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 |
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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 |
- 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.
- Data Shared With Reuters
- Statement
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
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
Bunge Limited (NYSE:BG) today reported third quarter 2023 results Q3 GAAP diluted EPS of $2.47 vs. $2.49 in the prior year; $2.99 vs. $3.45 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 Higher Refined and Specialty Oils results driven by strength in North America Significant progress on Viterra transaction and other growth initiatives Repurchased ~$600 million of common shares since Q2 Increasing full-year adjusted EPS outlook to at least $12.50 Overview Greg Heckman, Bunge's Chief Executive Officer, commented, "Our team
Bunge Limited (NYSE:BG) will announce its results for the quarter ended September 30, 2023, on Thursday, October 26, 2023, 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 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, please
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
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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
Bunge Global SA (NYSE:BG) ("Bunge"), today announced that in connection with its pending acquisition (the "Business Combination") of Viterra Limited ("Viterra"), Bunge's wholly-owned subsidiary, Bunge Limited Finance Corp. ("BLFC") has commenced 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"), each series as issued by Viterra Finance B.V. ("VFBV") and guaranteed by Viterra and Viterra B.V., for
USA News Group Commentary Issued on behalf of BioVaxys Technology Corp. VANCOUVER, BC, Aug. 19, 2024 /PRNewswire/ -- USA News Group – How we take care of the planet, and the food we eat is rapidly shifting. Back in May, the World Economic Forum addressed how countries are redefining their bioeconomy for the future, with each aiming for sustainable solutions. NGOs around the world are calling for urgent action to accelerate nature-based solutions to tackle global challenges, while the World Bank is encouraging sustainable agriculture, not an end to farming. Behind the scenes, several biotech firms are working on solutions that can help foster these types of goals, including BioVaxys Technolog
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
USA News Group CommentaryIssued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, June 26, 2024 /PRNewswire/ -- USA News Group – Citizens of Portland were covered in smoke this week, after a 4-alarm grease fire destroyed the Shin Shin food factory. This incident followed another fire earlier in June that broke out at the Champlain Beef meat processing plant which is situated between the border of Upstate New York and Vermont, while another chicken factory in Illinois erupted in flames at the beginning of the month. While these two tragedies likely won't make a dent in the overall food security of the United States, they do present a rising trend of concern towards whe
Bunge Global SA (NYSE:BG) has entered into definitive agreements to sell its 50% share in BP Bunge Bioenergia to bp, its joint venture partner. 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. Bunge's Chief Executive Officer Greg Heckman commented: "We are pleased with the way the business is operating and the great work the team has done to become a leader in sugar and bioenergy since we created this joint venture
Around 185,000 metric tons of deforestation-free soybean meal were shipped from Brazil to Thailand to test the companies' joint digital blockchain traceability solution for sustainable soy Bunge (NYSE:BG), a leading agribusiness and food company, and Bangkok Produce Merchandising Public Company Limited (BKP), a subsidiary of Charoen Pokphand Foods Public Company Limited (CPF or CP Foods), a world leader in food, jointly tested a traceability platform using blockchain technology for sustainable soy. To date, three shipments totaling 185,000 metric tons of deforestation-free soybean meal have been loaded in Brazil and are headed to Thailand, allowing CP Foods to trace the soybeans from farm
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
USA News Group Commentary Issued on behalf of Bee Vectoring Technologies International Inc. VANCOUVER, BC, May 9, 2024 /PRNewswire/ -- USA News Group – In order to help farmers advance conservation and climate-smart agriculture, the USDA recently made $1.5 billion available as part of US President Biden's Investing in America Agenda. The newly-available capital is part of several climate-smart agriculture investments the USDA has made since the beginning of the current Administration's reign, which have been made through the Inflation Reduction Act, and the Partnerships for Climate-Smart Commodities program, which have been estimated to support over 180,000 farms and over 225 million acres i
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