Bunge Global SA (NYSE:BG) Receives $109.78 Average PT from Analysts

Shares of Bunge Global SA (NYSE:BG) have been given a consensus rating of “Buy” by the nine research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $109.7778.

BG has been the topic of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Bunge Global in a research note on Tuesday, December 2nd. UBS Group boosted their target price on Bunge Global from $100.00 to $108.00 in a research report on Wednesday, December 24th. BMO Capital Markets increased their price target on Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Bank of America lifted their price objective on Bunge Global from $112.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Stephens upped their price objective on Bunge Global from $85.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday, October 17th.

Insider Buying and Selling

In other Bunge Global news, VP Christos Dimopoulos sold 25,300 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the completion of the transaction, the vice president owned 104,537 shares in the company, valued at $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. United Services Automobile Association purchased a new position in shares of Bunge Global during the 1st quarter worth about $223,000. Woodline Partners LP boosted its position in shares of Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock valued at $862,000 after buying an additional 2,893 shares during the period. Focus Partners Wealth boosted its position in shares of Bunge Global by 16.7% during the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after buying an additional 580 shares during the period. Parallel Advisors LLC grew its stake in shares of Bunge Global by 45.7% during the second quarter. Parallel Advisors LLC now owns 4,292 shares of the basic materials company’s stock valued at $345,000 after buying an additional 1,346 shares during the last quarter. Finally, Czech National Bank raised its holdings in shares of Bunge Global by 7.2% in the second quarter. Czech National Bank now owns 32,853 shares of the basic materials company’s stock worth $2,637,000 after buying an additional 2,195 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

Bunge Global Trading Down 0.9%

Shares of BG stock opened at $107.83 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.83 and a current ratio of 1.66. The stock has a fifty day simple moving average of $94.74 and a two-hundred day simple moving average of $87.54. The firm has a market capitalization of $20.85 billion, a PE ratio of 11.61, a PEG ratio of 1.63 and a beta of 0.78. Bunge Global has a 52-week low of $67.40 and a 52-week high of $108.84.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.04. The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $22.46 billion. Bunge Global had a return on equity of 9.06% and a net margin of 2.20%.The business’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.29 earnings per share. On average, analysts predict that Bunge Global will post 7.94 EPS for the current fiscal year.

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.