Bunge Global SA Stock Price, News & Analysis

Bunge Limited (NYSE:BG) reported impressive Q3 2020 results, achieving a GAAP EPS of $1.84, a significant improvement from $(10.57) a year prior. Adjusted EPS rose to $2.47, up from $1.28. The Agribusiness segment excelled in oilseed processing, benefiting from increased margins and volumes. Full-year adjusted EPS outlook has been raised to $6.25-$6.75 due to robust Q3 performance and promising market trends. CEO Greg Heckman noted strong execution and demand in biofuels as positive indicators for continued growth.

Bunge Limited (NYSE: BG) will report its third-quarter 2020 financial results on October 28, 2020, before market opening, followed by a conference call at 7:00 a.m. Central Time. A slide presentation will be available on their website. Investors can access the call by dialing specific numbers based on their location. A replay will be available from October 28 to November 28, 2020. Bunge, founded in 1818, is a leader in oilseed and grain products, with a global network supporting farmers and consumers.

Bunge Loders Croklaan (BLC) has inaugurated its first shea butter processing facility in Tema, Ghana, marking the largest of its kind in Africa. The facility, which became operational in 2019, supports local economies by employing 73 individuals and enhancing the shea supply chain. The company launched the Where Life Grows campaign to promote sustainability and empower local communities. Shea butter demand is projected to grow significantly, with 16 million African women reliant on the shea industry for their livelihoods. BLC aims to foster socio-economic development while adhering to sustainable practices.

Bunge Limited (NYSE: BG) has priced a public offering of $600 million in 1.630% senior notes maturing in 2025. This offering, made through its subsidiary Bunge Limited Finance Corp., is set to close on August 17, 2020. The funds will be utilized for general corporate purposes, including repayment of short-term debt. Major financial institutions like Citigroup and Goldman Sachs are managing the offering, adhering to SEC regulations. This move indicates Bunge's strategy to optimize its financial structure.

Bunge Limited (NYSE: BG) has declared a quarterly cash dividend of $0.50 per common share, payable on December 2, 2020, to shareholders of record on November 18, 2020. Additionally, a dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares will be paid on December 1, 2020, to shareholders on record as of November 15, 2020. This reflects Bunge's commitment to returning value to shareholders while fostering sustainable growth.

Bunge Limited (NYSE: BG) reported a strong Q2 2020, achieving GAAP EPS of $3.47 compared to $1.43 in Q2 2019. Adjusted EPS rose to $3.88 from $1.52. Key segments such as Agribusiness and Edible Oils performed exceptionally well, with Agribusiness EBIT at $943 million, up from $283 million. The company updated its full-year earnings outlook upward due to better-than-expected results and strong cash flow management. Bunge also reported $277 million in cash and unused credit facilities of $3.6 billion, ensuring robust liquidity despite COVID-19 challenges.

Bunge Limited (NYSE: BG) will announce its second quarter 2020 financial results on July 29, 2020, before the market opens. A conference call will be held at 7:00 a.m. CT on the same day to discuss these results. Investors can access the live call by dialing 1-844-735-3666 or via the webcast on Bunge's website. A replay will be available shortly after the call, lasting until August 29, 2020.

Founded in 1818, Bunge is a leader in sourcing and supplying oilseed and grain products globally.

Bunge Limited (NYSE: BG) held a virtual business update on June 24, 2020, highlighting its strategies and value drivers. The management team, led by CEO Greg Heckman, presented progress on priorities including a streamlined operating model and improved financial discipline. Key points included a focus on oilseeds and a disciplined capital allocation strategy, projecting earnings of at least $5 per share at long-term average crush margins. The company emphasized strong cash flows and multiple opportunities to enhance earnings power.

Bunge Limited (NYSE: BG) will host a virtual business update on June 24, 2020, at 9:00 a.m. CT. CEO Greg Heckman, CFO John Neppl, and President of Global Risk Management Brian Zachman will lead the event. The live webcast can be accessed via the company's website in the 'Events and presentations' section, with a replay available for 30 days post-event. Investors can dial into the meeting through specific numbers based on their location, with details provided for accessing the replay later.