Bunge Limited (NYSE:BG) Receives Consensus Rating of “Hold” from Analysts
Bunge Limited (NYSE:BG) has received a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $84.83.
A number of analysts have recently issued reports on the stock. Credit Suisse Group raised their price target on shares of Bunge Limited from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, June 9th. BidaskClub downgraded shares of Bunge Limited from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. BMO Capital Markets set a $87.00 price target on shares of Bunge Limited and gave the stock a “buy” rating in a report on Monday, June 12th. Citigroup Inc. cut their price target on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded shares of Bunge Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th.
Shares of Bunge Limited (NYSE:BG) traded down 0.64% during midday trading on Friday, reaching $77.46. The company’s stock had a trading volume of 313,989 shares. Bunge Limited has a 52 week low of $58.19 and a 52 week high of $83.75. The stock has a market capitalization of $10.89 billion, a PE ratio of 22.14 and a beta of 1.02. The company has a 50 day moving average price of $77.22 and a 200-day moving average price of $76.50.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $11.65 billion during the quarter, compared to the consensus estimate of $10.88 billion. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. Bunge Limited’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. On average, equities research analysts expect that Bunge Limited will post $3.94 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.36%. Bunge Limited’s dividend payout ratio (DPR) is presently 48.98%.
In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of Bunge Limited stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the sale, the insider now owns 20,214 shares in the company, valued at approximately $1,617,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. MUFG Americas Holdings Corp increased its stake in Bunge Limited by 115.7% in the first quarter. MUFG Americas Holdings Corp now owns 1,361 shares of the basic materials company’s stock valued at $108,000 after buying an additional 730 shares during the period. Toronto Dominion Bank increased its stake in Bunge Limited by 26.3% in the first quarter. Toronto Dominion Bank now owns 1,526 shares of the basic materials company’s stock valued at $121,000 after buying an additional 318 shares during the period. Creative Planning increased its stake in Bunge Limited by 99.0% in the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after buying an additional 822 shares during the period. Point72 Asia Hong Kong Ltd bought a new stake in Bunge Limited during the first quarter valued at $160,000. Finally, Wetherby Asset Management Inc. bought a new stake in Bunge Limited during the first quarter valued at $212,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.
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Bunge Limited Company Profile
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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