Bunge (BG) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bunge in the last twelve months. 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 Wall Street analysts have issued 1 year price objectives for Bunge's shares. Their BG share price forecasts range from $105.00 to $133.00. On average, they expect the company's stock price to reach $121.20 in the next year. This suggests a possible upside of 32.0% 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 stock has decreased by 7.9% and is now trading at $91.85.
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Bunge saw a decrease in short interest in April. As of April 30th, there was short interest totaling 4,100,000 shares, a decrease 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 short-interest ratio is presently 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) announced its quarterly earnings data on Wednesday, May, 3rd. The basic materials company reported $3.26 earnings per share for the quarter, missing the consensus estimate of $3.39 by $0.13. The basic materials company earned $15.33 billion during the quarter, compared to the consensus estimate of $15.18 billion. Bunge had a trailing twelve-month return on equity of 20.13% and a net margin of 2.33%. Bunge's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.26 earnings per share.

Bunge declared a quarterly dividend on Thursday, May 11th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.6625 per share on Friday, September 1st. This represents a $2.65 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, August 17th. This is a positive change 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 2.71%. 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 issued an update on 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 many different institutional and retail 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 $91.85.

Bunge (NYSE:BG) has a market capitalization of $13.83 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.