NYSE:BG

Bunge - BG Stock Forecast, Price & News

$100.35

-0.89 (-0.88%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $97.82
▼
$100.71
50-Day Range: $85.63
▼
$112.81
52-Week Range: $73.15
▼
$128.40

Volume: 1.01 million shs
Average Volume: 1.58 million shs
Market Capitalization: $15.24 billion

P/E Ratio: 8.64
Dividend Yield: 2.07%
Price Target: $118.67

Bunge MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 18.3% Upside
$118.67 Price Target
Short Interest: Healthy
2.35% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.79
Upright™ Environmental Score
News Sentiment: 0.11
Based on 14 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -12.97%
From $12.72 to $11.07 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.36 out of 5 stars

Basic Materials Sector

71st out of 177 stocks

Fats & Oils Industry

2nd out of 3 stocks

3.4

Analyst's Opinion

Consensus Rating
Bunge has received a consensus rating of Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $118.67, Bunge has a forecasted upside of 18.3% from its current price of $100.35.
Amount of Analyst Coverage
Bunge has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.35% of the outstanding shares of Bunge have been sold short.
Short Interest Ratio / Days to Cover
Bunge has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bunge has recently increased by 4.69%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Bunge pays a meaningful dividend of 2.07%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bunge has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Bunge is 18.07%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bunge will have a dividend payout ratio of 18.97% next year. This indicates that Bunge will be able to sustain or increase its dividend.

1.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bunge has received a -4.96% net impact score from Upright. The largest negative impact of Bunge Limited in category "GHG emissions" seems to be driven mostly by its "Sugarcane ethanol fuel", "Food warehousing services", "Food transport services", and "Industrial energy production with biomass" products. See details.
Environmental Sustainability
The Environmental Impact score for Bunge is -3.79.

1.7

News and Social Media Coverage

News Sentiment
Bunge has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.31 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Bunge this week, compared to 6 articles on an average week.
Search Interest
Only 21 people have searched for BG on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Bunge to their MarketBeat watchlist in the last 30 days. This is a decrease of -58% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bunge insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Bunge is held by insiders.
Percentage Held by Institutions
86.11% of the stock of Bunge is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Bunge are expected to decrease by -12.97% in the coming year, from $12.72 to $11.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bunge is 8.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.22.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bunge is 8.64, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 82.13.
Price to Earnings Growth Ratio
Bunge has a PEG Ratio of 1.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bunge has a P/B Ratio of 1.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bunge (NYSE:BG) Stock

Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies; and for industrial and biodiesel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that include cooking oils, shortenings, margarines, mayonnaise, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; quinoas and millets; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Limited was founded in 1818 and is headquartered in St. Louis, Missouri.

Bunge Trading Up 2.7 %

Shares of NYSE:BG opened at $101.24 on Monday. The business has a fifty day simple moving average of $94.73 and a 200-day simple moving average of $104.82. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 1.19 and a beta of 0.59. Bunge has a 12 month low of $73.15 and a 12 month high of $128.40. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.33.

Bunge (NYSE:BG - Get Rating) last announced its earnings results on Wednesday, July 27th. The basic materials company reported $2.97 EPS for the quarter, missing the consensus estimate of $3.24 by ($0.27). Bunge had a return on equity of 27.43% and a net margin of 2.73%. The firm had revenue of $17.93 billion during the quarter, compared to analyst estimates of $18.64 billion. During the same quarter in the previous year, the business earned $2.61 earnings per share. The business's quarterly revenue was up 16.5% compared to the same quarter last year. Sell-side analysts predict that Bunge will post 12.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on BG. TheStreet downgraded shares of Bunge from a "b" rating to a "c+" rating in a report on Wednesday, July 27th. Wolfe Research began coverage on Bunge in a research note on Friday. They set an "outperform" rating and a $127.00 price objective for the company. JPMorgan Chase & Co. upgraded Bunge from a "neutral" rating to an "overweight" rating and cut their target price for the company from $130.00 to $106.00 in a research note on Thursday, July 7th. Barclays increased their price objective on shares of Bunge from $120.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, April 25th. Finally, Credit Suisse Group reduced their price objective on shares of Bunge from $140.00 to $125.00 and set an "outperform" rating for the company in a report on Friday, June 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.67.

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BG Stock News Headlines

August 15, 2022 | americanbankingnews.com

Bunge Limited (NYSE:BG) Given Average Rating of "Moderate Buy" by Analysts

August 14, 2022 | americanbankingnews.com

Wolfe Research Initiates Coverage on Bunge (NYSE:BG)

August 12, 2022 | nasdaq.com

Bunge (BG) Shares Cross Above 200 DMA - Nasdaq

August 12, 2022 | nasdaq.com

5 Stocks Worth a Look Following Upgrade by Brokers - Nasdaq

August 12, 2022 | streetinsider.com

UPDATE: Wolfe Research Starts Bunge (BG) at Outperform - StreetInsider.com

August 12, 2022 | benzinga.com

Bunge Declares Quarterly Dividend on Common Shares - Benzinga

August 10, 2022 | benzinga.com

Edible Oils Market Top Companies Analysis | Bunge Limited, Cargill, Incorporated, Adani Group, American - Benzinga

August 10, 2022 | globenewswire.com

Edible Oils Market Top Companies Analysis | Bunge Limited, Cargill, Incorporated, Adani Group, American Vegetable Oils, Inc. and Among Others - GlobeNewswire

August 9, 2022 | reuters.com

BP, Bunge put Brazil sugar and ethanol business up for sale - report - Reuters.com

August 3, 2022 | bizjournals.com

Two St. Louis-area companies made the Fortune Global 500 ranking: Bunge and Centene - St. Louis Business Journal - The Business Journals

August 2, 2022 | nasdaq.com

What Do Falling Food Prices Mean for These Stocks? - Nasdaq

August 2, 2022 | reuters.com

Bunge supplying Brazil's Petrobras with soyoil for diesel production - Reuters

August 2, 2022 | seekingalpha.com

Reasons That Make Bunge Stock A Buy (NYSE:BG) - Seeking Alpha

August 1, 2022 | reuters.com

South Korea's CJ says no to sale of Brazil soy crusher, sources say - Reuters.com

August 1, 2022 | americanbankingnews.com

Bunge (NYSE:BG) Price Target Cut to $125.00 by Analysts at Barclays

July 31, 2022 | americanbankingnews.com

StockNews.com Downgrades Bunge (NYSE:BG) to Hold

July 31, 2022 | americanbankingnews.com

Bunge (NYSE:BG) Downgraded by TheStreet to C+

July 29, 2022 | nasdaq.com

Bunge (NYSE:BG) Is Increasing Its Dividend To $0.625 - Nasdaq

July 28, 2022 | bizjournals.com

2022 Fire Awards: With its new crop, CoverCress achieves 'once in a lifetime' opportunity - The Business Journals

July 28, 2022 | benzinga.com

Bunge's Return On Capital Employed Overview - Benzinga

July 28, 2022 | finance.yahoo.com

Bunge Boosts FY22 EPS Outlook Citing Solid Q2 Results, Current Market Environment

July 28, 2022 | seekingalpha.com

Bunge Limited (BG) CEO Greg Heckman on Q2 2022 Results - Earnings Call Transcript

July 28, 2022 | msn.com

Bunge's Return On Capital Employed Overview

July 28, 2022 | seekingalpha.com

Bunge Q2 2022 Earnings Preview (NYSE:BG) - Seeking Alpha

July 27, 2022 | benzinga.com

Bunge Limited shares are trading lower after the company reported Q2 financial results. - Benzinga - Benzinga

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BG Company Calendar

Ex-Dividend for 6/2 Dividend: 5/18/2022
Dividend Payable: 6/02/2022
Last Earnings: 7/27/2022
Today: 8/15/2022
Ex-Dividend for 9/2 Dividend: 8/18/2022
Dividend Payable: 9/02/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fats & oils
Sub-Industry: Agricultural Products
Sector: Basic Materials
Current Symbol: NYSE:BG
CUSIP: G1696210
CIK: 1144519
Web: www.bunge.com
Phone: (314) 292-2000
Fax: 914-684-3499
Employees: 22,000
Year Founded: 1818

Price Target and Rating

Average Stock Price Forecast: $118.67
High Stock Price Forecast: $135.00
Low Stock Price Forecast: $92.00
Forecasted Upside/Downside: +18.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.89
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.62
Trailing P/E Ratio: 8.64
Forward P/E Ratio: 7.89
P/E Growth: 1.19
Net Income: $2.08 billion
Net Margins: 2.73%
Pretax Margin: 3.25%
Return on Equity: 27.43%
Return on Assets: 8.44%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 1.51
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $59.15 billion
Price / Sales: 0.26
Cash Flow: $16.64 per share
Price / Cash Flow: 6.03
Book Value: $50.78 per share
Price / Book: 1.98

Miscellaneous

Outstanding Shares: 151,898,000
Free Float: 148,556,000
Market Cap: $15.24 billion
Optionable: Optionable
Beta: 0.59

Social Links

Key Executives

Mr. Gregory A. Heckman (Age 60)
CEO & Director
Comp: $6.16M
Mr. John W. Neppl CPA (Age 56)
Exec. VP & CFO
Comp: $2.46M
Mr. Raul Padilla (Age 66)
Special Advisor to the CEO
Comp: $1.43M
Mr. Christos Dimopoulos (Age 48)
Pres of Global Supply Chains
Comp: $5.08M
Mr. Julio Garros (Age 46)
Pres of Agribusiness Devel., Operations & Milling
Mr. Jerry Matthews Simmons Jr. (Age 57)
Principal Accounting Officer & Controller
Ms. Ruth Ann Wisener (Age 56)
VP of Investor Relations
Mr. Joseph A. Podwika (Age 59)
Exec. VP & Chief Legal Officer
Ms. Deborah Borg (Age 45)
Exec. VP and Chief HR & Communications Officer
Mr. Pierre Mauger (Age 50)
Chief Transformation Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BG Stock - Frequently Asked Questions

Should I buy or sell Bunge stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bunge in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BG shares.
View BG analyst ratings or view top-rated stocks.
What is Bunge's stock price forecast for 2022?: 9 analysts have issued 1 year target prices for Bunge's shares. Their BG share price forecasts range from $92.00 to $135.00. On average, they predict the company's stock price to reach $118.67 in the next twelve months. This suggests a possible upside of 18.3% from the stock's current price.
View analysts price targets for BG or view top-rated stocks among Wall Street analysts.
How have BG shares performed in 2022?: Bunge's stock was trading at $93.36 on January 1st, 2022. Since then, BG shares have increased by 7.5% and is now trading at $100.35.
View the best growth stocks for 2022 here.
Are investors shorting Bunge?: Bunge saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 3,540,000 shares, an increase of 25.1% from the June 15th total of 2,830,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is presently 2.1 days.
View Bunge's Short Interest.
When is Bunge's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our BG earnings forecast.
How were Bunge's earnings last quarter?: Bunge Limited (NYSE:BG) issued its quarterly earnings data on Wednesday, July, 27th. The basic materials company reported $2.97 earnings per share for the quarter, missing analysts' consensus estimates of $3.24 by $0.27. The basic materials company earned $17.93 billion during the quarter, compared to the consensus estimate of $18.64 billion. Bunge had a net margin of 2.73% and a trailing twelve-month return on equity of 27.43%. The firm's quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.61 earnings per share.
How often does Bunge pay dividends? What is the dividend yield for Bunge?: Bunge announced a quarterly dividend on Monday, August 15th. Investors of record on Friday, November 18th will be paid a dividend of $0.625 per share on Friday, December 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, November 17th.
Read our dividend analysis for BG.
Is Bunge a good dividend stock?: Bunge (NYSE:BG) pays an annual dividend of $2.10 per share and currently has a dividend yield of 2.07%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BG will have a dividend payout ratio of 18.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BG.

What guidance has Bunge issued on next quarter's earnings?: Bunge updated its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $12.00- for the period. The company issued revenue guidance of -.
What is Gregory A. Heckman's approval rating as Bunge's CEO?: 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.
What other stocks do shareholders of Bunge own?: 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).
What is Bunge's stock symbol?: Bunge trades on the New York Stock Exchange (NYSE) under the ticker symbol "BG."
Who are Bunge's major shareholders?: Bunge's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (4.20%), UBS Asset Management Americas Inc. (2.87%), Northern Trust Corp (1.32%), Millennium Management LLC (1.28%), Deutsche Bank AG (0.85%) and Van ECK Associates Corp (0.74%). Insiders that own company stock include Bernardo Hees, Brian Zachman, Christos Dimopoulos, Deborah Borg, Grain Co Continental, Gregory A Heckman, Henry Ward Iv Winship, J Erik Fyrwald, Jerry Matthews Simmons Jr, John W Neppl, Joseph Podwika, Julio Garros, Paul J Fribourg, Raul Padilla and Vinita Bali.
View institutional ownership trends.
How do I buy shares of Bunge?: 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.
What is Bunge's stock price today?: One share of BG stock can currently be purchased for approximately $100.35.
How much money does Bunge make?: Bunge (NYSE:BG) has a market capitalization of $15.24 billion and generates $59.15 billion in revenue each year. The basic materials company earns $2.08 billion in net income (profit) each year or $11.62 on an earnings per share basis.
How many employees does Bunge have?: The company employs 22,000 workers across the globe.
When was Bunge founded?: Bunge was founded in 1818.
How can I contact Bunge?: 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.

This page (NYSE:BG) was last updated on 8/15/2022 by MarketBeat.com Staff

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Bunge - BG Stock Forecast, Price & News

Bunge MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability