Bunge Limited (BG) Receives Average Recommendation of “Hold” from Brokerages
Shares of Bunge Limited (NYSE:BG) have received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $81.86.
BG has been the subject of a number of research reports. Zacks Investment Research cut shares of Bunge from a “hold” rating to a “strong sell” rating in a research note on Friday, October 20th. Vertical Group upgraded shares of Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Credit Suisse Group reissued a “buy” rating and issued a $90.00 target price on shares of Bunge in a report on Friday, September 15th. Robert W. Baird reaffirmed a “hold” rating and set a $77.00 price target on shares of Bunge in a report on Friday, October 13th. Finally, Piper Jaffray Companies set a $86.00 price target on shares of Bunge and gave the company a “buy” rating in a report on Friday, October 6th.
Hedge funds have recently made changes to their positions in the business. Bank of Hawaii grew its stake in shares of Bunge by 1.0% in the 2nd quarter. Bank of Hawaii now owns 13,189 shares of the basic materials company’s stock worth $984,000 after acquiring an additional 129 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Bunge by 3.8% in the 2nd quarter. Suntrust Banks Inc. now owns 4,537 shares of the basic materials company’s stock worth $337,000 after acquiring an additional 166 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Bunge by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 188 shares in the last quarter. Greenwood Gearhart Inc. grew its stake in shares of Bunge by 0.8% in the 2nd quarter. Greenwood Gearhart Inc. now owns 48,173 shares of the basic materials company’s stock worth $3,594,000 after acquiring an additional 390 shares in the last quarter. Finally, Kalos Management Inc. grew its stake in shares of Bunge by 9.1% in the 2nd quarter. Kalos Management Inc. now owns 5,829 shares of the basic materials company’s stock worth $434,000 after acquiring an additional 488 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.
Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). Bunge had a return on equity of 6.68% and a net margin of 1.06%. The company had revenue of $11.42 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the prior year, the company earned $0.73 EPS. The firm’s revenue was up .0% on a year-over-year basis. equities analysts predict that Bunge will post 2.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.63%. Bunge’s payout ratio is presently 56.27%.
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Bunge 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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