Bunge Global (NYSE:BG) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Bunge Global has been given a "Hold (C)" rating by Weiss Ratings, reflecting a cautious outlook on the stock.
• The stock price has recently decreased by 1.9% to $82.44, with an average target price of $85.33 from several analysts.
• In its latest earnings report, Bunge Global surpassed expectations with $1.31 earnings per share but reported a 3.6% decline in revenue year-over-year.

Bunge Global (NYSE:BG - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. assumed coverage on Bunge Global in a research report on Wednesday, August 20th. They set an "overweight" rating and a $95.00 target price for the company. Morgan Stanley lifted their price objective on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Bunge Global has an average rating of "Hold" and an average target price of $85.33.

Bunge Global Trading Down 1.9%

Bunge Global stock traded down $1.58 during mid-day trading on Wednesday, hitting $82.44. 1,319,294 shares of the stock were exchanged, compared to its average volume of 1,855,985. Bunge Global has a 12 month low of $67.40 and a 12 month high of $98.32. The firm's fifty day simple moving average is $82.17 and its two-hundred day simple moving average is $79.37. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 6.28 and a beta of 0.66. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59.

Bunge Global (NYSE:BG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.12. Bunge Global had a return on equity of 9.16% and a net margin of 2.71%.The business had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same period in the prior year, the business earned $1.73 EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Analysts forecast that Bunge Global will post 7.94 EPS for the current year.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was bought at an average price of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares of the company's stock, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company's stock.

Institutional Trading of Bunge Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC raised its position in shares of Bunge Global by 4,175.0% during the 2nd quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company's stock valued at $27,000 after buying an additional 334 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Bunge Global during the 2nd quarter valued at $29,000. CYBER HORNET ETFs LLC purchased a new position in Bunge Global during the 2nd quarter valued at about $31,000. UMB Bank n.a. lifted its stake in Bunge Global by 163.1% in the first quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after acquiring an additional 261 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in shares of Bunge Global by 588.5% in the 1st quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 359 shares during the period. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Company Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.

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