Bunge Global SA (NYSE: BG) is -5.80% lower on its value in year-to-date trading and has touched a low of $67.40 and a high of $114.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BG stock was last observed hovering at around $73.95 in the last trading session, with the day’s loss setting it -0.7%.
Currently trading at $73.25, the stock is -0.82% and -1.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.33 million and changing -0.95% at the moment leaves the stock -19.06% off its SMA200. BG registered -25.07% loss for a year compared to 6-month loss of -25.03%. The firm has a 50-day simple moving average (SMA 50) of $74.6148 and a 200-day simple moving average (SMA200) of $90.50115.
The stock witnessed a 2.79% gain in the last 1 month and extending the period to 3 months gives it a -9.87%, and is -0.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.29% over the week and 2.81% over the month.
Bunge Global SA (BG) has around 23000 employees, a market worth around $9.81B and $53.11B in sales. Current P/E ratio is 9.06 and Fwd P/E is 8.30. Profit margin for the company is 2.14%. Distance from 52-week low is 8.68% and -36.26% from its 52-week high. The company has generated returns on investments over the last 12 months (7.48%).
with sales reaching $13.18B over the same period.The EPS is expected to shrink by -14.98% this year, but quarterly earnings will post 2.34% year-over-year. Quarterly sales are estimated to shrink -1.76% in year-over-year returns.
Bunge Global SA (BG) Top Institutional Holders
932.0 institutions hold shares in Bunge Global SA (BG), with institutional investors hold 91.75% of the company’s shares. The shares outstanding are 133.96M, and float is at 132.35M with Short Float at 2.95%. Institutions hold 90.74% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 18.87 million shares valued at $2.01 billion. The investor’s holdings represent 13.3248% of the BG Shares outstanding. As of 2024-06-30, the second largest holder is PACER ADVISORS, INC. with 4.21 million shares valued at $449.61 million to account for 2.9735 of the shares outstanding. The other top investors are LSV ASSET MANAGEMENT which holds 2.11 million shares representing 1.4922% and valued at over $225.63 million, while UBS ASSET MANAGEMENT AMERICAS INC holds 1.3477 of the shares totaling 1.91 million with a market value of $203.79 million.
Bunge Global SA (BG) Insider Activity
The most recent transaction is an insider sale by Dimopoulos Christos, the company’s Co-President, Agribusiness. SEC filings show that Dimopoulos Christos sold 20,000 shares of the company’s common stock on May 22 ’24 at a price of $103.26 per share for a total of $2.07 million. Following the sale, the insider now owns 87999.0 shares.
