Bunge Global (NYSE:BG) Stock Price Down 4.1% – Here’s What Happened

by · The Markets Daily

Bunge Global SA (NYSE:BG – Get Free Report) was down 4.1% on Friday . The stock traded as low as $110.76 and last traded at $111.77. 685,817 shares traded hands during trading, a decline of 59% from the average daily volume of 1,660,600 shares. The stock had previously closed at $116.57.

Analyst Upgrades and Downgrades

BG has been the subject of several research reports. BMO Capital Markets reiterated an “outperform” rating and set a $150.00 price target on shares of Bunge Global in a research note on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bunge Global in a report on Wednesday. Barclays increased their target price on shares of Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Bunge Global from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Bunge Global currently has an average rating of “Moderate Buy” and an average target price of $132.67.

View Our Latest Research Report on BG

Bunge Global Stock Performance

The stock has a market capitalization of $21.86 billion, a P/E ratio of 22.10 and a beta of 0.65. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $113.36 and a two-hundred day moving average price of $119.75.

Bunge Global (NYSE:BG – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $2.00 EPS 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 analyst estimates of $22.81 billion. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. Bunge Global’s revenue was up 88.3% compared to the same quarter last year. During the same period last year, the business earned $1.31 earnings per share. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. Equities analysts expect that Bunge Global SA will post 9.72 earnings per share for the current year.

Insider Activity at Bunge Global

In other news, Director Christopher Mahoney purchased 5,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $105.53 per share, with a total value of $527,650.00. Following the completion of the acquisition, the director owned 13,320 shares in the company, valued at $1,405,659.60. This trade represents a 60.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bunge Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. United Services Automobile Association purchased a new stake in shares of Bunge Global in the 1st quarter valued at about $223,000. Woodline Partners LP grew its holdings 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 worth $862,000 after purchasing an additional 2,893 shares in the last quarter. Focus Partners Wealth grew its holdings 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 worth $309,000 after purchasing an additional 580 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Bunge Global by 118.8% in the second quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 494 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in Bunge Global by 1.1% in the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock valued at $1,907,000 after purchasing an additional 263 shares in the last quarter. 86.23% of the stock is currently owned by hedge funds and other institutional investors.

About Bunge Global

(Get Free Report)

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.

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