Bunge Global SA (NYSE:BG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Bunge Global SA (NYSE:BGGet Free Report) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $132.6667.

A number of equities analysts recently issued reports on BG shares. JPMorgan Chase & Co. increased their target price 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. Barclays increased their target price on shares of Bunge Global from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Bunge Global in a research report on Thursday, February 5th. Bank of America increased their target price 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. Finally, 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.

Check Out Our Latest Report on Bunge Global

Bunge Global News Summary

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

Bunge Global Stock Up 0.0%

Bunge Global stock opened at $124.65 on Monday. The company has a 50-day simple moving average of $123.32 and a 200-day simple moving average of $108.53. The firm has a market capitalization of $24.18 billion, a P/E ratio of 29.06 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. Bunge Global has a one year low of $71.60 and a one year high of $131.93.

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

Bunge Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, February 16th. Bunge Global’s dividend payout ratio is currently 67.13%.

Hedge Funds Weigh In On Bunge Global

A number of institutional investors and hedge funds have recently bought and sold shares of BG. Glencore plc bought a new position in Bunge Global in the 3rd quarter valued at about $2,665,496,000. Norges Bank acquired a new stake in Bunge Global in the 4th quarter valued at about $152,610,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bunge Global by 168,119.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock valued at $103,846,000 after acquiring an additional 1,165,071 shares during the last quarter. Merewether Investment Management LP acquired a new stake in Bunge Global in the 3rd quarter valued at about $74,888,000. Finally, Vanguard Group Inc. lifted its holdings in Bunge Global by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after acquiring an additional 777,805 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Company Profile

(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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