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

Bunge Global SA (NYSE:BG) shares hit a new 52-week high during trading on Tuesday . The stock 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 firms have issued reports on BG. JPMorgan Chase & Co. upped their target price on shares of Bunge Global from $130.00 to $134.00 and gave the company an “overweight” rating in a research note on Tuesday, March 24th. BMO Capital Markets lifted their target price on Bunge Global from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Bunge Global in a research report on Thursday, February 5th. HSBC increased their price objective on shares of Bunge Global from $80.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Finally, UBS Group reiterated a “buy” rating on shares of Bunge Global in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.67.

Bunge Global Price Performance

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

Bunge Global (NYSE:BG) last released its earnings results on Wednesday, April 29th. The basic materials company reported $1.83 EPS for the quarter, topping the consensus estimate of $0.97 by $0.86. The firm had revenue of $21.86 billion during the quarter, compared to analysts’ expectations of $23.38 billion. Bunge Global had a return on equity of 8.60% and a net margin of 0.85%.Bunge Global’s revenue for the quarter was up 87.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.81 EPS. Bunge Global has set its FY 2026 guidance at 9.000-9.500 EPS. On average, sell-side analysts predict that Bunge Global SA will post 9.5 earnings per share for the current fiscal year.

Bunge Global Announces Dividend

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

Institutional Trading of Bunge Global

Several large investors have recently bought and sold shares of BG. United Services Automobile Association purchased a new stake in Bunge Global during the 1st quarter worth $223,000. Woodline Partners LP grew its holdings in Bunge Global by 34.5% during the first quarter. Woodline Partners LP now owns 11,278 shares of the basic materials company’s stock worth $862,000 after acquiring an additional 2,893 shares during the period. Focus Partners Wealth lifted its stake in Bunge Global by 16.7% in the first quarter. Focus Partners Wealth now owns 4,046 shares of the basic materials company’s stock valued at $309,000 after acquiring an additional 580 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Bunge Global by 118.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 910 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 494 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Bunge Global by 1.1% in the second quarter. Baird Financial Group Inc. now owns 23,760 shares of the basic materials company’s stock worth $1,907,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds 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.