JPMorgan Chase & Co. Has Lowered Expectations for Bunge Global (NYSE:BG) Stock Price

Bunge Global (NYSE:BG) had its target price decreased by research analysts at JPMorgan Chase & Co. from $140.00 to $139.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 32.77% from the company’s current price.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. UBS Group increased their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price target on shares of Bunge Global in a research report on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Bunge Global has an average rating of “Moderate Buy” and an average price target of $129.89.

Bunge Global Trading Up 1.9%

Shares of BG stock traded up $1.96 on Monday, hitting $104.69. 405,493 shares of the stock traded hands, compared to its average volume of 1,699,435. The firm’s 50-day moving average price is $113.31 and its two-hundred day moving average price is $118.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. The stock has a market capitalization of $20.11 billion, a PE ratio of 20.33 and a beta of 0.73. Bunge Global has a twelve month low of $79.11 and a twelve month high of $134.87.

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

Insider Activity

In related news, Director Christopher Mahoney acquired 1,500 shares of Bunge Global stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the acquisition, the director owned 14,820 shares in the company, valued at approximately $1,594,632. This represents a 11.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Global Trust Asset Management LLC acquired a new stake in shares of Bunge Global during the first quarter valued at about $47,000. Root Financial Partners LLC raised its stake in shares of Bunge Global by 23.5% in the 1st quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 85 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Bunge Global in the 2nd quarter worth approximately $50,000. Hyposwiss Advisors SA acquired a new position in shares of Bunge Global in the 4th quarter worth approximately $45,000. Finally, Hilltop National Bank purchased a new position in shares of Bunge Global during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

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.