Insider Selling: Bunge Director Unloads 3,420 Shares of Stock (BG)
Bunge (NYSE:BG) Director La Tour Dauvergne Lauraguai De sold 3,420 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $76.90, for a total transaction of $262,998.00. Following the completion of the sale, the director now directly owns 344,331 shares of the company’s stock, valued at approximately $26,479,054. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on BG. Analysts at TheStreet downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Bunge in a research note on Tuesday, April 22nd. They now have a $87.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $85.14.
Shares of Bunge (NYSE:BG) traded down 0.71% during mid-day trading on Wednesday, hitting $76.46. 793,205 shares of the company’s stock traded hands. Bunge has a one year low of $68.18 and a one year high of $84.18. The stock has a 50-day moving average of $78.51 and a 200-day moving average of $79.40. The company has a market cap of $11.256 billion and a P/E ratio of 343.79.
Bunge (NYSE:BG) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.42 by $1.54. The company had revenue of $13.46 billion for the quarter, compared to the consensus estimate of $15.13 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was down 9.0% on a year-over-year basis. On average, analysts predict that Bunge will post $6.08 earnings per share for the current fiscal year.
Bunge Limited is a holding company, and its operations are conducted through its subsidiaries. The Company is a global agribusiness and food company with integrated operations that stretch from the farm fields to consumer foods.
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