Zacks Research Downgrades Bunge Global (NYSE:BG) to Hold

Bunge Global (NYSE:BG) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other research firms also recently commented on BG. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. BMO Capital Markets restated an “outperform” rating and set a $150.00 target price on shares of Bunge Global in a 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $132.67.

Bunge Global Trading Up 4.3%

Shares of Bunge Global stock opened at $123.84 on Monday. The business has a fifty day simple moving average of $114.14 and a 200-day simple moving average of $119.55. Bunge Global has a fifty-two week low of $76.01 and a fifty-two week high of $134.87. The firm has a market cap of $23.79 billion, a price-to-earnings ratio of 24.05 and a beta of 0.67. The company has a quick ratio of 0.64, a current ratio of 1.57 and a debt-to-equity ratio of 0.54.

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.03. Bunge Global had a return on equity of 9.15% and a net margin of 1.10%.The firm had revenue of $24.04 billion for the quarter, compared to analyst estimates of $22.81 billion. During the same period in the previous year, the company earned $1.31 earnings per share. Bunge Global’s 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, equities analysts forecast that Bunge Global will post 9.72 EPS for the current fiscal year.

Insider Buying and Selling at Bunge Global

In related news, Director Christopher Mahoney purchased 5,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director owned 13,320 shares of the company’s stock, valued at $1,405,659.60. This trade represents a 60.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Institutional Trading of Bunge Global

A number of hedge funds have recently bought and sold shares of BG. Global Trust Asset Management LLC purchased a new position in shares of Bunge Global in the first quarter worth approximately $47,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Bunge Global in the 2nd quarter valued at approximately $31,000. MUFG Securities EMEA plc purchased a new stake in shares of Bunge Global in the 2nd quarter valued at approximately $32,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Bunge Global in the 4th quarter worth approximately $35,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Bunge Global by 152.9% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 430 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 260 shares during the period. 86.23% of the stock is owned by hedge funds and other institutional investors.

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.