Bunge Global (NYSE:BG) Rating Lowered to Hold at Zacks Research

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

A number of other research firms have also recently issued reports on BG. Barclays increased their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. upped their price objective on Bunge Global from $130.00 to $134.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 24th. BMO Capital Markets increased their price objective on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Finally, Morgan Stanley boosted their target price on Bunge Global from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 11th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.67.

Bunge Global Price Performance

NYSE BG opened at $106.58 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.69 and a current ratio of 1.60. Bunge Global has a 52-week low of $71.60 and a 52-week high of $134.87. The business has a 50 day simple moving average of $122.16 and a 200 day simple moving average of $116.13. The stock has a market cap of $20.68 billion, a price-to-earnings ratio of 24.84 and a beta of 0.62.

Bunge Global (NYSE:BG) last issued its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.86. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. The company had revenue of $21.86 billion during the quarter, compared to the consensus estimate of $23.38 billion. During the same quarter in the prior year, the firm earned $1.81 earnings per share. The firm’s 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. Analysts anticipate that Bunge Global will post 9.57 earnings per share for the current fiscal year.

Institutional Trading of Bunge Global

A number of hedge funds and other institutional investors have recently modified their holdings of BG. Glencore plc lifted its stake 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 buying an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Bunge Global by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock worth $1,565,136,000 after buying an additional 777,805 shares during the period. TD Asset Management Inc grew its stake in Bunge Global by 67.4% in the 3rd quarter. TD Asset Management Inc now owns 60,994 shares of the basic materials company’s stock valued at $4,956,000 after buying an additional 24,565 shares during the last quarter. Pacific Point Advisors LLC acquired a new position in Bunge Global in the 4th quarter valued at about $1,436,000. Finally, Picton Mahoney Asset Management bought a new position in Bunge Global in the 3rd quarter valued at about $953,000. Institutional investors and hedge funds own 86.23% of the company’s stock.

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.