Bunge (BG) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bunge in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BG shares.
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9 equities research analysts have issued twelve-month target prices for Bunge's shares. Their BG share price forecasts range from $105.00 to $133.00. On average, they anticipate the company's share price to reach $121.22 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price.
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Bunge's stock was trading at $99.77 on January 1st, 2023. Since then, BG shares have decreased by 5.5% and is now trading at $94.30.
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Bunge saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 4,100,000 shares, a decline of 26.0% from the April 15th total of 5,540,000 shares. Based on an average daily trading volume, of 1,900,000 shares, the days-to-cover ratio is currently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Bunge Limited (NYSE:BG) issued its earnings results on Wednesday, May, 3rd. The basic materials company reported $3.26 EPS for the quarter, missing analysts' consensus estimates of $3.39 by $0.13. The basic materials company had revenue of $15.33 billion for the quarter, compared to analyst estimates of $15.18 billion. Bunge had a net margin of 2.33% and a trailing twelve-month return on equity of 20.13%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.26 earnings per share.

Bunge announced a quarterly dividend on Thursday, May 11th. Stockholders of record on Friday, August 18th will be given a dividend of $0.6625 per share on Friday, September 1st. This represents a $2.65 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, August 17th. This is an increase from the stock's previous quarterly dividend of $0.63.
Read our dividend analysis for BG.

ETFs with the largest weight of Bunge (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), Subversive Food Security ETF (KCAL), Invesco DWA Consumer Staples Momentum ETF (PSL), OneAscent Large Cap Core ETF (OALC), Horizon Kinetics Inflation Beneficiaries ETF (INFL) and VanEck Agribusiness ETF (MOO).

Bunge (NYSE:BG) pays an annual dividend of $2.50 per share and currently has a dividend yield of 2.65%. 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 24.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BG will have a dividend payout ratio of 23.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BG.

Bunge updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $11.00- for the period, compared to the consensus estimate of $11.81. The company issued revenue guidance of -.

21 employees have rated Bunge 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 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BG."

Bunge's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include State Street Corp (4.52%), FMR LLC (3.66%), Geode Capital Management LLC (2.06%), FIL Ltd (1.95%), Bank of New York Mellon Corp (1.70%) and Dimensional Fund Advisors LP (1.53%). Insiders that own company stock include Bernardo Hees, Christos Dimopoulos, Deborah Borg, Grain Co Continental, Jerry Matthews Simmons Jr, Julio Garros, Paul J Fribourg, Raul Padilla and Vinita Bali.
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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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One share of BG stock can currently be purchased for approximately $94.30.

Bunge (NYSE:BG) has a market capitalization of $14.20 billion and generates $67.23 billion in revenue each year. The basic materials company earns $1.61 billion in net income (profit) each year or $10.19 on an earnings per share basis.

The company employs 23,000 workers across the globe.

Bunge's mailing address is 1391 TIMBERLAKE MANOR PARKWAY, ST. LOUIS MO, 63017. The official website for the company is www.bunge.com. The basic materials company can be reached via phone at (314) 292-2000, via email at ruthann.wisener@bunge.com, or via fax at 914-684-3499.