Bunge Ltd (NYSE:BG) shares fell 0% during mid-day trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $74.00 and last traded at $75.06. 5,573,083 shares were traded during mid-day trading, an increase of 160% from the average session volume of 2,143,527 shares. The stock had previously closed at $75.06.

The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.81). The company had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.70 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.45%. Bunge’s dividend payout ratio is presently 56.27%.

A number of research firms recently commented on BG. Zacks Investment Research upgraded Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Credit Suisse Group set a $84.00 price objective on Bunge and gave the company a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets reiterated a “buy” rating and issued a $87.00 price objective on shares of Bunge in a report on Monday, November 6th. Finally, Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $81.00.

Institutional investors have recently made changes to their positions in the business. Advisor Group Inc. increased its holdings in shares of Bunge by 127.8% in the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 841 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Bunge in the fourth quarter worth about $101,000. Toronto Dominion Bank increased its holdings in shares of Bunge by 12.3% in the second 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. Cerebellum GP LLC bought a new stake in shares of Bunge in the fourth quarter worth about $129,000. Finally, Advisory Services Network LLC increased its holdings in shares of Bunge by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 1,946 shares in the last quarter. Institutional investors own 77.29% of the company’s stock.

The stock has a market cap of $10,710.00, a price-to-earnings ratio of 22.95, a PEG ratio of 1.49 and a beta of 1.13. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60.

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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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