Bunge Global (NYSE:BG) Hits New 1-Year High – What’s Next?

Bunge Global SA (NYSE:BG) reached a new 52-week high during trading on Friday . The company traded as high as $129.00 and last traded at $128.3190, with a volume of 294922 shares. The stock had previously closed at $125.76.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BG shares. Barclays lifted their price target on Bunge Global from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Bunge Global in a research note on Thursday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a report on Tuesday, December 2nd. UBS Group reiterated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. Finally, HSBC raised their price target on shares of Bunge Global from $80.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.10.

Bunge Global Trading Up 3.0%

The company has a current ratio of 1.61, a quick ratio of 0.74 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $25.06 billion, a PE ratio of 23.91, a P/E/G ratio of 0.80 and a beta of 0.75. The stock has a 50 day moving average price of $118.81 and a 200-day moving average price of $100.56.

Bunge Global (NYSE:BG) last posted its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.17. The company had revenue of $23.76 billion during the quarter, compared to analysts’ expectations of $23 billion. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.Bunge Global’s revenue for the quarter was up 75.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Sell-side analysts expect that Bunge Global SA will post 7.94 earnings per share for the current year.

Hedge Funds Weigh In On Bunge Global

Several institutional investors have recently made changes to their positions in the business. Glencore plc purchased a new position in shares of Bunge Global in the third quarter valued at $2,665,496,000. Bryce Point Capital LLC bought a new position in Bunge Global during the third quarter valued at $535,000. Polianta Ltd purchased a new position in shares of Bunge Global in the 3rd quarter worth $1,560,000. AE Wealth Management LLC grew its stake in shares of Bunge Global by 2.9% in the 3rd quarter. AE Wealth Management LLC now owns 168,635 shares of the basic materials company’s stock worth $13,702,000 after buying an additional 4,691 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Bunge Global by 719.2% in the 3rd quarter. Voya Investment Management LLC now owns 303,928 shares of the basic materials company’s stock worth $24,694,000 after buying an additional 266,827 shares during the last quarter. Institutional investors 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.