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

Key Points

• Bunge Global SA has received a consensus recommendation of "Moderate Buy" from six brokerage firms, with an average price target of $85.33 for the stock.
• Director Christopher Mahoney purchased 5,000 shares at an average price of $81.73, significantly increasing his ownership by 231.05%.
• Recently, several hedge funds have made substantial changes to their positions in Bunge Global, with Cromwell Holdings LLC increasing its stake by 4,175%.

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

BG has been the subject of several research analyst reports. Morgan Stanley upped their target price 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. 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 price target for the company.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney purchased 5,000 shares of the business's stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director directly owned 7,164 shares in the company, valued at $585,513.72. The trade was a 231.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bunge Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new stake in shares of Bunge Global in the first quarter valued at about $9,180,000. GAMMA Investing LLC raised its stake in shares of Bunge Global by 152.1% in the first quarter. GAMMA Investing LLC now owns 3,275 shares of the basic materials company's stock valued at $250,000 after acquiring an additional 1,976 shares during the last quarter. Old West Investment Management LLC raised its position in Bunge Global by 31.2% in the 1st quarter. Old West Investment Management LLC now owns 163,191 shares of the basic materials company's stock worth $12,471,000 after purchasing an additional 38,777 shares during the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of Bunge Global during the 4th quarter valued at $1,596,000. Finally, Nisa Investment Advisors LLC grew 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 buying an additional 1,021 shares during the period. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Down 0.2%

BG stock traded down $0.14 during midday trading on Friday, reaching $79.76. The company's stock had a trading volume of 540,317 shares, compared to its average volume of 1,849,126. 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 stock has a fifty day simple moving average of $80.67 and a two-hundred day simple moving average of $78.69. Bunge Global has a 1 year low of $67.40 and a 1 year high of $100.15. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 6.00 and a beta of 0.67.

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