Somewhat Favorable Media Coverage Very Unlikely to Affect Bunge Limited (BG) Share Price
Media coverage about Bunge Limited (NYSE:BG) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bunge Limited earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 11 out of 100, indicating that recent press coverage is very unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- The Bottom Line on Bunge Limited (NYSE:BG), Regency Centers Corporation (NYSE:REG) – AllStockNews (allstocknews.com)
- U.S. grain handler Lansing buys Interstate as consolidation continues (BG, ANDE) (markets.businessinsider.com)
- Critical Levels To Breach: Fortive Corporation (FTV), Bunge Limited (BG) – AllStockNews (allstocknews.com)
- Hermes Investment Management LTD Cut Holding in Bunge Limited (BG) by $648576 as Stock Declined; First Midwest … – BZ Weekly (bzweekly.com)
- Bunge Limited (BG) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
Shares of Bunge Limited (NYSE:BG) traded down 0.51% during mid-day trading on Thursday, hitting $75.34. The company had a trading volume of 146,892 shares. The firm’s 50 day moving average is $75.50 and its 200-day moving average is $75.05. Bunge Limited has a 12-month low of $56.69 and a 12-month high of $83.75. The firm has a market cap of $10.58 billion, a PE ratio of 19.99 and a beta of 1.01.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by $0.33. The company had revenue of $11.12 billion for the quarter, compared to analyst estimates of $8.96 billion. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, equities analysts expect that Bunge Limited will post $5.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.43%. This is an increase from Bunge Limited’s previous quarterly dividend of $0.42. The ex-dividend date is Friday, August 18th. Bunge Limited’s payout ratio is presently 45.41%.
BG has been the topic of a number of research analyst reports. Credit Suisse Group set a $85.00 target price on Bunge Limited and gave the stock a “buy” rating in a report on Monday, February 27th. BMO Capital Markets reaffirmed a “buy” rating on shares of Bunge Limited in a report on Friday, May 5th. Goldman Sachs Group, Inc. (The) downgraded Bunge Limited from a “buy” rating to a “neutral” rating and set a $88.00 target price on the stock. in a report on Monday, March 20th. J P Morgan Chase & Co raised Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 target price on the stock in a report on Thursday, May 4th. Finally, Zacks Investment Research downgraded Bunge Limited from a “hold” rating to a “strong sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $79.71.
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In other news, CEO Soren Schroder sold 12,532 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $80.01, for a total value of $1,002,685.32. Following the transaction, the chief executive officer now directly owns 69,140 shares of the company’s stock, valued at approximately $5,531,891.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Kabbes sold 593 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $79.95, for a total value of $47,410.35. Following the completion of the transaction, the insider now directly owns 5,507 shares in the company, valued at $440,284.65. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
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.
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