Bunge Global (NYSE:BG) Sets New 1-Year High – Here’s What Happened

Bunge Global SA (NYSE:BG) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $128.46 and last traded at $126.0290, with a volume of 1793594 shares changing hands. The stock had previously closed at $123.62.

Analyst Upgrades and Downgrades

Several research firms have commented on BG. Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Bunge Global in a report on Thursday, February 5th. Weiss Ratings cut Bunge Global from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, February 23rd. Zacks Research lowered Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. UBS Group reaffirmed a “buy” rating on shares of Bunge Global in a research report on Wednesday, March 11th. Finally, Morgan Stanley lifted their price target on shares of Bunge Global from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 11th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.40.

Bunge Global Trading Up 1.9%

The stock has a market cap of $24.39 billion, a P/E ratio of 23.25, a PEG ratio of 0.78 and a beta of 0.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.61 and a quick ratio of 0.74. The business’s 50 day simple moving average is $115.75 and its 200 day simple moving average is $98.82.

Bunge Global (NYSE:BG) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.17. Bunge Global had a return on equity of 8.69% and a net margin of 1.16%.The company had revenue of $23.76 billion for the quarter, compared to analyst estimates of $23 billion. During the same period in the prior year, the company posted $2.13 EPS. The company’s revenue was up 75.5% compared to the same quarter last year. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. On average, analysts expect that Bunge Global SA will post 7.94 earnings per share for the current fiscal year.

Institutional Trading of Bunge Global

A number of large investors have recently bought and sold shares of the stock. Glencore plc lifted its holdings in Bunge Global by 100.0% during the 4th quarter. Glencore plc now owns 65,612,206 shares of the basic materials company’s stock valued at $5,844,735,000 after purchasing an additional 32,806,103 shares during the last quarter. Norges Bank bought a new stake in Bunge Global during the second quarter worth about $149,380,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Bunge Global by 168,119.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,165,764 shares of the basic materials company’s stock worth $103,846,000 after buying an additional 1,165,071 shares during the last quarter. Merewether Investment Management LP acquired a new stake in shares of Bunge Global during the third quarter worth approximately $74,888,000. Finally, Vanguard Group Inc. raised its stake in shares of Bunge Global by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 17,570,009 shares of the basic materials company’s stock valued at $1,565,136,000 after acquiring an additional 777,805 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

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.