Bunge Global SA (NYSE:BG) Receives Consensus Rating of "Hold" from Brokerages

Shares of Bunge Global SA (NYSE:BG - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $85.3333.

BG has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bunge Global in a research note on Wednesday. JPMorgan Chase & Co. started coverage on shares of Bunge Global in a research note on Wednesday, August 20th. They set an "overweight" rating and a $95.00 target price on the stock. Finally, Morgan Stanley lifted their target price on shares of Bunge Global from $74.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th.

Insider Buying and Selling at Bunge Global

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

Institutional Trading of Bunge Global

A number of hedge funds have recently modified their holdings of the business. Cromwell Holdings LLC boosted its stake in Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company's stock worth $27,000 after acquiring an additional 334 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Bunge Global during the second quarter worth about $29,000. CYBER HORNET ETFs LLC bought a new stake in shares of Bunge Global in the 2nd quarter worth approximately $31,000. UMB Bank n.a. boosted its position in shares of Bunge Global by 163.1% in the 1st quarter. UMB Bank n.a. now owns 421 shares of the basic materials company's stock worth $32,000 after purchasing an additional 261 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its position 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 worth $32,000 after purchasing an additional 359 shares in the last quarter. Institutional investors own 86.23% of the company's stock.

Bunge Global Stock Performance

Bunge Global stock opened at $82.44 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $82.21 and a 200-day moving average of $79.39. The firm has a market cap of $16.49 billion, a P/E ratio of 8.24, a P/E/G ratio of 6.27 and a beta of 0.66. Bunge Global has a 1-year low of $67.40 and a 1-year high of $98.32.

Bunge Global (NYSE:BG - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $12.57 billion. During the same quarter last year, the business posted $1.73 EPS. The business'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. Sell-side analysts expect that Bunge Global will post 7.94 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.