Bunge Limited (BG) Downgraded by Vertical Group
Other analysts also recently issued research reports about the company. Citigroup Inc. lowered their target price on Bunge Limited from $94.00 to $88.00 and set a buy rating on the stock in a research note on Wednesday, July 12th. BidaskClub downgraded Bunge Limited from a hold rating to a sell rating in a research note on Wednesday, June 14th. BMO Capital Markets set a $87.00 target price on Bunge Limited and gave the stock a buy rating in a research note on Monday, June 12th. Credit Suisse Group upped their target price on Bunge Limited from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Friday, June 9th. Finally, Zacks Investment Research upgraded Bunge Limited from a sell rating to a hold rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $83.71.
Bunge Limited (BG) traded down 0.84% on Tuesday, hitting $72.22. The stock had a trading volume of 710,073 shares. The company has a 50 day moving average price of $75.97 and a 200-day moving average price of $77.13. Bunge Limited has a 52-week low of $58.19 and a 52-week high of $83.75. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 20.65 and a beta of 1.04.
Bunge Limited (NYSE:BG) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The firm had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts predict that Bunge Limited will post $3.94 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.53%. Bunge Limited’s dividend payout ratio is currently 53.64%.
In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $80.00, for a total transaction of $210,880.00. Following the transaction, the insider now owns 20,214 shares in the company, valued at $1,617,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. IndexIQ Advisors LLC raised its holdings in shares of Bunge Limited by 0.8% during the second quarter. IndexIQ Advisors LLC now owns 3,242 shares of the basic materials company’s stock valued at $242,000 after acquiring an additional 27 shares during the last quarter. Rothschild Asset Management Inc. raised its holdings in shares of Bunge Limited by 1.3% during the second quarter. Rothschild Asset Management Inc. now owns 6,170 shares of the basic materials company’s stock valued at $460,000 after acquiring an additional 81 shares during the last quarter. Probity Advisors Inc. raised its holdings in shares of Bunge Limited by 0.5% during the first quarter. Probity Advisors Inc. now owns 21,757 shares of the basic materials company’s stock valued at $1,724,000 after acquiring an additional 103 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Bunge Limited by 1.8% during the first quarter. Great Lakes Advisors LLC now owns 6,934 shares of the basic materials company’s stock valued at $550,000 after acquiring an additional 120 shares during the last quarter. Finally, Bank of Hawaii raised its holdings in shares of Bunge Limited by 1.0% during the second quarter. Bank of Hawaii now owns 13,189 shares of the basic materials company’s stock valued at $984,000 after acquiring an additional 129 shares during the last quarter. 80.36% of the stock is owned by institutional investors and hedge funds.
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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