Bunge Limited (NYSE:BG) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $82.00.
Several research analysts have recently commented on BG shares. Credit Suisse Group set a $85.00 price objective on Bunge Limited and gave the stock a “buy” rating in a report on Monday, February 27th. BMO Capital Markets restated a “buy” rating on shares of Bunge Limited in a report on Friday, May 5th. Goldman Sachs Group, Inc. (The) downgraded Bunge Limited from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Monday, March 20th. Zacks Investment Research upgraded Bunge Limited from a “sell” rating to a “hold” rating in a report on Monday, February 20th. Finally, J P Morgan Chase & Co upgraded Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 price target on the stock in a report on Thursday, May 4th.
In related news, insider David Kabbes sold 593 shares of the business’s stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $79.95, for a total transaction of $47,410.35. Following the transaction, the insider now owns 5,507 shares in the company, valued at approximately $440,284.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Soren Schroder sold 12,532 shares of Bunge Limited stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $80.01, for a total value of $1,002,685.32. Following the sale, the chief executive officer now directly owns 69,140 shares in the company, valued at $5,531,891.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of BG. Achmea Investment Management B.V. purchased a new stake in Bunge Limited during the first quarter valued at $2,999,000. Tower Research Capital LLC TRC purchased a new stake in Bunge Limited during the first quarter valued at $370,000. Point72 Asia Hong Kong Ltd purchased a new stake in Bunge Limited during the first quarter valued at $160,000. Greenwood Gearhart Inc. boosted its stake in Bunge Limited by 1.2% in the first quarter. Greenwood Gearhart Inc. now owns 47,783 shares of the basic materials company’s stock valued at $3,787,000 after buying an additional 588 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Bunge Limited by 13.3% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,400 shares of the basic materials company’s stock valued at $745,000 after buying an additional 1,100 shares during the last quarter. 80.34% of the stock is currently owned by institutional investors and hedge funds.
Bunge Limited (BG) traded down 1.27% during midday trading on Tuesday, hitting $76.81. The company’s stock had a trading volume of 746,687 shares. The company has a market cap of $10.78 billion, a PE ratio of 20.38 and a beta of 1.01. Bunge Limited has a 52-week low of $56.69 and a 52-week high of $83.75. The stock has a 50 day moving average of $75.55 and a 200 day moving average of $75.00.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.33. The company had revenue of $11.12 billion during the quarter, compared to analysts’ expectations of $8.96 billion. Bunge Limited had a return on equity of 8.03% and a net margin of 1.23%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS. On average, equities analysts expect that Bunge Limited will post $5.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Friday, August 18th. This is an increase from Bunge Limited’s previous quarterly dividend of $0.42. Bunge Limited’s payout ratio is currently 45.41%.
Bunge Limited Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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