Bunge Global SA (NYSE:BG) Stock Has Average Price Target of $129.89

Bunge Global SA (NYSE:BG) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $129.89.

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 7th. JPMorgan Chase & Co. decreased their price target on Bunge Global from $140.00 to $139.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. UBS Group upped their price objective on shares of Bunge Global from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $150.00 target price on shares of Bunge Global in a research note on Thursday, August 13th.

Bunge Global Price Performance

Shares of BG stock opened at $103.16 on Tuesday. Bunge Global has a 1-year low of $88.24 and a 1-year high of $134.87. The stock’s 50-day moving average is $112.29 and its 200 day moving average is $116.70. The company has a market cap of $19.82 billion, a P/E ratio of 20.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 0.64.

Bunge Global (NYSE:BG) last announced its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.03. The business had revenue of $24.04 billion during the quarter, compared to the consensus estimate of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The firm’s revenue was up 88.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Research analysts predict that Bunge Global will post 9.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Christopher Mahoney purchased 1,500 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of $107.60 per share, for a total transaction of $161,400.00. Following the purchase, the director owned 14,820 shares in the company, valued at $1,594,632. This trade represents a 11.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Bunge Global

Several institutional investors and hedge funds have recently bought and sold shares of BG. Clark Wealth Partners increased its stake in shares of Bunge Global by 3,657.1% during the third quarter. Clark Wealth Partners now owns 263 shares of the basic materials company’s stock worth $28,000 after buying an additional 256 shares during the period. Global Trust Asset Management LLC purchased a new stake in shares of Bunge Global during the 1st quarter worth approximately $47,000. Ameritas Advisory Services LLC purchased a new stake in shares of Bunge Global during the 2nd quarter worth approximately $50,000. Root Financial Partners LLC boosted its holdings in shares of Bunge Global by 23.5% in the 1st quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after buying an additional 85 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Bunge Global in the 2nd quarter valued at $63,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.

About Bunge Global

Bunge Global SA (NYSE: BG) is a global agribusiness and food company involved in sourcing, processing and distributing agricultural commodities. Its operations span the agricultural supply chain, connecting farmers with food, feed and fuel customers through a network of origination, storage, transportation and processing facilities.

The company processes oilseeds such as soybeans, canola and sunflower seeds into vegetable oils and protein meals used in cooking, packaged foods, animal feed and renewable fuels.