Bunge Global (NYSE:BG) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Bunge Global (NYSE:BG) had its price objective trimmed by JPMorgan Chase & Co. from $140.00 to $139.00 in a report published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut Bunge Global from a “strong-buy” rating to a “hold” rating in a report on Monday, September 7th. UBS Group boosted their price objective on Bunge Global from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. BMO Capital Markets reissued an “outperform” rating and issued a $150.00 price objective on shares of Bunge Global in a report on Thursday, August 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, August 19th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.89.

Bunge Global Stock Up 1.1%

BG stock opened at $108.77 on Monday. The stock has a market cap of $20.90 billion, a PE ratio of 21.12 and a beta of 0.73. The firm’s 50-day simple moving average is $113.34 and its 200 day simple moving average is $117.82. Bunge Global has a fifty-two week low of $88.07 and a fifty-two week high of $134.87. 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 posted its earnings results on Wednesday, July 29th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.03. Bunge Global had a net margin of 1.10% and a return on equity of 9.15%. The firm had revenue of $24.04 billion during the quarter, compared to analyst estimates of $22.81 billion. During the same period in the previous year, the business posted $1.31 EPS. Bunge Global’s revenue was up 88.3% on a year-over-year basis. Bunge Global has set its FY 2026 guidance at 9.250-9.750 EPS. As a group, sell-side analysts predict that Bunge Global will post 9.61 EPS for the current year.

Insiders Place Their Bets

In related news, Director Christopher Mahoney acquired 1,500 shares of Bunge Global stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average price of $107.60 per share, with a total value of $161,400.00. Following the completion of the acquisition, the director directly owned 14,820 shares of the company’s stock, valued at $1,594,632. This trade represents a 11.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Institutional Trading of Bunge Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC grew its stake in shares of Bunge Global by 23.5% in the 1st quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 85 shares during the last quarter. Gould Asset Management LLC CA increased its holdings in shares of Bunge Global by 2.3% in the first quarter. Gould Asset Management LLC CA now owns 4,379 shares of the basic materials company’s stock valued at $557,000 after buying an additional 99 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Bunge Global by 19.3% during the 2nd quarter. CoreCap Advisors LLC now owns 747 shares of the basic materials company’s stock valued at $80,000 after acquiring an additional 121 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Bunge Global by 0.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,150 shares of the basic materials company’s stock valued at $2,563,000 after acquiring an additional 129 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of Bunge Global by 5.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,421 shares of the basic materials company’s stock valued at $258,000 after acquiring an additional 130 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

About Bunge Global

Bunge Global SA (NYSE: BG) is a global agribusiness and food company that connects farmers with consumers by sourcing, storing, transporting, processing and marketing agricultural commodities. Its operations focus primarily on oilseeds, grains and related agricultural products, serving customers across food, feed, fuel and industrial markets.

The company processes soybeans, rapeseed, sunflower seed and other oilseeds into protein meals used in animal feed, as well as edible oils and specialty fats for food manufacturers, foodservice companies and consumers.