Bunge Limited (BG) Downgraded by TheStreet
A number of other analysts have also recently commented on BG. Piper Jaffray Companies set a $86.00 price target on shares of Bunge Limited and gave the company a buy rating in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Bunge Limited from a strong sell rating to a hold rating in a research note on Tuesday, October 3rd. Citigroup Inc. cut shares of Bunge Limited from a buy rating to a neutral rating and set a $75.00 price target for the company. in a research note on Thursday, September 28th. Credit Suisse Group reiterated a buy rating and issued a $90.00 price target on shares of Bunge Limited in a research note on Friday, September 15th. Finally, Vertical Group cut shares of Bunge Limited from a buy rating to a hold rating in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $81.86.
Bunge Limited (NYSE BG) opened at 67.85 on Tuesday. Bunge Limited has a one year low of $58.49 and a one year high of $83.75. The company has a market cap of $9.54 billion, a P/E ratio of 19.40 and a beta of 1.01. The company has a 50-day moving average of $72.04 and a 200 day moving average of $75.58.
Bunge Limited (NYSE:BG) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The business had revenue of $11.65 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that Bunge Limited will post $3.58 EPS for the current 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 2.71%. The ex-dividend date is Friday, November 17th. Bunge Limited’s payout ratio is presently 53.64%.
In other news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction dated 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 directly owns 20,214 shares of the company’s stock, valued at $1,617,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC raised its position in shares of Bunge Limited by 21.4% in the second quarter. Lord Abbett & CO. LLC now owns 379,957 shares of the basic materials company’s stock valued at $28,345,000 after purchasing an additional 66,900 shares during the period. Toronto Dominion Bank raised its position in shares of Bunge Limited by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 188 shares during the period. Advisory Services Network LLC raised its position in shares of Bunge Limited by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 1,946 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of Bunge Limited by 31.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 9,981 shares of the basic materials company’s stock valued at $745,000 after purchasing an additional 2,370 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Bunge Limited in the second quarter valued at about $603,000. 80.34% of the stock is currently owned by institutional investors.
About Bunge Limited
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.
Receive News & Stock Ratings for Bunge Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Limited and related stocks with our FREE daily email newsletter.