Bunge - BG Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bunge in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BG shares.
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8 Wall Street research analysts have issued 1 year target prices for Bunge's stock. Their BG share price forecasts range from $106.00 to $135.00. On average, they expect the company's share price to reach $125.13 in the next year. This suggests a possible upside of 31.4% from the stock's current price.
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Bunge's stock was trading at $99.77 at the beginning of the year. Since then, BG stock has decreased by 4.6% and is now trading at $95.19.
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Bunge saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 2,490,000 shares, a drop of 10.8% from the February 28th total of 2,790,000 shares. Based on an average daily trading volume, of 1,800,000 shares, the short-interest ratio is currently 1.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
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Bunge Limited (NYSE:BG) posted its quarterly earnings results on Wednesday, February, 8th. The basic materials company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.05. The basic materials company had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $18.20 billion. Bunge had a net margin of 2.39% and a trailing twelve-month return on equity of 22.89%. Bunge's revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $3.49 EPS.

Bunge announced a quarterly dividend on Wednesday, February 22nd. Investors of record on Friday, May 19th will be given a dividend of $0.625 per share on Friday, June 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, May 18th.
Read our dividend analysis for BG.

ETFs with the largest weight of Bunge (NYSE:BG) stock in their portfolio include First Trust Nasdaq Food & Beverage ETF (FTXG), Leatherback Long/Short Alternative Yield ETF (LBAY), VanEck Future of Food ETF (YUMY), First Trust Consumer Staples AlphaDEX Fund (FXG), Horizon Kinetics Inflation Beneficiaries ETF (INFL), VanEck Agribusiness ETF (MOO), BlackRock Future Climate and Sustainable Economy ETF (BECO) and iShares MSCI Agriculture Producers ETF (VEGI).

Bunge (NYSE:BG) pays an annual dividend of $2.50 per share and currently has a dividend yield of 2.66%. 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 23.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BG will have a dividend payout ratio of 24.15% 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, February, 8th. The company provided earnings per share (EPS) guidance of $11.00- for the period, compared to the consensus estimate of $12.00. 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 number of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.55%), Price T Rowe Associates Inc. MD (1.30%), Geode Capital Management LLC (1.30%), Norges Bank (1.25%), Morgan Stanley (1.19%) and Amundi (0.94%). 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 $95.19.

Bunge (NYSE:BG) has a market capitalization of $14.27 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 $10.52 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.