Key Points
- Bunge VP Christos Dimopoulos sold 25,300 shares on Nov. 21 at an average price of $94.37 for about $2.39M, cutting his position by 19.49% to 104,537 shares valued near $9.87M.
- Analyst sentiment is positive: five Buys and four Holds yield a consensus "Moderate Buy" with an average target of $102.88, and several firms recently raised price targets (e.g., Barclays to $120, JPMorgan to $109).
- Latest quarter: Bunge posted EPS of $2.27 (vs. $2.23 est.) and revenue of $22.16B—up 71.6% year‑over‑year—while the stock trades near $96.50 with a PE of 9.64.
Bunge Global SA (NYSE:BG - Get Free Report) VP Christos Dimopoulos sold 25,300 shares of the firm's stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $94.37, for a total value of $2,387,561.00. Following the completion of the sale, the vice president directly owned 104,537 shares in the company, valued at $9,865,156.69. This trade represents a 19.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Bunge Global Stock Up 3.2%
Shares of BG stock opened at $96.50 on Wednesday. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55. The company has a quick ratio of 1.29, a current ratio of 2.07 and a debt-to-equity ratio of 0.59. The firm has a market cap of $18.66 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 8.28 and a beta of 0.76. The stock has a 50 day moving average of $89.72 and a 200-day moving average of $83.53.
Bunge Global (NYSE:BG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.04. The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $22.46 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. Bunge Global's quarterly revenue was up 71.6% on a year-over-year basis. During the same quarter last year, the company posted $2.29 earnings per share. On average, equities analysts predict that Bunge Global SA will post 7.94 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on BG. JPMorgan Chase & Co. boosted their price objective on shares of Bunge Global from $107.00 to $109.00 and gave the stock an "overweight" rating in a report on Friday, November 7th. CICC Research lifted their target price on Bunge Global from $90.00 to $110.00 in a research report on Friday, November 7th. Barclays raised Bunge Global from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $105.00 to $120.00 in a report on Thursday, November 6th. Zacks Research upgraded Bunge Global from a "strong sell" rating to a "hold" rating in a research report on Monday, October 20th. Finally, Stephens boosted their price objective on Bunge Global from $85.00 to $115.00 and gave the company an "overweight" rating in a research report on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $102.88.
Get Our Latest Stock Analysis on Bunge Global
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Bancorp USA Inc. bought a new stake in shares of Bunge Global in the 3rd quarter valued at approximately $4,204,000. Danske Bank A S acquired a new stake in Bunge Global in the 3rd quarter valued at $373,000. Stance Capital LLC bought a new stake in Bunge Global in the third quarter valued at $34,000. Advisory Services Network LLC acquired a new position in Bunge Global during the third quarter worth $191,000. Finally, XTX Topco Ltd bought a new position in shares of Bunge Global during the third quarter valued at $584,000. Institutional investors own 86.23% of the company's stock.
Bunge Global Company Profile
(
Get Free Report)
Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.
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