Bunge Global SA (NYSE:BG) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Bunge Global SA (NYSE:BG) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $129.89.

Several research analysts recently commented on BG shares. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research report on Wednesday, August 19th. UBS Group boosted their price target on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. cut their price objective on Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a report on Monday, October 12th.

Bunge Global Stock Down 1.1%

Shares of BG stock opened at $102.06 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. Bunge Global has a 1 year low of $88.24 and a 1 year high of $134.87. The firm’s fifty day moving average price is $111.95 and its two-hundred day moving average price is $116.95. The firm has a market capitalization of $19.61 billion, a P/E ratio of 19.82 and a beta of 0.73.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The firm had revenue of $24.04 billion for the quarter, compared to analysts’ expectations of $22.81 billion. During the same period in the previous year, the firm posted $1.31 EPS. The company’s revenue for the quarter was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, equities analysts predict that Bunge Global will post 9.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $105.53 per share, with a total value of $527,650.00. Following the completion of the transaction, the director owned 13,320 shares of the company’s stock, valued at $1,405,659.60. The trade was a 60.10% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Bunge Global in the 2nd quarter valued at about $266,653,000. Robeco Institutional Asset Management B.V. grew its holdings in Bunge Global by 638.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,071,356 shares of the basic materials company’s stock worth $217,777,000 after purchasing an additional 1,790,978 shares during the period. Amundi increased its position in Bunge Global by 9.4% during the first quarter. Amundi now owns 1,186,039 shares of the basic materials company’s stock worth $150,853,000 after buying an additional 101,942 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Bunge Global by 3,023.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 520,120 shares of the basic materials company’s stock worth $54,599,000 after buying an additional 503,469 shares during the last quarter. Finally, Swiss National Bank increased its position in Bunge Global by 3.5% during the first quarter. Swiss National Bank now owns 397,200 shares of the basic materials company’s stock worth $50,524,000 after buying an additional 13,500 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

Bunge Global Company Profile

Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.

The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.