Bunge (BG) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bunge in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BG shares.
View BG analyst ratings or view top-rated stocks.

8 equities research analysts have issued 12-month target prices for Bunge's shares. Their BG share price forecasts range from $110.00 to $141.00. On average, they anticipate the company's share price to reach $127.50 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
View analysts price targets for BG or view top-rated stocks among Wall Street analysts.

Bunge's stock was trading at $99.77 at the start of the year. Since then, BG stock has increased by 10.6% and is now trading at $110.3950.
View the best growth stocks for 2023 here.

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 currently 3.6 days.
View Bunge's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our BG earnings forecast.

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

Bunge announced a quarterly dividend on Thursday, August 17th. Investors 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 annualized dividend and a dividend yield of 2.40%. 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 2.35%. 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 EPS guidance of $11.75- for the period, compared to the consensus 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 many different retail and institutional investors. Top institutional investors 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of BG stock can currently be purchased for approximately $110.40.

Bunge (NYSE:BG) has a market capitalization of $16.63 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.