Bunge Global SA (NYSE:BG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Bunge Global SA (NYSE:BG) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $132.6667.

A number of brokerages have recently issued reports on BG. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Friday, May 22nd. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. BMO Capital Markets boosted their price target on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. increased their price target on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. Finally, Barclays raised their price objective on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th.

Bunge Global Price Performance

Shares of NYSE BG opened at $115.68 on Friday. Bunge Global has a twelve month low of $71.60 and a twelve month high of $134.87. The firm has a fifty day simple moving average of $118.90 and a 200 day simple moving average of $117.93. The company has a market capitalization of $22.44 billion, a PE ratio of 26.97 and a beta of 0.65. The company has a quick ratio of 0.69, a current ratio of 1.60 and a debt-to-equity ratio of 0.57.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The business had revenue of $21.86 billion for the quarter, compared to analysts’ expectations of $23.38 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. The business’s quarterly revenue was up 87.8% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. On average, sell-side analysts forecast that Bunge Global will post 9.61 EPS for the current year.

Institutional Investors Weigh In On Bunge Global

A number of large investors have recently bought and sold shares of the stock. Glencore plc boosted its position in shares of Bunge Global by 100.0% during the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock worth $5,844,735,000 after purchasing an additional 32,806,103 shares in the last quarter. Vanguard Group Inc. increased its position in Bunge Global by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after buying an additional 777,805 shares in the last quarter. Capital World Investors increased its position in Bunge Global by 2.5% in the 4th quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock valued at $1,478,960,000 after buying an additional 402,320 shares in the last quarter. State Street Corp raised its stake in Bunge Global by 0.3% during the 4th quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock worth $618,260,000 after buying an additional 18,819 shares during the period. Finally, FIL Ltd raised its stake in Bunge Global by 8.0% during the 4th quarter. FIL Ltd now owns 2,426,049 shares of the basic materials company’s stock worth $216,112,000 after buying an additional 179,850 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

About Bunge Global

Bunge Global is a leading agribusiness and food company that processes oilseeds and grains, produces sugar and bioenergy, and supplies fertilizers and other agricultural inputs. The company operates an integrated value chain that spans origination, processing, and distribution, enabling it to serve food processors, livestock producers, and retail customers worldwide. Through its network of processing plants, port terminals and logistics assets, Bunge handles a diverse portfolio of commodities, including soybeans, corn, wheat, vegetable oils, and sugarcane.

The company’s core business activities are organized into agribusiness and food & ingredients segments.