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Bunge Global SA - BG STOCK NEWS

Welcome to our dedicated page for Bunge Global SA news (Ticker: BG), a resource for investors and traders seeking the latest updates and insights on Bunge Global SA stock.

Bunge Global SA (NYSE: BG) is a leading global agribusiness and food company, with a strong presence in over 40 countries and employing approximately 35,000 people. Founded in 1818 and headquartered in White Plains, New York, Bunge operates at every stage of the food production chain. The company specializes in buying, selling, storing, and transporting oilseeds and grains to meet the needs of customers worldwide.

Bunge processes oilseeds to produce protein meal for animal feed and edible oil products for both commercial customers and consumers. The company is also engaged in the production of sugar and ethanol from sugarcane, as well as milling wheat, corn, and rice to create ingredients for food companies. Additionally, Bunge is a significant seller of fertilizer in South America.

The company operates through several segments, including Agribusiness, Refined and Specialty Oils, Milling, Sugar and Bioenergy, and Corporate and Other. The Agribusiness segment generates the majority of Bunge's revenue and includes activities related to oilseed and grain processing. By leveraging its extensive global network and state-of-the-art facilities, Bunge ensures the efficient transportation and processing of agricultural commodities.

In recent developments, Bunge has partnered with ag-tech start-up WeedOut, Ltd., through its investment arm, Bunge Ventures. WeedOut specializes in developing green solutions to combat herbicide-resistant weeds, an issue posing a significant threat to agriculture and food security worldwide. This collaboration aims to enhance crop yields and reduce reliance on chemical herbicides.

With a commitment to sustainability and innovation, Bunge continues to play a crucial role in connecting farmers to consumers, delivering essential food, feed, and fuel to a growing global population.

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Bunge Limited (NYSE:BG) announced its Q2 2022 results, reporting GAAP EPS of $1.34, down from $2.37 the prior year. Adjusted EPS rose to $2.97, compared to $2.61 in 2021. While Agribusiness processing improved, it was offset by lower merchandising results. Refined and Specialty Oils showed growth, particularly in North America and Europe. The company increased its full-year adjusted EPS outlook to at least $12 and introduced a framework targeting ~$11 per share by 2026, underpinned by $3.3 billion in growth investments and $1.25 billion in share repurchases.

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Bunge Limited (NYSE: BG) will report its financial results for the quarter ended June 30, 2022, on July 27, 2022, before market opening. Management will hold a conference call at 7:00 AM Central Time to discuss the results, with a slide presentation available on the company's website. Investors can access the call and a replay option will be available post-call until August 7, 2022. Bunge focuses on connecting farmers to consumers, emphasizing sustainability and food security, supported by a global presence in oilseed processing.

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Phospholutions Inc., a sustainable fertilizer technology leader, has secured additional funding from Ospraie Ag Sciences, Bunge Ventures (NYSE:BG), and UPL Ltd. to support the commercialization of RhizoSorb®. This patented fertilizer additive reduces phosphorus fertilizer usage by 50% without sacrificing crop yield. As global fertilizer demand rises, RhizoSorb® aims to enhance nutrient efficiency for cash crops. The recent investment follows a $10.3M Series A round and will help execute commercial trials in 2023, bolstering sustainable agricultural practices.

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Bunge Limited (NYSE: BG) has announced a 19% increase in its quarterly cash dividend, raising it to $0.625 per common share. This dividend will be payable on September 2, 2022, to shareholders recorded by August 19, 2022. With a rich history of over 200 years, Bunge focuses on connecting farmers to consumers, promoting sustainability, and enhancing global food security. The company operates in more than 40 countries, leveraging its scale and partnerships to meet evolving dietary needs while ensuring quality products.

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Bunge (NYSE:BG) CEO Greg Heckman will participate in a fireside chat at the BMO Capital Markets 17th Annual Farm to Market Conference on May 18 at 2:45 PM ET in New York City. Investors can access the webcast through the "Events and presentations" section on Bunge's website. With over 200 years of experience, Bunge connects farmers to consumers, focusing on sustainability and food security. The company operates nearly 300 facilities globally, employing around 23,000 individuals.

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Chevron U.S.A. and Bunge North America have formed Bunge Chevron Ag Renewables LLC, marking the completion of their previously announced joint venture. This new entity aims to innovate in the development of renewable fuel feedstocks by combining Bunge's oilseed processing expertise with Chevron's fuel manufacturing capabilities. The collaboration underscores both companies' commitment to sustainability and meeting the growing demand for cleaner energy solutions.

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Bunge Limited (NYSE:BG) reported Q1 2022 results with a GAAP EPS of $4.48, down from $5.52 in Q1 2021. Adjusted EPS improved to $4.26 from $3.13. Despite challenges from the Ukraine conflict, Agribusiness remains resilient, connecting farmers to consumers. Full-year adjusted EPS guidance has been increased to at least $11.50. The company faced a net income decrease to $688 million from $831 million. Key segments showed varied performance, with refined oils benefiting from strong demand, while the overall Agribusiness forecast hints at lower results compared to last year.

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Bunge (NYSE: BG) and Chevron (NYSE: CVX) have announced a strategic partnership with CoverCress Inc. to develop a new renewable oilseed and animal feed crop. This collaboration aims to enhance sustainability in agriculture and meet the growing demand for renewable fuels. The CoverCress™ technology, derived from field pennycress, will provide farmers with an additional revenue stream while benefiting soil health. Both companies have invested in CCI, which will supply grain for processing, establishing a dedicated farm-to-fuel supply chain.

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Bunge Limited (NYSE: BG) will hold its virtual Annual General Meeting of Shareholders on May 12, 2022, at 11:00 a.m. Central Time. Shareholders can access the meeting online through a live audio webcast. To vote or submit questions, shareholders must use their control number from proxy materials. The record date for shareholder eligibility was March 14, 2022. Bunge encourages all shareholders to vote in advance. Bunge, headquartered in St. Louis, Missouri, connects farmers to consumers and aims to improve global food security through sustainable practices.

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FAQ

What is the current stock price of Bunge Global SA (BG)?

The current stock price of Bunge Global SA (BG) is $79.05 as of December 23, 2024.

What is the market cap of Bunge Global SA (BG)?

The market cap of Bunge Global SA (BG) is approximately 11.0B.

What does Bunge Global SA do?

Bunge Global SA is a leading global agribusiness and food company that buys, sells, stores, and transports oilseeds and grains. They also process oilseeds, produce sugar and ethanol, mill wheat, corn, and rice, and sell fertilizer.

Where is Bunge Global SA headquartered?

Bunge Global SA is headquartered in White Plains, New York.

What are the main segments of Bunge Global SA?

The main segments of Bunge Global SA include Agribusiness, Refined and Specialty Oils, Milling, Sugar and Bioenergy, and Corporate and Other.

How many countries does Bunge operate in?

Bunge operates in over 40 countries worldwide.

How many employees does Bunge have?

Bunge employs approximately 35,000 people globally.

What is Bunge's recent partnership with WeedOut about?

Bunge has partnered with WeedOut to develop green solutions to combat herbicide-resistant weeds, aiming to improve crop yields and reduce the use of chemical herbicides.

What types of products does Bunge mill?

Bunge mills wheat, corn, and rice to produce ingredients for food companies.

When was Bunge founded?

Bunge was founded in 1818.

What is the main revenue-generating segment for Bunge?

The Agribusiness segment is the main revenue-generating segment for Bunge.

Is Bunge involved in sustainable agricultural practices?

Yes, Bunge is committed to sustainability and innovation, partnering with companies like WeedOut to develop environmentally friendly solutions for agriculture.

Bunge Global SA

NYSE:BG

BG Rankings

BG Stock Data

10.95B
138.31M
0.91%
82.25%
2.29%
Farm Products
Fats & Oils
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