Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Fertilizer, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals. It provides its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing companies; and for industrial and biodiesel production applications. The Edible Oil Products segment provides packaged and bulk oils and fats, including cooking oils, shortenings, margarines, mayonnaise, and others for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. The Milling Products segment offers wheat flours and bakery mixes; corn milling products that include dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; and whole grain and fiber ingredients. The Fertilizer segment offers nitrogen, phosphate, and potassium fertilizers; and SSP, ammonia, ammonium thiosulfate, monoammonium phosphate, diammonium phosphate, triple superphosphate, urea, urea-ammonium nitrate, ammonium sulfate, and potassium chloride. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. The company was founded in 1818 and is headquartered in St. Louis, Missouri.
IPO Year:
Exchange: NYSE
Website: bunge.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/1/2024 | $125.00 → $114.00 | Buy → Neutral | Citigroup |
| 2/9/2024 | $122.00 → $105.00 | Hold → Buy | HSBC Securities |
| 2/1/2024 | $108.00 | Buy | Citigroup |
| 1/10/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/15/2023 | $122.00 | Hold | HSBC Securities |
| 6/22/2023 | $138.00 | Buy | ROTH MKM |
| 4/14/2023 | $120.00 | Outperform | BMO Capital Markets |
| 2/9/2023 | $127.00 → $115.00 | Outperform → Neutral | Robert W. Baird |
| 12/14/2022 | $133.00 | Buy | UBS |
| 8/12/2022 | $127.00 | Outperform | Wolfe Research |
With a high level of engagement from grain resellers, the company becomes the first to fully monitor all volumes purchased in Brazil's priority regions. The company agreed with its technology partner Vega to make its traceability tool available to other companies in the sector. 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% trac
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 repurchase program as of September 30, 2024, for an aggregate purchase authorization of approximately $1.3 billion (the "Expanded Program"). Greg Heckman, Bunge's Chief Executive Officer, said, "As we continuously look for opp
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 2031 Notes") and 5.250% Notes due 2032 (the "Existing Viterra 2032 Notes", and together with the Existing Viterra 2026 Notes, the Existing Viterra 2027 Notes, and the Existing Viterra 2031 Notes, collectively, the "Existing Vite
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 priorities, including closing the sale of the sugar & bioenergy joint venture Repurchased $200 million of common shares during Q3, bringing the YTD total to $600 million Adjusted full-year EPS outlook now expected to be at lea
Employees in more than 85 cities around the world invest time and resources in volunteer activities in recognition of World Food Day. Bunge has expanded the reach of its Global Volunteer Program with employees around the world participating in more events in recognition of United Nation's World Food Day. In a month-long initiative connecting employees with local non-profit organizations, Bunge is focused on supporting food security in communities where it operates. This year, employees in more than 85 cities have planned events, a 30% increase compared to 2023. These efforts promote nutrition and well-being and are part of Bunge's commitment to creating sustained, positive community impact
Bunge Global SA (NYSE:BG) ("Bunge"), today announced that its wholly-owned subsidiary, Bunge Limited Finance Corp. ("BLFC"), has 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 2031 Notes") and 5.250% Notes due 2032 (the "Existing Viterra 2032 Notes", and together with the Existing Viterra 2026 Notes, the Existing Viterra 2027 Notes, and the Existing Viterra 2031 Notes, collectively, the "Existing Viterra Note
Bunge Global SA (NYSE:BG) will announce its results for the quarter ended September 30, 2024, on Wednesday, October 30, 2024, prior to the market opening. The Company's management will also host a conference call at 7:00 a.m. Central Time to discuss the results. A slide presentation to accompany the discussion will be posted on www.bunge.com. To access the webcast, go to "Events & Presentations" under "News & Events" in the "Investor Center" section of the company's website. Select "Q3 2024 Bunge Global SA Conference Call" and follow the prompts. Please go to the website at least 15 minutes prior to the call to register and download any necessary audio software. To listen to the call,
Bunge Global SA (NYSE:BG) announced today it has completed the previously announced sale of its 50% share in BP Bunge Bioenergia to bp, which now owns 100% of the business. About Bunge At Bunge (NYSE:BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to strengthen global food security, increase sustainability where we operate, and help communities prosper. As a world leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to bring quality pr
Bunge Global SA (NYSE:BG) ("Bunge"), today announced that its wholly-owned subsidiary, Bunge Limited Finance Corp. ("BLFC"), has received consents from Eligible Holders (as defined herein) representing (i) 96.5% in principal amount of 2.000% Notes due 2026 (the "Existing Viterra 2026 Notes") and 3.200% Notes due 2031 (the "Existing Viterra 2031 Notes"), voting as one class; and (ii) 97.6% in principal amount of 4.900% Notes due 2027 (the "Existing Viterra 2027 Notes") and 5.250% Notes due 2032 (the "Existing Viterra 2032 Notes"), voting as one class, each series as issued by Viterra Finance B.V. ("VFBV") and guaranteed by Viterra Limited ("Viterra") and Viterra B.V., pursuant to Bunge and B
Bunge Global SA (NYSE:BG) (the "Company" or "Bunge") today announced that Bunge Limited Finance Corp., its wholly owned finance subsidiary, has successfully priced a public offering of $2.0 billion aggregate principal amount, comprised of three tranches of senior unsecured notes (collectively, the "Senior Notes"), as follows: $400 million aggregate principal amount of 4.100% Senior Notes due 2028; $800 million aggregate principal amount of 4.200% Senior Notes due 2029; and $800 million aggregate principal amount of 4.650% Senior Notes due 2034. The Senior Notes will be fully and unconditionally guaranteed by Bunge Global SA on a senior unsecured basis. The offering was made pursuant
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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 priorities, including closing the sale of the sugar & bioenergy joint venture Repurchased $200 million of common shares during Q3, bringing the YTD total to $600 million Adjusted full-year EPS outlook now expected to be at lea
Bunge Global SA (NYSE:BG) will announce its results for the quarter ended September 30, 2024, on Wednesday, October 30, 2024, prior to the market opening. The Company's management will also host a conference call at 7:00 a.m. Central Time to discuss the results. A slide presentation to accompany the discussion will be posted on www.bunge.com. To access the webcast, go to "Events & Presentations" under "News & Events" in the "Investor Center" section of the company's website. Select "Q3 2024 Bunge Global SA Conference Call" and follow the prompts. Please go to the website at least 15 minutes prior to the call to register and download any necessary audio software. To listen to the call,
Bunge Global SA (NYSE:BG) today reported second quarter 2024 results. Q2 GAAP diluted EPS of $0.48 vs. $4.09 in the prior year; $1.73 vs. $3.72 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences Lower Agribusiness results reflect a more balanced global supply environment Refined and Specialty Oils performed well, but results were down from a strong prior year Excellent progress on Viterra integration planning and other strategic priorities including the announced sale of our interest in the sugar & bioenergy joint venture Updating adjusted full-year EPS outlook to approximately $9.25 Overview Greg Heckman, Bunge's Chief Executi
Bunge Global SA (NYSE:BG) will announce its results for the quarter ended June 30, 2024, on Wednesday, July 31, 2024, prior to the market opening. The Company's management will also host a conference call at 7:00 a.m. Central Time to discuss the results. A slide presentation to accompany the discussion will be posted on www.bunge.com. To access the webcast, go to "Events & Presentations" under "News & Events" in the "Investor Center" section of the company's website. Select "Q2 2024 Bunge Global SA Conference Call" and follow the prompts. Please go to the website at least 15 minutes prior to the call to register and download any necessary audio software. To listen to the call, please di
Shareholders of Bunge Global SA (NYSE:BG) approved a cash dividend in the amount of $2.72 per share, payable in four equal installments of $0.68, at the company's 2024 Annual General Meeting held in Switzerland today. The dividends will be paid as indicated below: Bunge Quarter, Fiscal Year Payment Date Record Date Amount 2nd Quarter, Fiscal Year 2024 June 3, 2024 May 20, 2024 $0.68 3rd Quarter, Fiscal Year 2024 September 2, 2024 August 19, 2024 $0.68 4th Quarter, Fiscal Year 2024 December 2, 2024 November 18, 2024 $0.68 1st Quarter, Fiscal Year 2025 Ma
Bunge Global SA (NYSE:BG) today reported first quarter 2024 results. Q1 GAAP diluted EPS of $1.68 vs. $4.15 in the prior year; $3.04 vs. $3.26 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences In Agribusiness higher Processing results were more than offset by lower results in Merchandising Refined and Specialty Oils down from a strong prior year Significant progress on Viterra integration planning and other growth initiatives Repurchased $400 million of shares during the quarter Maintaining adjusted full-year EPS outlook of approximately $9.00 Overview Greg Heckman, Bunge's Chief Executive Officer, commented, "We are please
Bunge Global SA (NYSE:BG) will announce its results for the quarter ended March 31, 2024, on Wednesday, April 24, 2024, prior to the market opening. The Company's management will also host a conference call at 7:00 a.m. Central Time to discuss the results. A slide presentation to accompany the discussion will be posted on www.bunge.com. To access the webcast, go to "Events & Presentations" under "News & Events" in the "Investor Center" section of the company's website. Select "Q1 2024 Bunge Global SA Conference Call" and follow the prompts. Please go to the website at least 15 minutes prior to the call to register and download any necessary audio software. To listen to the call, please
Bunge Global SA (NYSE:BG) today reported fourth quarter and full-year 2023 results. Full-year GAAP diluted EPS of $14.87 vs. $10.51 in the prior year; $13.66 vs. $13.91 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences Q4 GAAP diluted EPS of $4.18 vs. $2.21 in the prior year; $3.70 vs. $3.24 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences Excellent execution across value chains drove strong Q4 and full-year results Strong cash flow with full-year adjusted funds from operations of ~$2.5B Substantial progress on the Viterra transaction and other strategic growth initiatives as well as enhancing
Bunge Global SA (NYSE:BG) will announce its results for the quarter ended December 31, 2023, on Wednesday, February 7, 2024, prior to the market opening. The Company's management will also host a conference call at 7:00 a.m. Central Time to discuss the results. A slide presentation to accompany the discussion will be posted on www.bunge.com. To access the webcast, go to "Events & Presentations" under "News & Events" in the "Investor Center" section of the company's website. Select "Q4 2023 Bunge Limited Conference Call" and follow the prompts. Please go to the website at least 15 minutes prior to the call to register and download any necessary audio software. To listen to the call, plea
Company name becomes Bunge Global SA Bunge (NYSE:BG) said today that it has completed the previously announced move of the place of incorporation of its group holding company to Switzerland from Bermuda. With the redomestication effective, Bunge's group holding company is now a Swiss corporation, Bunge Global SA. Bunge continues to be listed exclusively on the New York Stock Exchange under the ticker symbol "BG," and Bunge Global SA will continue Bunge's normal course of global business. The company also announced that its Board of Directors has declared on October 31, 2023, a cash dividend of $0.6625 per common share. The dividend will be paid out of the Company's capital contribution
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Bunge Limited (NYSE:BG) today announced that Eliane Aleixo Lustosa de Andrade has been appointed to its Board of Directors, effective November 15, 2022. Aleixo Lustosa most recently served as Managing Director at the Brazilian Development Bank ("BNDES"), National Bank for Economic and Social Development, where she was responsible for capital markets and the execution of the Brazilian Privatization Program. Earlier in her career, she was the Chief Financial Officer of LLX Logística S.A. (currently Prumo Logística S.A.), Vice President of Finance and Control of Grupo Abril S.A., Executive Director of Globex Utilidades S.A. and Chief Investment Officer of the Petrobras' Employee Pension Fund.
Bunge Limited (NYSE:BG) today announced that Michael Kobori and Kenneth Simril have been appointed to its Board of Directors, effective October 25, 2021. Kobori is currently the Chief Sustainability Officer at Starbucks Coffee Company, a position he has held since 2020. Previously, Kobori was with Levi Strauss & Co. where he served as Vice President, Sustainability from 2007 to 2020 and Director, Global Code of Conduct from 2001 to 2006. Prior to that, he was with The Asia Foundation, where he supported human rights and economic development in Bangladesh, Thailand and Vietnam. Simril is the former President and Chief Executive Officer of Fleischmann's Ingredients, a position he held from
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- Reuters Citing Sources
- Bloomberg
BP p.l.c. (NYSE:BP) shares are trading lower after the company disclosed the trading update for the second quarter of FY24, with oil trading results expected to be weak after a strong first quarter. In the oil production and operations segment, the company anticipates realizations to have a favorable impact of $0.1 billion-$0.3 billion versus the first quarter, factoring in the effects of price lags on production in the Gulf of Mexico and the UAE. The British oil giant expects Upstream production in the quarter to remain flat compared to the prior quarter, with stable oil production and a slight decrease in gas and low-carbon energy output. Also Read: Is BP Bailing on Green? Reporte
- Reuters
BP p.l.c. (NYSE:BP) reportedly plans to assess expanding and diversifying its biofuel operations in Brazil, exploring new products like second-generation ethanol and sustainable aviation fuel following its acquisition of a stake in BP Bunge Bioenergia. Last week, the British oil major bought Bunge Global SA‘s (NYSE:BG) 50% stake in their joint venture, BP Bunge Bioenergia S.A., for an enterprise value of about $1.4 billion. The acquisition will consolidate 100% of the venture's financial results, including net debt of about $0.5 billion and lease obligations of around $0.7 billion. In written comments, the company expressed its plans to utilize the expansive biofuel infrastructure o
BP p.l.c. (NYSE:BP) shares are trading higher after the company agreed to purchase Bunge Global SA‘s (NYSE:BG) 50% stake in their joint venture, BP Bunge Bioenergia S.A., for an enterprise value of about $1.4 billion. The acquisition will consolidate 100% of the venture’s financial results, including net debt of about $0.5 billion and lease obligations of around $0.7 billion. The buyout meets BP’s expected bioenergy returns threshold of over 15% and fits within its disciplined financial framework, which includes capital expenditure targets of around $16 billion for 2024 and 2025. Upon completion, BP can produce about 50,000 barrels per day of ethanol equivalent from sugarcane throug
BP Bunge Bioenergia, a joint venture formed in 2019, combined both companies' Brazilian bioenergy and sugarcane ethanol businesses with a total of 11 mills located across the Southeast, North and Midwest regions of Brazil. At closing, which is expected to happen in the fourth quarter of 2024, bp will own 100% of the business.
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Citigroup downgraded Bunge from Buy to Neutral and set a new price target of $114.00 from $125.00 previously
HSBC Securities upgraded Bunge from Hold to Buy and set a new price target of $105.00 from $122.00 previously
Citigroup initiated coverage of Bunge with a rating of Buy and set a new price target of $108.00
Wolfe Research downgraded Bunge from Outperform to Peer Perform
HSBC Securities initiated coverage of Bunge with a rating of Hold and set a new price target of $122.00
ROTH MKM initiated coverage of Bunge with a rating of Buy and set a new price target of $138.00
BMO Capital Markets resumed coverage of Bunge with a rating of Outperform and set a new price target of $120.00
Robert W. Baird downgraded Bunge from Outperform to Neutral and set a new price target of $115.00 from $127.00 previously
UBS initiated coverage of Bunge with a rating of Buy and set a new price target of $133.00
Wolfe Research initiated coverage of Bunge with a rating of Outperform and set a new price target of $127.00