Bunge Limited (NYSE:BG) Insider Jerry Matthews Simmons, Jr. Sells 2,636 Shares
Bunge Limited (NYSE:BG) insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the transaction, the insider now owns 20,214 shares in the company, valued at approximately $1,617,120. The sale was disclosed in a document filed with the SEC, which is available through this link.
Bunge Limited (NYSE BG) opened at 76.98 on Wednesday. Bunge Limited has a 12-month low of $58.19 and a 12-month high of $83.75. The stock’s 50 day moving average price is $77.15 and its 200 day moving average price is $76.24. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 21.94 and a beta of 1.02.
Bunge Limited (NYSE:BG) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The business had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. Analysts forecast that Bunge Limited will post $4.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.39%. Bunge Limited’s dividend payout ratio is currently 48.98%.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Bunge Limited by 1,532.8% in the first quarter. BlackRock Inc. now owns 7,991,765 shares of the basic materials company’s stock valued at $633,427,000 after buying an additional 7,502,326 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Bunge Limited during the second quarter valued at about $86,883,000. Vanguard Group Inc. increased its stake in shares of Bunge Limited by 9.0% in the first quarter. Vanguard Group Inc. now owns 13,226,070 shares of the basic materials company’s stock valued at $1,048,298,000 after buying an additional 1,095,696 shares in the last quarter. AQR Capital Management LLC increased its position in Bunge Limited by 101.8% in the first quarter. AQR Capital Management LLC now owns 2,026,586 shares of the basic materials company’s stock valued at $160,627,000 after buying an additional 1,022,468 shares during the period. Finally, American Century Companies Inc. acquired a new position in Bunge Limited during the first quarter valued at $55,314,000. Institutional investors and hedge funds own 81.69% of the company’s stock.
A number of research analysts have weighed in on BG shares. Stephens lowered Bunge Limited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 3rd. J P Morgan Chase & Co upgraded Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 price objective on the stock in a report on Thursday, May 4th. BMO Capital Markets restated a “buy” rating on shares of Bunge Limited in a report on Friday, May 5th. Credit Suisse Group set a $80.00 price objective on Bunge Limited and gave the company a “buy” rating in a report on Thursday, May 4th. Finally, BidaskClub lowered Bunge Limited from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $84.83.
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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