Bunge (BG) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bunge in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BG shares.
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8 Wall Street analysts have issued 12-month price targets for Bunge's stock. Their BG share price forecasts range from $110.00 to $141.00. On average, they anticipate the company's stock price to reach $127.50 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
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Bunge's stock was trading at $99.77 at the beginning of 2023. Since then, BG shares have increased by 9.8% and is now trading at $109.5650.
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Bunge saw a increase in short interest in August. As of August 31st, there was short interest totaling 4,460,000 shares, an increase of 13.8% from the August 15th total of 3,920,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the days-to-cover ratio is presently 3.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
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Bunge will be holding an earnings conference call on Thursday, October 26th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "8946006".

Bunge Limited (NYSE:BG) announced its earnings results on Wednesday, August, 2nd. The basic materials company reported $3.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $1.03. The basic materials company had revenue of $15.05 billion for the quarter, compared to analyst estimates of $16.35 billion. Bunge had a net margin of 3.09% and a trailing twelve-month return on equity of 20.12%. Bunge's quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.97 EPS.

Bunge declared a quarterly dividend on Thursday, August 17th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.6625 per share on Friday, December 1st. This represents a $2.65 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, November 16th.
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), 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 (NYSE:BG) pays an annual dividend of $2.65 per share and currently has a dividend yield of 2.39%. 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 20.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BG will have a dividend payout ratio of 22.73% 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, August, 2nd. The company provided earnings per share (EPS) guidance of $11.75- for the period, compared to the consensus earnings per share estimate of $11.60. 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 institutional and retail investors. Top institutional shareholders include Capital World Investors (13.33%), BlackRock Inc. (9.57%), State Street Corp (4.59%), Geode Capital Management LLC (2.13%), Northern Trust Corp (1.78%) and Bank of New York Mellon Corp (1.52%). 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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One share of BG stock can currently be purchased for approximately $109.57.

Bunge (NYSE:BG) has a market capitalization of $16.50 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 $12.94 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.