Bunge Global (NYSE:BG) Price Target Raised to $130.00

Bunge Global (NYSE:BG) had its target price hoisted by Morgan Stanley from $120.00 to $130.00 in a research note released on Thursday,Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

BG has been the subject of several other reports. Zacks Research downgraded Bunge Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. BMO Capital Markets increased their price target on Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. CICC Research lifted their price objective on Bunge Global from $90.00 to $110.00 in a report on Friday, November 7th. Citigroup reaffirmed a “buy” rating on shares of Bunge Global in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bunge Global in a research note on Wednesday, December 24th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.44.

Bunge Global Trading Up 1.8%

BG opened at $115.95 on Thursday. The firm has a market capitalization of $22.42 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.03 and a beta of 0.78. The firm’s 50 day moving average is $100.06 and its 200-day moving average is $91.29. Bunge Global has a 52-week low of $67.81 and a 52-week high of $121.64. The company has a quick ratio of 0.83, a current ratio of 1.61 and a debt-to-equity ratio of 0.51.

Bunge Global (NYSE:BG) last announced its earnings results 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. The business had revenue of $23.76 billion during the quarter, compared to the consensus estimate of $23 billion. Bunge Global had a net margin of 1.16% and a return on equity of 8.69%. The business’s quarterly revenue was up 75.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. Bunge Global has set its FY 2026 guidance at 7.500-8.000 EPS. Analysts expect that Bunge Global will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling at Bunge Global

In related news, VP Christos Dimopoulos sold 25,300 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $94.37, for a total transaction of $2,387,561.00. Following the completion of the sale, the vice president directly owned 104,537 shares in the company, valued at approximately $9,865,156.69. This trade represents a 19.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BG. Allworth Financial LP boosted its holdings 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 worth $93,000 after purchasing an additional 98 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Bunge Global by 3.9% in the third quarter. Park Avenue Securities LLC now owns 2,898 shares of the basic materials company’s stock worth $235,000 after buying an additional 109 shares during the last quarter. Spire Wealth Management boosted its stake in shares of Bunge Global by 20.5% during the 3rd quarter. Spire Wealth Management now owns 681 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 116 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Bunge Global by 4.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,786 shares of the basic materials company’s stock valued at $226,000 after acquiring an additional 120 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in shares of Bunge Global by 9.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,360 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 86.23% of the company’s stock.

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.