Bunge Global SA (NYSE: BG) is 0.32% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BG stock was last observed hovering at around $77.85 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $78.01, the stock is 4.09% and 5.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 0.21% at the moment leaves the stock -12.67% off its SMA200. BG registered -23.74% loss for a year compared to 6-month loss of -19.28%. The firm has a 50-day simple moving average (SMA 50) of $73.922 and a 200-day simple moving average (SMA200) of $89.32905.
The stock witnessed a 8.80% gain in the last 1 month and extending the period to 3 months gives it a 1.46%, and is 5.15% up 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 2.84% over the week and 2.75% over the month.
Bunge Global SA (BG) has around 23000 employees, a market worth around $10.45B and $53.11B in sales. Current P/E ratio is 9.65 and Fwd P/E is 8.83. Profit margin for the company is 2.14%. Distance from 52-week low is 15.74% and -32.12% from its 52-week high. The company has generated returns on investments over the last 12 months (7.48%).
The EPS is expected to shrink by -15.03% this year
922.0 institutions hold shares in Bunge Global SA (BG), with institutional investors hold 91.70% of the company’s shares. The shares outstanding are 133.96M, and float is at 132.36M with Short Float at 3.51%. Institutions hold 90.67% 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 BLACKROCK INC. with 14.98 million shares valued at $1.6 billion to account for 10.5763 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.55 million shares representing 4.6255 and valued at over $699.42 million, while PACER ADVISORS, INC. holds 2.9735 of the shares totaling 4.21 million with a market value of $449.61 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.
