Bunge Global SA (NYSE:BG) Receives Consensus Rating of "Moderate Buy" from 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.

Shares of Bunge Global SA (NYSE:BG - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $85.3333.

Several analysts have recently weighed in on BG shares. Morgan Stanley lifted their target price on Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Stephens decreased their target price on Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. started 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.

Bunge Global Trading Up 1.1%

BG stock traded up $0.9230 during midday trading on Wednesday, reaching $88.0330. 1,009,646 shares of the company traded hands, compared to its average volume of 1,840,625. Bunge Global has a 52-week low of $67.40 and a 52-week high of $101.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07. The business has a 50 day moving average of $79.97 and a 200-day moving average of $77.24. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 5.82 and a beta of 0.67.

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

Bunge Global Dividend Announcement

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

Insider Buying and Selling at Bunge Global

In other news, Director Christopher Mahoney acquired 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares of the company's stock, valued at $585,513.72. The trade was a 231.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.80% of the stock is owned by insiders.

Institutional Trading of Bunge Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Bunge Global in the second quarter worth about $149,380,000. AustralianSuper Pty Ltd bought a new position in Bunge Global in the first quarter worth about $92,552,000. Voloridge Investment Management LLC raised its holdings in Bunge Global by 443.2% in the fourth quarter. Voloridge Investment Management LLC now owns 1,215,320 shares of the basic materials company's stock worth $94,503,000 after purchasing an additional 991,607 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bunge Global by 34.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,346,709 shares of the basic materials company's stock worth $255,756,000 after purchasing an additional 859,733 shares in the last quarter. Finally, Ilex Capital Partners UK LLP raised its holdings in Bunge Global by 383.7% in the second quarter. Ilex Capital Partners UK LLP now owns 891,673 shares of the basic materials company's stock worth $71,584,000 after purchasing an additional 707,336 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors.

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.