Bunge Global (NYSE:BG) Stock Rating Lowered by Zacks Research

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

Several other research analysts have also weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and set a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a research note on Wednesday, August 19th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Trading Up 4.3%

NYSE:BG opened at $123.84 on Monday. 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 $76.01 and a 1-year high of $134.87. The firm has a market capitalization of $23.79 billion, a price-to-earnings ratio of 24.05 and a beta of 0.67. The business’s 50-day moving average price is $114.14 and its two-hundred day moving average price is $119.55.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.03. The company had revenue of $24.04 billion during the quarter, compared to analyst estimates of $22.81 billion. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The company’s revenue for the quarter was up 88.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.31 EPS. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. On average, equities analysts expect that Bunge Global will post 9.72 earnings per share for the current year.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney bought 5,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average cost of $105.53 per share, with a total value of $527,650.00. Following the completion of the purchase, the director owned 13,320 shares in the company, valued at approximately $1,405,659.60. The trade was a 60.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Bunge Global

A number of hedge funds have recently modified their holdings of BG. Global Trust Asset Management LLC acquired a new position in shares of Bunge Global in the 1st quarter valued at approximately $47,000. CYBER HORNET ETFs LLC acquired a new stake in Bunge Global during the 2nd quarter worth approximately $31,000. MUFG Securities EMEA plc acquired a new stake in Bunge Global during the 2nd quarter worth approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Bunge Global during the 4th quarter worth approximately $35,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Bunge Global by 152.9% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 430 shares of the basic materials company’s stock valued at $35,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds 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.