Bunge Limited (NYSE:BG) Insider Jerry Matthews Simmons, Jr. Sells 2,636 Shares
Bunge Limited (NYSE:BG) insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the business’s 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 completion of the sale, the insider now owns 20,214 shares of the company’s stock, valued at $1,617,120. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Bunge Limited (BG) traded down 1.09% on Wednesday, reaching $79.71. 610,661 shares of the company’s stock were exchanged. Bunge Limited has a one year low of $58.19 and a one year high of $83.75. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 21.15 and a beta of 1.01. The company’s 50 day moving average is $77.32 and its 200-day moving average is $75.82.
Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by $0.33. The firm had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $8.96 billion. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 EPS. On average, analysts anticipate that Bunge Limited will post $4.34 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 2.28%. This is a positive change from Bunge Limited’s previous quarterly dividend of $0.42. Bunge Limited’s dividend payout ratio (DPR) is currently 45.41%.
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Institutional investors have recently made changes to their positions in the stock. Probity Advisors Inc. raised its position in Bunge Limited by 0.5% in the first quarter. Probity Advisors Inc. now owns 21,757 shares of the basic materials company’s stock valued at $1,724,000 after buying an additional 103 shares during the period. Great Lakes Advisors LLC raised its position in Bunge Limited by 1.8% in the first quarter. Great Lakes Advisors LLC now owns 6,934 shares of the basic materials company’s stock valued at $550,000 after buying an additional 120 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Bunge Limited by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,719 shares of the basic materials company’s stock valued at $276,000 after buying an additional 155 shares during the period. Atria Investments LLC raised its position in Bunge Limited by 6.3% in the first quarter. Atria Investments LLC now owns 3,428 shares of the basic materials company’s stock valued at $272,000 after buying an additional 202 shares during the period. Finally, World Asset Management Inc raised its position in Bunge Limited by 2.5% in the first quarter. World Asset Management Inc now owns 8,764 shares of the basic materials company’s stock valued at $695,000 after buying an additional 211 shares during the period. Hedge funds and other institutional investors own 81.83% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $84.00 price objective on shares of Bunge Limited in a report on Friday, July 21st. Zacks Investment Research raised shares of Bunge Limited from a “sell” rating to a “hold” rating in a research note on Tuesday. J P Morgan Chase & Co downgraded shares of Bunge Limited to a “neutral – underweight” rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 4th. Citigroup Inc. decreased their target price on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, July 12th. Finally, BidaskClub raised shares of Bunge Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $84.50.
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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