Bunge Global (NYSE:BG – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.
Other equities analysts have also issued research reports about the company. BMO Capital Markets raised their price objective on Bunge Global from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a research report on Friday, May 22nd. Finally, Barclays increased their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.67.
Bunge Global Stock Performance
Bunge Global (NYSE:BG – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. The company 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 0.85% and a return on equity of 8.60%. The firm’s quarterly revenue was up 88.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Equities research analysts predict that Bunge Global will post 9.74 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Quest 10 Wealth Builders Inc. bought a new stake in Bunge Global during the fourth quarter worth $27,000. Global Trust Asset Management LLC bought a new position in shares of Bunge Global in the 1st quarter valued at $47,000. CYBER HORNET ETFs LLC bought a new position in shares of Bunge Global in the 2nd quarter valued at $31,000. MUFG Securities EMEA plc acquired a new position in shares of Bunge Global during the 2nd quarter worth $32,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Bunge Global during the 4th quarter worth $35,000. 86.23% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Bunge Global
Here are the key news stories impacting Bunge Global this week:
- Positive Sentiment: Strong quarterly performance: Bunge reported adjusted diluted EPS of $2.00, compared with $1.31 a year earlier, while revenue surged 88.3% to $24.04 billion. Results were supported by strong soybean and softseed processing and refining margins. Bunge beats second-quarter profit estimates on strong processing margins
- Positive Sentiment: Higher earnings outlook: Management raised its fiscal 2026 adjusted EPS guidance to $9.25-$9.75 from $9.00-$9.50, citing stronger business conditions and Viterra integration synergies running ahead of plan. The company also repurchased approximately $250 million of shares and completed the $2 billion buyback program connected to the Viterra transaction. Bunge forecasts 2026 adjusted EPS of $9.25-$9.75
- Neutral Sentiment: Mixed estimate comparisons: The $2.00 adjusted EPS result exceeded some published analyst estimates, including a $1.97 consensus, but fell short of Zacks’ $2.03 estimate. This discrepancy may have contributed to uncertainty around the quality of the beat. Bunge Global earnings results
- Negative Sentiment: Guidance may have disappointed investors: Despite the raised outlook, the new range is only a modest increase and broadly near expectations. Investors may have been looking for a larger upward revision after the strong quarter.
- Negative Sentiment: Uneven segment results and accounting effects: Grain merchandising, milling, sugar and parts of the European soybean business remained under pressure. A reported negative mark-to-market timing impact of approximately $1.67 per share also clouded the quarter, even though management expects the effect to reverse over time.
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.
Further Reading
- Five stocks we like better than Bunge Global
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Bunge Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Global and related companies with MarketBeat.com's FREE daily email newsletter.
