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

Key Points

• Analysts rate Bunge Global “Moderate Buy.” Of 11 analysts, eight recommend buying, one strongly recommends buying and two rate the stock a hold; the average 12-month price target is $132.67 versus a recent price of $115.48.
• Quarterly results exceeded expectations. Bunge reported adjusted EPS of $2.00, above the $1.97 consensus estimate, while revenue rose 88.3% year over year to $24.04 billion and surpassed forecasts.
• Institutional ownership remains high at 86.23%. Several investment firms increased their holdings, while director Christopher Mahoney purchased 1,500 shares valued at approximately $161,400.

Bunge Global SA (NYSE:BG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $132.6667.

Several analysts have weighed in on the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. Zacks Research upgraded Bunge Global from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Bunge Global in a research report on Wednesday, August 19th.

Bunge Global Stock Performance

NYSE:BG opened at $115.48 on Monday. The company has a 50-day moving average price of $112.65 and a 200-day moving average price of $119.60. Bunge Global has a 12 month low of $76.01 and a 12 month high of $134.87. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The stock has a market cap of $22.19 billion, a price-to-earnings ratio of 22.42 and a beta of 0.65.

Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The company had revenue of $24.04 billion for the quarter, compared to analysts' expectations of $22.81 billion. During the same quarter in the previous year, the company earned $1.31 earnings per share. Bunge Global's quarterly revenue was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Equities analysts predict that Bunge Global will post 9.72 EPS for the current year.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 1,500 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the acquisition, the director owned 14,820 shares in the company, valued at approximately $1,594,632. This represents a 11.26% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Bunge Global

Several hedge funds have recently bought and sold shares of BG. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Bunge Global by 2.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 284,285 shares of the basic materials company's stock worth $26,336,000 after buying an additional 8,018 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Bunge Global by 4,973.8% during the first quarter. NewEdge Advisors LLC now owns 42,468 shares of the basic materials company's stock valued at $5,402,000 after buying an additional 41,631 shares during the last quarter. Prudential PLC increased its holdings in Bunge Global by 140.6% in the 4th quarter. Prudential PLC now owns 14,039 shares of the basic materials company's stock worth $1,251,000 after buying an additional 8,203 shares in the last quarter. Bank of New York Mellon Corp raised its position in Bunge Global by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,280,422 shares of the basic materials company's stock worth $162,870,000 after buying an additional 9,271 shares during the last quarter. Finally, WCM Investment Management LLC purchased a new position in Bunge Global in the 1st quarter worth about $41,195,000. Institutional investors own 86.23% of the company's stock.

Bunge Global Company Profile

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company's core business activities are organized into agribusiness and food & ingredients segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source