Bunge Global (NYSE:BG) Downgraded to “Hold” Rating by Zacks Research

Zacks Research lowered shares of Bunge Global (NYSE:BG) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks reports.

BG has been the subject of a number of other reports. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a research note on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.

Bunge Global Stock Up 4.3%

Shares of BG stock opened at $123.84 on Monday. Bunge Global has a 1 year low of $76.01 and a 1 year high of $134.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 1.57. The business’s fifty day moving average is $114.14 and its 200-day moving average is $119.55. The stock has a market cap of $23.79 billion, a PE ratio of 24.05 and a beta of 0.67.

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

Insider Buying and Selling at Bunge Global

In other Bunge Global news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction that occurred 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 approximately $1,405,659.60. This represents a 60.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Bunge Global

A number of institutional investors have recently bought and sold shares of BG. CYBER HORNET ETFs LLC acquired a new position in shares of Bunge Global in the 2nd quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new position in Bunge Global in the 2nd quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Bunge Global in the 4th quarter worth approximately $35,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Bunge Global by 152.9% during the 3rd 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 during the period. Finally, Rakuten Securities Inc. grew its holdings in shares of Bunge Global by 57.7% during the 2nd quarter. Rakuten Securities Inc. now owns 481 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 176 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

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.