Bunge Global Stock Price, News & Analysis (NYSE:BG)

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bunge Global in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BG shares.
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7 Wall Street research analysts have issued 1-year target prices for Bunge Global's stock. Their BG share price targets range from $110.00 to $141.00. On average, they anticipate the company's share price to reach $127.14 in the next twelve months. This suggests a possible upside of 18.1% from the stock's current price.
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Bunge Global's stock was trading at $99.77 at the beginning of the year. Since then, BG stock has increased by 7.9% and is now trading at $107.69.
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Bunge Global saw a decrease in short interest in November. As of November 15th, there was short interest totaling 2,690,000 shares, a decrease of 28.3% from the October 31st total of 3,750,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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Bunge Global SA (NYSE:BG) posted its quarterly earnings data on Thursday, October, 26th. The basic materials company reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.50 by $0.49. The basic materials company earned $14.23 billion during the quarter, compared to analysts' expectations of $15.33 billion. Bunge Global had a trailing twelve-month return on equity of 18.61% and a net margin of 3.20%. The firm's revenue was down 15.1% compared to the same quarter last year. During the same period last year, the business earned $3.45 EPS.

Bunge Global declared a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, February 16th will be given a dividend of $0.6625 per share on Friday, March 1st. This represents a $2.65 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Thursday, February 15th.
Read our dividend analysis for BG.

Bunge Global (NYSE:BG) pays an annual dividend of $2.65 per share and currently has a dividend yield of 2.43%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BG will have a dividend payout ratio of 22.84% next year. This indicates that the company will be able to sustain or increase its dividend.
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ETFs with the largest weight of Bunge Global (NYSE:BG) stock in their portfolio include Leatherback Long/Short Alternative Yield ETF (LBAY), VanEck Future of Food ETF (YUMY), First Trust Consumer Staples AlphaDEX Fund (FXG), OneAscent Large Cap Core ETF (OALC), Horizon Kinetics Inflation Beneficiaries ETF (INFL), BlackRock Future Climate and Sustainable Economy ETF (BECO), Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) and Invesco Food & Beverage ETF (PBJ).

Bunge Global updated its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $12.50 for the period, compared to the consensus EPS estimate of $12.42.

21 employees have rated Bunge Global Chief Executive Officer Gregory A. Heckman on Glassdoor.com. Gregory A. Heckman has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bunge Global investors own include Johnson & Johnson (JNJ), Boeing (BA), Exxon Mobil (XOM), Cisco Systems (CSCO), CVS Health (CVS), NVIDIA (NVDA), Walt Disney (DIS), Intel (INTC), Pfizer (PFE) and Chevron (CVX).

Bunge Global's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (3.58%), Bank of New York Mellon Corp (1.95%), Northern Trust Corp (1.90%), Invesco Ltd. (1.27%), Morgan Stanley (1.23%) and Charles Schwab Investment Management Inc. (0.93%). Insiders that own company stock include Bernardo Hees, Christos Dimopoulos, Deborah Borg, Grain Co Continental, Jerry Matthews Simmons Jr, Julio Garros, Paul J Fribourg and Raul Padilla.
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Shares of BG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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