Bunge Global SA (NYSE:BG) Receives $121.00 Consensus Target Price from Analysts

Bunge Global SA (NYSE:BG) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $121.00.

Separately, Citigroup boosted their price target on Bunge Global from $117.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, April 25th.

Bunge Global Price Performance

BG opened at $111.16 on Wednesday. The business’s 50-day moving average is $105.81 and its two-hundred day moving average is $100.13. Bunge Global has a 1 year low of $86.10 and a 1 year high of $116.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.99 and a quick ratio of 1.10. The firm has a market capitalization of $15.74 billion, a PE ratio of 8.95 and a beta of 0.67.

Bunge Global (NYSE:BG) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.49. Bunge Global had a return on equity of 17.49% and a net margin of 3.22%. The business had revenue of $13.42 billion for the quarter, compared to analyst estimates of $13.96 billion. During the same quarter in the previous year, the firm earned $3.26 earnings per share. The company’s revenue was down 12.5% on a year-over-year basis. Research analysts anticipate that Bunge Global will post 9.03 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.72 annualized dividend and a yield of 2.45%. Bunge Global’s dividend payout ratio is presently 21.90%.

Insider Transactions at Bunge Global

In other news, insider Christos Dimopoulos sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $103.26, for a total value of $2,065,200.00. Following the completion of the transaction, the insider now directly owns 87,999 shares of the company’s stock, valued at $9,086,776.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Bunge Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. grew its stake in shares of Bunge Global by 12.4% in the second quarter. Mather Group LLC. now owns 843 shares of the basic materials company’s stock valued at $86,000 after buying an additional 93 shares in the last quarter. RFG Advisory LLC boosted its holdings in Bunge Global by 3.9% in the first quarter. RFG Advisory LLC now owns 2,589 shares of the basic materials company’s stock valued at $265,000 after purchasing an additional 96 shares during the last quarter. CWM LLC boosted its holdings in Bunge Global by 4.1% in the first quarter. CWM LLC now owns 2,778 shares of the basic materials company’s stock valued at $285,000 after purchasing an additional 110 shares during the last quarter. Czech National Bank boosted its holdings in Bunge Global by 0.5% in the first quarter. Czech National Bank now owns 25,563 shares of the basic materials company’s stock valued at $2,621,000 after purchasing an additional 116 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in Bunge Global by 40.6% in the fourth quarter. Rise Advisors LLC now owns 405 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 117 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.