Bunge Global Updates FY 2026 Earnings Guidance Amid Analyst Reactions

Bunge Global (NYSE: BG) has revised its earnings guidance for fiscal year 2026, projecting earnings per share (EPS) in the range of 7.500 to 8.000. This update contrasts sharply with the consensus estimate of 8.940 from analysts. The company also provided revenue guidance, though specific figures were not disclosed.

Analysts on Wall Street have responded to Bunge’s revised guidance with mixed sentiments. On December 2, 2023, JPMorgan Chase & Co. increased their target price for Bunge stock from $109.00 to $117.00, assigning an “overweight” rating. Weiss Ratings maintained a “hold (C+)” rating for Bunge. Meanwhile, BMO Capital Markets reiterated an “outperform” rating and set a price target of $130.00. Morgan Stanley also raised their target for Bunge from $120.00 to $130.00, confirming its “overweight” stance. Citigroup continued to endorse the stock with a “buy” rating.

Currently, eight investment analysts have rated Bunge Global with a Buy rating, while two analysts have issued a Hold rating. As per MarketBeat, the average rating for Bunge Global stands at “Moderate Buy,” with an average target price of $121.44.

Recent Earnings Performance

Bunge Global’s most recent earnings report, released on February 4, 2023, showed a robust performance. The company reported earnings of $1.99 per share, surpassing analyst expectations of $1.82 by $0.17. The company achieved a net margin of 2.20% and a return on equity of 9.06%. Revenue for the quarter reached $23.76 billion, exceeding the consensus estimate of $23 billion and reflecting a significant 75.5% increase year-over-year.

Looking ahead, Bunge Global’s EPS guidance for fiscal year 2026 indicates cautious optimism, with analysts projecting an average EPS of 7.94 for the current year.

Insider Transactions and Institutional Investment

In other corporate news, Bunge Global’s Vice President, Christos Dimopoulos, sold 25,300 shares of the company on November 21, 2023, at an average price of $94.37. The total transaction was valued at approximately $2,387,561. Following this sale, Dimopoulos retains 104,537 shares valued at about $9,865,156.69, marking a 19.49% decline in his holdings. Insider ownership currently stands at 0.80% of the company’s stock.

Recent activity among institutional investors has shown a trend of increasing investments in Bunge Global. Notably, Nomura Holdings Inc. acquired shares worth $275,000 during the third quarter. Zacks Investment Management also entered a new stake valued at approximately $263,000. Other investors, including Florida Financial Advisors LLC and Financial Advisors Network Inc., have expanded their positions, reflecting strong institutional interest. Currently, institutional investors own 86.23% of Bunge Global’s stock.

Bunge Global operates as a leading agribusiness and food company, focusing on oilseed and grain processing, sugar production, and bioenergy, while also supplying fertilizers and agricultural inputs. The firm boasts an integrated value chain that supports various food processors, livestock producers, and retail customers globally. The company’s diverse portfolio includes commodities such as soybeans, corn, wheat, and sugarcane, with core business activities divided into agribusiness and food & ingredients segments.