Bunge Ltd (NYSE:BG) Director Grain Co Continental acquired 155,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were bought at an average price of $63.53 per share, for a total transaction of $9,847,150.00. Following the completion of the purchase, the director now owns 3,319,038 shares in the company, valued at approximately $210,858,484.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE BG traded up $0.79 during trading on Friday, reaching $63.27. The company’s stock had a trading volume of 957,689 shares, compared to its average volume of 1,703,705. The firm has a market capitalization of $8.83 billion, a P/E ratio of 32.61 and a beta of 1.12. The company has a quick ratio of 0.71, a current ratio of 1.58 and a debt-to-equity ratio of 0.85. Bunge Ltd has a one year low of $61.26 and a one year high of $83.20.

Bunge (NYSE:BG) last announced its earnings results on Wednesday, October 31st. The basic materials company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.13. The business had revenue of $11.41 billion for the quarter, compared to analyst estimates of $11.95 billion. Bunge had a return on equity of 7.84% and a net margin of 0.59%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. As a group, research analysts anticipate that Bunge Ltd will post 4.91 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in BG. Principal Financial Group Inc. boosted its stake in Bunge by 11.0% during the 1st quarter. Principal Financial Group Inc. now owns 95,294 shares of the basic materials company’s stock valued at $7,046,000 after acquiring an additional 9,447 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Bunge by 39.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 6,645 shares of the basic materials company’s stock valued at $463,000 after acquiring an additional 1,874 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Bunge by 19.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 32,296 shares of the basic materials company’s stock valued at $2,251,000 after acquiring an additional 5,170 shares during the last quarter. Gateway Investment Advisers LLC bought a new position in Bunge during the 2nd quarter valued at $6,146,000. Finally, Bank of Montreal Can bought a new position in Bunge during the 2nd quarter valued at $7,599,000. Institutional investors and hedge funds own 80.66% of the company’s stock.

BG has been the topic of a number of analyst reports. Zacks Investment Research upgraded Bunge from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Tuesday, July 24th. Credit Suisse Group decreased their price objective on Bunge from $80.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, August 2nd. ValuEngine upgraded Bunge from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Citigroup decreased their price objective on Bunge from $100.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, August 2nd. Finally, BMO Capital Markets decreased their price objective on Bunge from $87.00 to $83.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $78.40.

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About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grain, such as wheat and corn; and vegetable oils and protein meals.

See Also: Cash Flow

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