Bunge Global SA (NYSE:BG) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Bunge Global SA has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month target price of approximately $85.33.
• The company recently reported earnings of $1.31 per share, surpassing estimates, and declared a dividend of $0.70 per share with a yield of 342.0%.
• Hedge funds and institutional investors hold 86.23% of Bunge Global's stock, indicating strong institutional interest in the company.

Bunge Global SA (NYSE:BG - Get Free Report) has earned an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $85.3333.

Several research firms have recently commented on BG. Morgan Stanley raised their price objective on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Stephens decreased their price objective on Bunge Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. assumed coverage on Bunge Global in a research report on Wednesday. They set an "overweight" rating and a $95.00 target price for the company.

Hedge Funds Weigh In On Bunge Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Kingsview Wealth Management LLC purchased a new position in shares of Bunge Global in the 1st quarter worth approximately $9,180,000. GAMMA Investing LLC raised its position in Bunge Global by 152.1% during the 1st quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock valued at $250,000 after purchasing an additional 1,976 shares in the last quarter. Siemens Fonds Invest GmbH bought a new stake in Bunge Global during the 4th quarter valued at $1,596,000. Nisa Investment Advisors LLC increased its holdings in shares of Bunge Global by 23.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 5,341 shares of the basic materials company's stock valued at $408,000 after acquiring an additional 1,021 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Bunge Global in the 1st quarter valued at $898,000. Hedge funds and other institutional investors own 86.23% of the company's stock.

Bunge Global Stock Up 0.2%

BG stock opened at $80.76 on Wednesday. Bunge Global has a 1-year low of $67.40 and a 1-year high of $101.81. The business has a fifty day moving average price of $79.59 and a 200-day moving average price of $76.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29. The stock has a market capitalization of $16.16 billion, a P/E ratio of 7.97, a P/E/G ratio of 4.97 and a beta of 0.67.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, beating 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 company had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.57 billion. During the same quarter in the prior year, the company earned $1.73 earnings per share. Bunge Global's revenue was down 3.6% on a year-over-year basis. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Equities analysts forecast that Bunge Global will post 7.94 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be issued a dividend of $0.70 per share. This represents a yield of 342.0%. The ex-dividend date is Tuesday, August 19th. Bunge Global's dividend payout ratio (DPR) is currently 27.97%.

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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