Bunge Global (NYSE:BG) Upgraded to “Hold” at Zacks Research

Bunge Global (NYSE:BG) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

BG has been the topic of several other reports. BMO Capital Markets increased their price target on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. Barclays increased their price target on shares of Bunge Global from $85.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, Stephens increased their price target on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Bunge Global presently has a consensus rating of “Hold” and a consensus price target of $97.71.

Bunge Global Trading Down 2.5%

Shares of NYSE:BG opened at $94.80 on Monday. Bunge Global has a 52-week low of $67.40 and a 52-week high of $99.40. The company has a market capitalization of $18.97 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 8.44 and a beta of 0.66. The company has a 50-day simple moving average of $83.63 and a 200 day simple moving average of $80.27. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 2.07.

Bunge Global (NYSE:BG) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.12. The business had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted $1.73 EPS. Bunge Global has set its FY 2025 guidance at 7.750-7.750 EPS. Sell-side analysts forecast that Bunge Global will post 7.94 earnings per share for the current year.

Insider Activity at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the stock in a transaction dated Monday, August 18th. The shares were bought at an average cost of $81.73 per share, with a total value of $408,650.00. Following the completion of the acquisition, the director owned 7,164 shares of the company’s stock, valued at $585,513.72. This trade represents a 231.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Bunge Global

A number of hedge funds have recently added to or reduced their stakes in BG. SBI Securities Co. Ltd. lifted its position in Bunge Global by 9.8% during the second quarter. SBI Securities Co. Ltd. now owns 1,360 shares of the basic materials company’s stock valued at $109,000 after buying an additional 121 shares in the last quarter. M&T Bank Corp lifted its position in Bunge Global by 1.9% during the second quarter. M&T Bank Corp now owns 6,743 shares of the basic materials company’s stock valued at $541,000 after buying an additional 124 shares in the last quarter. Allworth Financial LP lifted its position in Bunge Global by 18.4% during the first quarter. Allworth Financial LP now owns 940 shares of the basic materials company’s stock valued at $76,000 after buying an additional 146 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Bunge Global by 0.9% during the first quarter. Public Sector Pension Investment Board now owns 17,288 shares of the basic materials company’s stock valued at $1,321,000 after buying an additional 149 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in Bunge Global by 0.5% during the second quarter. Retirement Systems of Alabama now owns 28,841 shares of the basic materials company’s stock valued at $2,315,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.

Bunge Global Company Profile

Bunge Global SA 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 comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.