Bunge Global (NYSE:BG) Downgraded to Hold Rating by Zacks Research

Bunge Global (NYSE:BG) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

BG has been the topic of a number of other reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research report on Thursday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Bunge Global Trading Up 4.3%

Shares of NYSE BG opened at $123.84 on Monday. Bunge Global has a one year low of $76.01 and a one year high of $134.87. The firm has a market capitalization of $23.79 billion, a PE ratio of 24.05 and a beta of 0.67. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $114.14 and a two-hundred day moving average price of $119.55.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. The company had revenue of $24.04 billion for the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The firm’s quarterly revenue was up 88.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, analysts predict that Bunge Global will post 9.72 earnings per share for the current fiscal year.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 1,500 shares of Bunge Global stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the director directly owned 14,820 shares of the company’s stock, valued at $1,594,632. The trade was a 11.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BG. California State Teachers Retirement System lifted its stake in shares of Bunge Global by 11,553.9% in the 2nd quarter. California State Teachers Retirement System now owns 18,316,682 shares of the basic materials company’s stock valued at $1,954,939,000 after purchasing an additional 18,159,510 shares during the last quarter. Capital World Investors increased its position in Bunge Global by 2.5% during the fourth quarter. Capital World Investors now owns 16,602,320 shares of the basic materials company’s stock worth $1,478,960,000 after buying an additional 402,320 shares during the last quarter. State Street Corp raised its holdings in Bunge Global by 0.3% during the fourth quarter. State Street Corp now owns 6,940,141 shares of the basic materials company’s stock valued at $618,260,000 after buying an additional 18,819 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Bunge Global during the second quarter valued at about $266,653,000. Finally, FIL Ltd lifted its position in shares of Bunge Global by 8.0% in the fourth 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 last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Company Profile

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.