Bunge Global SA (NYSE:BG) Stock Has Consensus Target Price of $129.33

Key Points

• Analysts maintain a moderately bullish view: Bunge Global has a consensus “Moderate Buy” rating from 11 brokerages, with eight buys and three holds. The average 12-month price target is $129.33, while UBS recently raised its target to $155.
• Quarterly results exceeded expectations: Bunge reported earnings of $2.00 per share versus the $1.97 consensus estimate, while revenue reached $24.04 billion, up 88.3% year over year and above forecasts.
• The stock is trading below its analyst target: Shares opened at $110.27, down 1.1%, with a market capitalization of $21.18 billion. Institutional investors own 86.23% of the company, and a director recently purchased 1,500 shares.

Shares of Bunge Global SA (NYSE:BG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $129.33.

A number of research firms have commented on BG. Weiss Ratings reissued a "hold (c)" rating on shares of Bunge Global in a report on Wednesday, August 19th. UBS Group increased their price objective on Bunge Global from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Zacks Research downgraded Bunge Global from a "strong-buy" rating to a "hold" rating in a report on Monday, September 7th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $150.00 target price on shares of Bunge Global in a research report on Thursday, August 13th.

Bunge Global Stock Down 1.1%

Shares of Bunge Global stock opened at $110.27 on Friday. The company has a 50-day simple moving average of $115.43 and a two-hundred day simple moving average of $119.39. The stock has a market capitalization of $21.18 billion, a PE ratio of 21.41 and a beta of 0.67. Bunge Global has a 52-week low of $78.82 and a 52-week high of $134.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57.

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 for the quarter, beating the consensus estimate of $1.97 by $0.03. The company had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The firm's quarterly revenue was up 88.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, analysts anticipate that Bunge Global will post 9.72 EPS for the current fiscal year.

Insider Activity at Bunge Global

In related news, Director Christopher Mahoney purchased 1,500 shares of Bunge Global stock in a transaction dated Tuesday, August 4th. The stock was purchased at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the director directly owned 14,820 shares of the company's stock, valued at $1,594,632. The trade was a 11.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. boosted its holdings in Bunge Global by 9.9% in the second quarter. QRG Capital Management Inc. now owns 16,089 shares of the basic materials company's stock worth $1,717,000 after purchasing an additional 1,450 shares during the last quarter. Andra AP fonden purchased a new stake in Bunge Global during the 2nd quarter valued at $1,932,000. Sequoia Financial Advisors LLC raised its stake in Bunge Global by 9.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,610 shares of the basic materials company's stock valued at $705,000 after buying an additional 572 shares during the last quarter. National Pension Service lifted its holdings in shares of Bunge Global by 267.7% during the 2nd quarter. National Pension Service now owns 31,461 shares of the basic materials company's stock valued at $3,358,000 after buying an additional 22,904 shares during the period. Finally, Engineers Gate Manager LP lifted its holdings in shares of Bunge Global by 7,526.8% during the 2nd quarter. Engineers Gate Manager LP now owns 155,435 shares of the basic materials company's stock valued at $16,590,000 after buying an additional 153,397 shares during the period. Institutional investors own 86.23% of the company's stock.

About Bunge Global

Bunge Global SA NYSE: BG is a global agribusiness and food company that sources, handles, processes and distributes agricultural commodities. Its activities include the origination, storage and transportation of oilseeds, grains and other agricultural products, as well as the production of vegetable oils, protein meals, specialty fats, ingredients and other food-related products.

The company serves food manufacturers, animal-feed producers, farmers, commercial customers and consumers through operations spanning North and South America, Europe, Asia and other international markets.

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