Bunge Global SA (NYSE:BG – Get Free Report) has recently received a consensus recommendation of “Moderate Buy” from analysts covering the company. Out of the ten analysts providing coverage, three have rated the stock as a hold, while seven have given it a buy rating. The average 12-month price target for the stock, based on recent analyst updates, is $121.00.
Analysts at Citigroup raised their price target on Bunge Global from $117.00 to $122.00 and maintained a “buy” rating on the stock in a research note released on April 25th. However, StockNews.com downgraded Bunge Global from a “buy” to a “hold” rating on February 26th.
In terms of insider trading, Christos Dimopoulos, an insider at Bunge Global, sold 20,000 shares of the company’s stock on May 22nd at an average price of $103.26. Following this transaction, Dimopoulos now holds 87,999 shares valued at $9,086,776.74. This sale was disclosed in a filing with the Securities & Exchange Commission.
On the institutional side, several hedge funds have been actively trading Bunge Global stock. Loomis Sayles & Co. L P increased its holdings by 169.8% in the third quarter, while other funds like NewSquare Capital LLC, Rise Advisors LLC, Riverview Trust Co, and Ramirez Asset Management Inc. have also bought stakes in the company. Collectively, hedge funds and institutional investors own 86.23% of Bunge Global’s stock.
As of the latest market data, Bunge Global stock opened at $102.83 on Friday. The company has a 52-week low of $86.10 and a high of $116.59. With a quick ratio of 1.10 and a current ratio of 1.99, Bunge Global has a market capitalization of $14.56 billion and a PE ratio of 8.28. The stock’s beta is 0.67, and it has a 50-day simple moving average of $104.87 and a 200-day moving average of $99.82.
In its most recent earnings report on April 24th, Bunge Global surpassed expectations with earnings per share (EPS) of $3.04, higher than the consensus estimate of $2.55. The company reported a net margin of 3.22% and a return on equity of 17.49%. Bunge Global’s revenue for the quarter was $13.42 billion, slightly below analyst estimates. Analysts anticipate an EPS of 9.28 for the current year.
Furthermore, Bunge Global announced a quarterly dividend, with a payout ratio of 21.90%. The dividend of $0.68 will be paid on March 4th to investors of record on February 18th.
Bunge Global SA operates as an agribusiness and food company globally, with segments including Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The company deals with purchasing, storing, processing, and selling agricultural commodities, primarily oilseeds and grains, as well as producing vegetable oils and protein meals.
In conclusion, despite the recent rating updates and insider trading activities, Bunge Global continues to show strong performance and potential growth opportunities in the agribusiness sector. Investors should keep an eye on future developments and financial results to make informed decisions regarding their investment in Bunge Global stock.