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

Bunge Global SA (NYSE:BG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $85.3333.

Several brokerages have commented on BG. Morgan Stanley upped their price objective on shares of Bunge Global from $74.00 to $83.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. started coverage on Bunge Global in a report on Wednesday, August 20th. They issued an "overweight" rating and a $95.00 target price on the stock.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was purchased at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cromwell Holdings LLC raised its stake in 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 during the last quarter. Ameritas Advisory Services LLC bought a new position in Bunge Global in the second quarter valued at about $29,000. CYBER HORNET ETFs LLC bought a new position in Bunge Global in the second quarter valued at about $31,000. MUFG Securities EMEA plc purchased a new position in Bunge Global in the second quarter worth about $32,000. Finally, Manchester Capital Management LLC grew its stake in shares of Bunge Global by 588.5% during 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. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Stock Performance

NYSE:BG opened at $81.68 on Friday. Bunge Global has a 1-year low of $67.40 and a 1-year high of $100.48. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 6.12 and a beta of 0.67. The business has a 50 day moving average of $80.24 and a 200 day moving average of $78.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.07 and a quick ratio of 1.29.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) 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 firm had revenue of $12.77 billion for the quarter, compared to analysts' expectations of $12.57 billion. During the same period last year, the firm earned $1.73 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. On average, sell-side analysts predict that Bunge Global will post 7.94 earnings per share for the current fiscal year.

About Bunge Global

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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