on BG

Bunge Global Stock Down 1.9%

NYSE:BG opened at $124.65 on Wednesday. Bunge Global has a 1-year low of $71.60 and a 1-year high of $131.93. The company has a 50-day moving average of $123.32 and a 200 day moving average of $108.16. The firm has a market cap of $24.18 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 0.69 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 0.74.

Bunge Global (NYSE:BGGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. During the same period in the prior year, the firm earned $1.81 earnings per share. The firm’s revenue for the quarter was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, research analysts anticipate that Bunge Global will post 9.5 EPS for the current fiscal year.

Bunge Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s dividend payout ratio is presently 65.27%.

Hedge Funds Weigh In On Bunge Global

Hedge funds have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Bunge Global during the third quarter valued at about $25,000. CoreCap Advisors LLC increased its holdings in shares of Bunge Global by 2,000.0% during the third quarter. CoreCap Advisors LLC now owns 315 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Quest 10 Wealth Builders Inc. acquired a new position in shares of Bunge Global during the fourth quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in shares of Bunge Global during the third quarter valued at about $28,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global during the second quarter valued at about $31,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global News Roundup

Here are the key news stories impacting Bunge Global this week:

About Bunge Global

(Get Free Report)

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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Analyst Recommendations for Bunge Global (NYSE:BG)

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