Bunge Ltd (NYSE:BG) insider Brian Zachman acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average cost of $51.28 per share, for a total transaction of $512,800.00. Following the completion of the purchase, the insider now owns 24,611 shares of the company’s stock, valued at $1,262,052.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Bunge stock traded down $0.67 during midday trading on Wednesday, reaching $51.31. The company had a trading volume of 32,398 shares, compared to its average volume of 1,691,292. The firm has a market cap of $7.39 billion, a P/E ratio of 18.90 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.40 and a quick ratio of 0.66. Bunge Ltd has a fifty-two week low of $47.26 and a fifty-two week high of $73.13.

Bunge (NYSE:BG) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.33. The business had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $10.67 billion. Bunge had a return on equity of 7.81% and a net margin of 0.74%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. Equities analysts anticipate that Bunge Ltd will post 2.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.50 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.90%. Bunge’s payout ratio is currently 73.53%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Bunge during the fourth quarter worth $27,000. Kore Private Wealth LLC bought a new stake in Bunge during the first quarter worth $53,000. First Mercantile Trust Co. grew its holdings in Bunge by 44.6% during the fourth quarter. First Mercantile Trust Co. now owns 1,200 shares of the basic materials company’s stock worth $64,000 after buying an additional 370 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Bunge by 7,122.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,805,409 shares of the basic materials company’s stock worth $71,000 after buying an additional 3,752,723 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in Bunge by 41.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,920 shares of the basic materials company’s stock worth $206,000 after buying an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 82.60% of the company’s stock.

BG has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Bunge from $84.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, February 25th. ValuEngine raised Bunge from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised Bunge from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. initiated coverage on Bunge in a research note on Thursday, March 28th. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, Credit Suisse Group set a $70.00 price objective on Bunge and gave the stock an “outperform” rating in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $73.33.

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Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in 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 grains primarily wheat and corn; and vegetable oils and protein meals.

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Insider Buying and Selling by Quarter for Bunge (NYSE:BG)

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