Bunge Global (NYSE:BG) Reaches New 52-Week High – Here’s Why

by · The Cerbat Gem

Bunge Global SA (NYSE:BGGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $133.67 and last traded at $132.2750, with a volume of 539620 shares trading hands. The stock had previously closed at $127.62.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BG shares. Barclays boosted their target price on Bunge Global from $145.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. BMO Capital Markets increased their price target on shares of Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Bank of America upped their target price on shares of Bunge Global from $112.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a research note on Thursday, February 5th. Finally, HSBC raised their price objective on Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. One investment 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 data from MarketBeat.com, Bunge Global has an average rating of “Moderate Buy” and an average price target of $132.67.

Get Our Latest Stock Report on Bunge Global

Bunge Global Stock Up 2.2%

The company has a market cap of $25.31 billion, a price-to-earnings ratio of 30.35 and a beta of 0.64. The company has a current ratio of 1.60, a quick ratio of 0.69 and a debt-to-equity ratio of 0.57. The stock has a 50-day simple moving average of $123.32 and a 200-day simple moving average of $108.53.

Bunge Global (NYSE:BGGet Free Report) last announced its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.86. The firm had revenue of $21.86 billion during the quarter, compared to analyst estimates of $23.38 billion. Bunge Global had a net margin of 0.85% and a return on equity of 8.60%. Bunge Global’s revenue was up 87.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. As a group, analysts predict that Bunge Global SA will post 9.5 EPS for the current year.

Bunge Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, February 16th. Bunge Global’s payout ratio is 65.27%.

Institutional Investors Weigh In On Bunge Global

A number of large investors have recently bought and sold shares of the company. Root Financial Partners LLC grew its position in Bunge Global by 23.5% during the first quarter. Root Financial Partners LLC now owns 446 shares of the basic materials company’s stock valued at $57,000 after buying an additional 85 shares during the period. Allworth Financial LP lifted its position in Bunge Global by 10.4% in the fourth quarter. Allworth Financial LP now owns 1,039 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 98 shares during the last quarter. Optimize Financial Inc lifted its stake in shares of Bunge Global by 1.4% in the fourth quarter. Optimize Financial Inc now owns 7,194 shares of the basic materials company’s stock worth $641,000 after buying an additional 100 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Bunge Global by 3.9% during the third quarter. Park Avenue Securities LLC now owns 2,898 shares of the basic materials company’s stock valued at $235,000 after buying an additional 109 shares during the last quarter. Finally, Spire Wealth Management increased its position in shares of Bunge Global by 20.5% during the third quarter. Spire Wealth Management now owns 681 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 116 shares in the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Bunge Global Company Profile

(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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