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Bunge - BG Stock Forecast, Price & News

$96.29
-0.46 (-0.48%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$96.07
$97.78
50-Day Range
$85.63
$118.32
52-Week Range
$73.15
$128.40
Volume
1.15 million shs
Average Volume
1.50 million shs
Market Capitalization
$14.63 billion
P/E Ratio
8.29
Dividend Yield
2.17%
Price Target
$117.63

Bunge MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
22.2% Upside
$117.63 Price Target
Short Interest
Healthy
2.24% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.79
Upright™ Environmental Score
News Sentiment
-0.08mentions of Bunge in the last 14 days
Based on 6 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.

2.15 out of 5 stars

Basic Materials Sector

100th out of 166 stocks

Fats & Oils Industry

3rd out of 3 stocks

BG stock logo

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.

Analyst Ratings Changes

BG has been the topic of several recent analyst reports. Barclays raised their target price on Bunge from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, April 25th. Bank of America raised Bunge from a "neutral" rating to a "buy" rating and cut their target price for the stock from $140.00 to $135.00 in a research note on Thursday, June 30th. JPMorgan Chase & Co. raised Bunge from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $130.00 to $106.00 in a research note on Thursday, July 7th. StockNews.com cut Bunge from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. Finally, Monness Crespi & Hardt initiated coverage on Bunge in a research note on Wednesday, July 6th. They issued a "buy" rating and a $130.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.63.

Bunge Stock Performance

Bunge stock opened at $96.29 on Tuesday. The stock's 50 day simple moving average is $96.04 and its two-hundred day simple moving average is $104.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.71 and a current ratio of 1.51. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.14 and a beta of 0.59. Bunge has a fifty-two week low of $73.15 and a fifty-two week high of $128.40.

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

Bunge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given a $0.625 dividend. This is a boost from Bunge's previous quarterly dividend of $0.53. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, August 18th. Bunge's payout ratio is currently 18.07%.

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BG Stock News Headlines

StockNews.com Downgrades Bunge (NYSE:BG) to Hold
Bunge (NYSE:BG) Downgraded by TheStreet to C+
Bunge: Q2 Earnings Snapshot - Greenwich Time
Bunge posts 15% rise in profit
Bunge Q2 Profit Down; Lifts FY Adj. EPS Outlook
See More Headlines
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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
8/09/2022
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

Industry, Sector and Symbol

Industry
Fats & oils
Sub-Industry
Agricultural Products
CUSIP
G1696210
Employees
22,000
Year Founded
1818

Price Target and Rating

Average Stock Price Forecast
$117.63
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$92.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
8 Analysts

Profitability

Net Income
$2.08 billion
Pretax Margin
3.25%

Debt

Sales & Book Value

Annual Sales
$59.15 billion
Cash Flow
$16.72 per share
Book Value
$50.78 per share

Miscellaneous

Free Float
148,556,000
Market Cap
$14.63 billion
Optionable
Optionable
Beta
0.59

Social Links















BG Stock - Frequently Asked Questions

Should I buy or sell Bunge stock right now?

8 Wall Street equities research 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 equities research 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?

8 equities research 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 share price to reach $117.63 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
View analysts price targets for BG
or view top-rated stocks among Wall Street analysts.

How has Bunge's stock price performed in 2022?

Bunge's stock was trading at $93.36 at the beginning of the year. Since then, BG shares have increased by 3.1% and is now trading at $96.29.
View the best growth stocks for 2022 here
.

Are investors shorting Bunge?

Bunge saw a increase in short interest in 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 currently 2.1 days.
View Bunge's Short Interest
.

When is Bunge's next earnings date?

Bunge 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 the consensus estimate of $3.24 by $0.27. The basic materials company had revenue of $17.93 billion for the quarter, compared to analysts' expectations of $18.64 billion. Bunge had a trailing twelve-month return on equity of 27.43% and a net margin of 2.73%. Bunge's quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.61 EPS.

How often does Bunge pay dividends? What is the dividend yield for Bunge?

Bunge announced a quarterly dividend on Friday, May 13th. Stockholders of record on Friday, August 19th will be given a dividend of $0.625 per share on Friday, September 2nd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Thursday, August 18th. This is an increase from the stock's previous quarterly dividend of $0.53.
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 2.17%. 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 institutional and retail investors. Top institutional investors include Van ECK Associates Corp (0.74%), DAVENPORT & Co LLC (0.48%), Walleye Trading LLC (0.00%), Artemis Investment Management LLP (0.37%), Sumitomo Mitsui Trust Holdings Inc. (0.27%) and Horizon Kinetics Asset Management LLC (0.26%). 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 $96.29.

How much money does Bunge make?

Bunge (NYSE:BG) has a market capitalization of $14.63 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?

Bunge 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 8/9/2022 by MarketBeat.com Staff

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