Analysts Set Bunge Global SA (NYSE:BG) PT at $132.67

Bunge Global SA (NYSE:BG) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $132.6667.

BG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Weiss Ratings restated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. BMO Capital Markets boosted their target price on shares of Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Barclays boosted their target price 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. Finally, HSBC lifted their price target on Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd.

Bunge Global Stock Down 1.1%

Shares of NYSE:BG opened at $111.39 on Tuesday. The firm’s 50 day moving average price is $123.66 and its 200 day moving average price is $115.43. The stock has a market cap of $21.61 billion, a price-to-earnings ratio of 25.97 and a beta of 0.62. Bunge Global has a fifty-two week low of $71.60 and a fifty-two week high of $134.87. 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 released its quarterly earnings data on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share for the quarter, topping 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 company had revenue of $21.86 billion for the quarter, compared to analysts’ expectations of $23.38 billion. During the same quarter last year, the company earned $1.81 earnings per share. The firm’s revenue for the quarter was up 87.8% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, equities research analysts predict that Bunge Global will post 9.57 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Tuesday, February 16th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $2.88 annualized dividend and a yield of 2.6%. Bunge Global’s payout ratio is presently 67.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Glencore plc boosted 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 valued at $5,844,735,000 after buying an additional 32,806,103 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 valued at $1,565,136,000 after buying an additional 777,805 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Bunge Global by 86.5% during the 3rd quarter. HighTower Advisors LLC now owns 40,330 shares of the basic materials company’s stock valued at $3,277,000 after buying an additional 18,707 shares during the last quarter. TD Asset Management Inc boosted its stake in shares of Bunge Global by 67.4% during 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. Finally, Pacific Point Advisors LLC purchased a new position in shares of Bunge Global during the 4th quarter valued at approximately $1,436,000. 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.