Bunge Global
About: Bunge Global SA formerly Bunge Ltd is an agribusiness and food company with operations along the farm-to-consumer food chain. The company segments include Agribusiness; Refined and Specialty Oils; Milling; Sugar and Bioenergy and Corporate and Other. It generates maximum revenue from the Agribusiness segment. The company is an oilseed processor and producer of vegetable oils and protein meals, based on processing capacity, a grain processor, the seller of packaged plant-based oils, producer and seller of wheat flour, bakery mixes, and corn-based products in North and South America.
Employees: 23,000
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
99% more call options, than puts
Call options by funds: $247M | Put options by funds: $124M
0% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 7 (+0) [Q3]
2% less funds holding
Funds holding: 615 [Q2] → 603 (-12) [Q3]
5.66% less ownership
Funds ownership: 87.69% [Q2] → 82.03% (-5.66%) [Q3]
11% less repeat investments, than reductions
Existing positions increased: 211 | Existing positions reduced: 238
13% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 89
15% less capital invested
Capital invested by funds: $13.3B [Q2] → $11.2B (-$2.05B) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for BG.
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
Archer-Daniels-Midland: Valuation Is Low, But Bunge May Be A Better Deal
Archer-Daniels-Midland's valuation is low, with a forward P/E of 11.7X and a 3.7% dividend yield, but faces weak YoY performance and accounting investigations. Rising labor and energy costs, regulatory scrutiny, and shifting consumer trends weigh on ADM's profitability and long-term prospects. ADM's nutrition segment is under investigation, leading to restated financials, a significant decline in operating profit earlier this year, and delayed Q3 results.
Neutral
Business Wire
1 month ago
Bunge Reaches 100% Monitoring of its Indirect Soy Value Chain in Brazil's Priority Regions
ST. LOUIS--(BUSINESS WIRE)--Bunge announced today it is the first global commodity exporter to achieve 100% traceability and monitoring of its direct and indirect soy purchases in priority regions of the Cerrado biome in Brazil. Priority regions at risk of deforestation in the Cerrado include the Brazilian States of Maranhão, Tocantins, Piauí, Bahia and Mato Grosso. With the support of satellite monitoring, the company achieved 100% tracking and monitoring of its indirect supply chain in Octobe.
Neutral
Business Wire
1 month ago
Bunge Announces Expansion of Existing Share Repurchase Program
ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) (“Bunge”) today announced that on November 13, 2024, its Board of Directors authorized the repurchase of an additional $500 million of its issued and outstanding registered shares, par value $0.01 per share (each a “Share,” and collectively the “Shares”) under a previous share repurchase program authorized on June 13, 2023. This is in addition to approximately $800 million for Share repurchases that remain available under the existing share.
Neutral
Seeking Alpha
1 month ago
Bunge Global (BG) Q3 2024 Earnings Call Transcript
Bunge Global SA (NYSE:BG ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Greg Heckman - Chief Executive Officer John Neppl - Chief Financial Officer Ruth Ann Wisener - Vice President, Investor Relations Conference Call Participants Andrew Strelzik - BMO Capital Markets Salvatore Tiano - Bank of America Tom Palmer - Citi Manav Gupta - UBS Heather Jones - Heather Jones Research Stephen Hayes - Morgan Stanley Ben Theurer - Barclays Operator Good day and welcome to the Bunge Global SA third quarter 2024 earnings release and conference call. All participants will be in listen-only mode.
Neutral
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Bunge Global (BG) Q3 Earnings
While the top- and bottom-line numbers for Bunge Global (BG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Bunge Global (BG) Tops Q3 Earnings and Revenue Estimates
Bunge Global (BG) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to earnings of $2.99 per share a year ago.
Neutral
Business Wire
1 month ago
Bunge Limited Finance Corp. Announces Extension of Exchange Offers
ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) (“Bunge”), today announced that its wholly-owned subsidiary, Bunge Limited Finance Corp. (“BLFC”), has further extended the expiration date of its previously announced (A) offers to exchange (each an “Exchange Offer” and, collectively the “Exchange Offers”) any and all outstanding 2.000% Notes due 2026 (the “Existing Viterra 2026 Notes”), 4.900% Notes due 2027 (the “Existing Viterra 2027 Notes”), 3.200% Notes due 2031 (the “Existing Viterra.
Neutral
Business Wire
1 month ago
Bunge Reports Third Quarter 2024 Results
ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE: BG) today reported third quarter 2024 results Q3 GAAP diluted EPS of $1.56 vs. $2.47 in the prior year; $2.29 vs. $2.99 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences Solid performances in Agribusiness and Refined and Specialty Oils; however, results were down from the prior year reflecting the current global margin environment Continued to advance Viterra integration planning and other growth priorit.
Positive
Zacks Investment Research
1 month ago
Bunge Global (BG) Expected to Beat Earnings Estimates: Should You Buy?
Bunge Global (BG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Seeking Alpha
1 month ago
Bunge Global: Awaiting Q3 Earnings As The Shares Move Lower
I recommend a scale-down buying approach for Bunge Global SA shares, especially during price weakness, due to its strong fundamentals and attractive dividend yield. BG shares have declined 14.8% since mid-May 2024, nearing the bottom of their $80-$120 range, with earnings expected at the end of October. Lower grain, oilseed, and ethanol prices have pressured BG's earnings, but higher sugar and soybean crush spreads offer some relief.
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