Bunge Global SA (NYSE: BG) is -1.88% 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 $73.23 in the last trading session, with the day’s gains setting it 3.07%.
Currently trading at $76.30, the stock is 2.15% and 4.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 4.19% at the moment leaves the stock -13.54% off its SMA200. BG registered -29.12% loss for a year compared to 6-month loss of -20.83%. The firm has a 50-day simple moving average (SMA 50) of $73.3418 and a 200-day simple moving average (SMA200) of $88.25005.
The stock witnessed a 3.68% gain in the last 1 month and extending the period to 3 months gives it a -6.06%, and is 4.23% 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 5.76% over the week and 3.34% over the month.
Bunge Global SA (BG) has around 23000 employees, a market worth around $10.22B and $53.11B in sales. Current P/E ratio is 9.44 and Fwd P/E is 8.64. Profit margin for the company is 2.14%. Distance from 52-week low is 13.20% and -33.61% 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 -14.97% 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
930.0 institutions hold shares in Bunge Global SA (BG), with institutional investors hold 91.76% of the company’s shares. The shares outstanding are 133.96M, and float is at 132.36M with Short Float at 3.14%. Institutions hold 90.79% 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.
