JPMorgan Chase & Co. Issues Pessimistic Forecast for Bunge Global (NYSE:BG) Stock Price

Bunge Global (NYSE:BG) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $140.00 to $139.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 29.18% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on BG. UBS Group upped their price target on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $150.00 target price on shares of Bunge Global in a research report on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.89.

Bunge Global Trading Up 3.2%

Shares of BG opened at $107.60 on Monday. Bunge Global has a twelve month low of $79.11 and a twelve month high of $134.87. The company has a current ratio of 1.57, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.67 billion, a P/E ratio of 20.89 and a beta of 0.73. The firm’s 50-day moving average is $113.30 and its two-hundred day moving average is $117.94.

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

Insider Buying and Selling

In other Bunge Global news, Director Christopher Mahoney purchased 1,500 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was bought at an average cost of $107.60 per share, for a total transaction of $161,400.00. Following the acquisition, the director owned 14,820 shares of the company’s stock, valued at approximately $1,594,632. The trade was a 11.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in shares of Bunge Global during the second quarter worth $266,653,000. WCM Investment Management LLC purchased a new position in shares of Bunge Global in the first quarter valued at $41,195,000. Engineers Gate Manager LP boosted its stake in shares of Bunge Global by 7,526.8% in the second quarter. Engineers Gate Manager LP now owns 155,435 shares of the basic materials company’s stock valued at $16,590,000 after purchasing an additional 153,397 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in Bunge Global by 1,220.7% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 155,733 shares of the basic materials company’s stock valued at $16,676,000 after purchasing an additional 143,941 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Bunge Global during the 1st quarter valued at $15,400,000. Hedge funds and other institutional investors own 86.23% of the company’s stock.

About Bunge Global

Bunge Global SA (NYSE: BG) is a global agribusiness and food company that connects farmers with consumers by sourcing, storing, transporting, processing and marketing agricultural commodities. Its operations focus primarily on oilseeds, grains and related agricultural products, serving customers across food, feed, fuel and industrial markets.

The company processes soybeans, rapeseed, sunflower seed and other oilseeds into protein meals used in animal feed, as well as edible oils and specialty fats for food manufacturers, foodservice companies and consumers.