Latest news with #Viterra
Yahoo
10-07-2025
- Business
- Yahoo
UBS Keeps Buy Rating on Bunge (BG) After Viterra Merger
Bunge Global SA (NYSE:BG) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On July 3, UBS maintained its 'Buy' rating on Bunge Global SA (NYSE:BG) with a price target of $100. This decision came after Bunge Global SA (NYSE:BG) completed its merger with Viterra, which created a premier global agribusiness solutions company for food, feed, and fuel. Aerial view of an orchard of different fruits, representing the abundance of the agribusiness. As a result of this transaction, Bunge Global SA (NYSE:BG) is now a stronger company with more capabilities and expertise to meet the changing needs of its customers and deliver more value to its stakeholders. UBS analyst Manav Gupta pointed out that the merger is anticipated to help improve the balance of value chains across geographies. Gupta also expected Bunge Global SA (NYSE:BG) to achieve significant synergies while producing more stable cash flows. Bunge Global SA (NYSE:BG) is a global agribusiness and food company that specializes in grain origination, storage, distribution, and oilseed processing and refining. The company offers a broad portfolio of plant-based oils, fats, and proteins. While we acknowledge the potential of BG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Forbes
09-07-2025
- Business
- Forbes
Down 30%, What's Next For BG Stock?
UKRAINE - 2021/05/04: In this Photo illustration a Bunge logo of Bunge Limited food company is seen ... More on a smartphone and a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Bunge Global (NYSE: BG), a major player in agribusiness and food, has experienced a 32% decline in its stock over the last year, while the S&P 500 has increased by 12% during the same timeframe. The main cause: a significant drop in global crop prices. An oversupply of corn, soybeans, and wheat has driven commodity prices down to multi-year lows, squeezing margins throughout Bunge's core processing operations. In Q1 2025, Bunge revealed a 40% year-over-year decrease in adjusted earnings, leading to a downward adjustment in its full-year EPS prediction to $7.75. Even with efforts to diversify and expand through strategic initiatives like the Viterra merger, Bunge continues to be significantly susceptible to cyclical agricultural market fluctuations. Separately, see MSFT Stock to $1000? At the current price of $75, Bunge Global seems attractively priced, trading at a price-to-sales (P/S) ratio of merely 0.2 in comparison to 3.1 for the S&P 500, and a price-to-earnings (P/E) ratio of 9.5 against the broader market's 26.9. Nevertheless, low valuation multiples by themselves do not render a stock appealing. When evaluated across four essential dimensions: Growth, Profitability, Financial Stability, and Downturn Resilience, Bunge underperforms, indicating that the discounted valuation highlights deeper operational and structural shortcomings. That said, if you're looking for growth with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and yielded returns exceeding 91% since its inception. How Have Bunge Global's Revenues Grown Over Recent Years? Bunge Global's Revenues have significantly dropped in recent years. • Bunge Global has experienced its top line decline at an average rate of 5.7% over the past 3 years (compared to an increase of 5.5% for S&P 500) • Its revenues have decreased 10.9% from $58 Bil to $51 Bil in the last 12 months (versus growth of 5.5% for S&P 500) • Additionally, its quarterly revenues reduced by 13.2% to $12 Bil in the most recent quarter from $13 Bil a year prior (as opposed to a 4.8% improvement for S&P 500) How Profitable Is Bunge Global? Bunge Global's profit margins are significantly below most companies in the Trefis coverage universe. • Bunge Global's Operating Income over the last four quarters was $1.4 Bil, representing a very poor Operating Margin of 2.7% • Bunge Global's Operating Cash Flow (OCF) during this time was $621 Mil, indicating a very poor OCF Margin of 1.2% (vs. 14.9% for S&P 500) • For the last four-quarter period, Bunge Global's Net Income was $1.1 Bil – reflecting a poor Net Income Margin of 2.1% (compared to 11.6% for S&P 500) Does Bunge Global Look Financially Stable? Bunge Global's balance sheet appears stable. • Bunge Global's Debt amount was $7.7 Bil at the conclusion of the most recent quarter, while its market capitalization is $10 Bil (as of 7/7/2025). This results in a poor Debt-to-Equity Ratio of 71.2% (versus 19.4% for S&P 500). [Note: A low Debt-to-Equity Ratio is desirable] • Cash (including cash equivalents) constitutes $3.9 Bil of the $27 Bil in Total Assets for Bunge Global. This results in a strong Cash-to-Assets Ratio of 14.6% How Resilient Is BG Stock During A Downturn? BG stock has performed significantly worse than the benchmark S&P 500 index during some recent downturns. Concerned about how a market crash could affect BG stock? Our dashboard How Low Can Stocks Go During A Market Crash illustrates how key stocks performed during and after the last six market crashes. • BG stock declined 35.4% from a peak of $126.76 on 18 April 2022 to $81.92 on 26 September 2022, compared to a peak-to-trough drop of 25.4% for the S&P 500 • The stock is still yet to regain its pre-Crisis peak • The highest price the stock has achieved since then is 115.98 on 7 August 2023 and it currently trades around $75 • BG stock dropped 47.8% from a peak of $57.94 on 3 January 2020 to $30.25 on 18 March 2020, versus a peak-to-trough decline of 33.9% for the S&P 500 • The stock fully returned to its pre-Crisis peak by 28 October 2020 • BG stock decreased 77.5% from a high of $133.00 on 14 January 2008 to $29.99 on 28 October 2008, compared to a peak-to-trough decline of 56.8% for the S&P 500 • The stock has yet to recover to its pre-Crisis peak Putting All The Pieces Together Despite a seemingly favorable valuation, BG stock appears fundamentally fragile in areas of growth, profitability, and resilience during downturns. Until there's proof of a shift in commodity prices or consistent improvement in operating performance, the stock remains a high-risk investment. While avoiding BG stock for now is advisable, you might consider the Trefis Reinforced Value (RV) Portfolio, which has surpassed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to deliver strong returns for investors. Why is that? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks offered a flexible way to capitalize on favorable market conditions while minimizing losses in declining markets, as described in RV Portfolio performance metrics.
Yahoo
08-07-2025
- Business
- Yahoo
Bunge Global (BG) Divests North America Dry Corn and Masa Milling Business
Bunge Global SA (NYSE:) is . On July 1, the company announced the sale of its North America dry corn and Corn masa milling business. The divestment came as the company strived to streamline operations ahead of its planned merger with Canadian grain handler Viterra. Chutima Chaochaiya/ The spinoff comprises businesses that make maize masa flour and dry-milled corn products, which are frequently used in tortillas, cereals, snack meals, and other consumer packaged goods. Additionally, the sale comes as Food manufacturers remain under pressure to optimize supply chains and adjust to changing customers. The sale also paves the way for Bunge to concentrate on its core oilseeds processing and plant-based oil business. Bunge has already confirmed the closing of its merger with Viterra, resulting in the creation of premier global agribusiness solutions focused on food feed and fuel. Bunge Global stands out as one of the best farming stocks as it connects farmers and consumers to deliver essential food, feed, and fuel. It is involved in various stages of the agricultural supply chain, including sourcing, storing, and distributing agricultural commodities and related products. Bunge has made public commitments to reduce greenhouse gas emissions, improve supply chain traceability, and support sustainable sourcing—key factors for investors focused on ESG and organic food trends. While we acknowledge the potential of BG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Blue Chip Stocks to Buy According to Analysts and 10 Most Undervalued Gold Stocks to Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
07-07-2025
- Business
- Globe and Mail
Bunge Limited Finance Corp. Announces Expiration and Final Results of Exchange Offers
Bunge Global SA (NYSE: BG) ('Bunge'), today announced the expiration and final results of the previously announced (A) offers to exchange (each an 'Exchange Offer' and, collectively the 'Exchange Offers') by its wholly-owned subsidiary, Bunge Limited Finance Corp. ('BLFC'), of 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 Notes'), each series as issued by Viterra Finance B.V. ('VFBV') and guaranteed by Viterra Limited ('Viterra') and Viterra B.V., for (1) up to $1.95 billion aggregate principal amount of new notes to be issued by BLFC and guaranteed by Bunge (the 'New Bunge Notes'), and (2) cash; and (B) related solicitations of consents by BLFC, on behalf of VFBV (each a 'Consent Solicitation' and, collectively, the 'Consent Solicitations') from Eligible Holders (as defined below) of the (1) Existing Viterra 2026 Notes and the Existing Viterra 2031 Notes to amend the VFBV base indenture dated April 21, 2021, governing the Existing Viterra 2026 Notes and the Existing Viterra 2031 Notes (the 'Existing Viterra 2026 and 2031 Notes Indenture'); and (2) Existing Viterra 2027 Notes and the Existing Viterra 2032 Notes to amend the VFBV base indenture dated April 21, 2022, governing the Existing Viterra 2027 Notes and the Existing Viterra 2032 Notes (the 'Existing Viterra 2027 and 2032 Notes Indenture', and with the Existing Viterra 2026 and 2031 Notes Indenture, each an 'Existing Viterra Indenture' and collectively, the 'Existing Viterra Indentures'). On the early tender date and consent revocation deadline of September 20, 2024, BLFC received consents sufficient to amend the respective Existing Viterra Indentures to, among other things, eliminate certain of the covenants, restrictive provisions and events of default and modify or amend certain other provisions, including unconditionally releasing and discharging the guarantees by each of Viterra and Viterra B.V. (with respect to the corresponding Existing Viterra Indenture for that series and, together, as the context requires, the 'Proposed Amendments'). Supplemental indentures to the Existing Viterra Indentures were executed on September 23, 2024 in order to effect the Proposed Amendments (each an 'Existing Viterra Supplemental Indenture' and collectively, the 'Existing Viterra Supplemental Indentures'). The Existing Viterra Supplemental Indentures will become operative only upon the settlement date for the Exchange Offers and the Consent Solicitations. The Exchange Offers expired at 5:00 p.m., New York City time, on July 3, 2025 (the 'Expiration Date'), and no tenders submitted after the Expiration Date are valid. Each Exchange Offer and Consent Solicitation was made subject to the satisfaction of certain conditions, including among other things, the consummation of Bunge's acquisition (the 'Business Combination') of Viterra. On July 2, 2025, Bunge completed the Business Combination and all other conditions set forth in the offering memorandum and consent solicitation statement dated September 9, 2024 (the 'Statement') were satisfied. The settlement of the Exchange Offers and Consent Solicitations are expected to occur on July 8, 2025. As of 5:00 p.m., New York City time, on the Expiration Date, the principal amounts of Existing Viterra Notes set forth in the table below had been validly tendered and not validly withdrawn (and consents thereby validly delivered and not validly revoked). BLFC made the Exchange Offers and Consent Solicitations pursuant to the terms and subject to the conditions set forth in the Statement. The Statement and other documents relating to the Exchange Offers and Consent Solicitations were distributed to holders of Existing Viterra Notes who completed and returned a letter of eligibility certifying that they were (i) 'qualified institutional buyers' within the meaning of Rule 144A under the Securities Act of 1933, as amended ('Securities Act') or (ii) not 'U.S. persons' and were outside of the United States within the meaning of Regulation S under the Securities Act and who were 'non-U.S. qualified offerees' (as defined in the Statement) and who were not located in Canada were authorized to receive and review the Statement (such persons, 'Eligible Holders'). BLFC has engaged BofA Securities, Inc. and J.P. Morgan Securities LLC as Lead Dealer Managers and Solicitation Agents, and SMBC Nikko Securities America, Inc. as Co-Dealer Manager and Solicitation Agent for the Exchange Offers and Consent Solicitations. Please direct questions regarding the Exchange Offers and Consent Solicitations to BofA Securities, Inc. at (888) 292-0070 (toll-free) or (980) 387-3907 (collect for banks and brokers) or J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-3554 (collect for banks and brokers). The New Bunge Notes have not been registered under the Securities Act or any state or foreign securities laws, and they may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state and foreign securities laws. About Bunge At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~37,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they're grown to where they're needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the value chain to deliver quality products and develop tailored, innovative solutions that address evolving consumer needs. With 200+ years of experience and presence in over 50 countries, we are committed to strengthening global food security, advancing sustainability, and helping communities prosper where we operate. Bunge has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. Learn more at Cautionary Statement Concerning Forward Looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations and projections about our future results, performance, prospects and opportunities. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including "may," "will," "should," "could," "expect," "anticipate," "believe," "plan," "intend," "estimate," "continue" and similar expressions. These forward-looking statements, which include those related to BLFC's ability to consummate the Exchange Offers and the Consent Solicitations, Bunge's ability to generate sufficient cash flows to service debt and other obligations and ability to access capital, including debt or equity, and Bunge's ability to achieve the benefits contemplated by the Exchange Offers and the Consent Solicitations, are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements, which are described in our Securities and Exchange Commission filings, including those set forth in 'Item 1A. Risk Factors' in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 20, 2025, and 'Part II – Item 1A. Risk Factors' in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, filed with the SEC on May 7, 2025. The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances. No Offer or Solicitation This communication is not intended to and does not constitute an offer to purchase, or the solicitation of an offer to sell, or the solicitation of tenders or consents with respect to any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In the case of the Exchange Offers and Consent Solicitations, the Exchange Offers and Consent Solicitations are being made solely pursuant to the Statement and only to such persons and in such jurisdictions as is permitted under applicable law.
Zawya
04-07-2025
- Business
- Zawya
South Africa: Viterra-Bunge merger closes, Glencore plans $1bln buyback
Glencore has confirmed that the merger of Viterra with Bunge Global SA (Bunge) has closed. Under the merger terms, Glencore has received 32.8 million shares in Bunge, representing 16.4% of the enlarged company, and approximately $900m, subject to later adjustment. 'Reflecting Glencore's capital allocation and leverage framework, by which our balance sheet is managed around a certain net debt threshold, we view these NYSE-listed Bunge shares as representing surplus capital,' it said in a statement. Glencore intends to commence a share buyback programme, underpinned by the value of this shareholding, of up to $1bn, representing less than 40% of the current market value of the shares. It plans to start the buyback on Monday, 7 July and complete it by the release of its financial results for the 2025 financial year in February 2026. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
