Bunge (BG) Reaches New 1-Year Low at $56.14

Shares of Bunge Ltd (NYSE:BG) hit a new 52-week low on Thursday . The company traded as low as $56.14 and last traded at $58.17, with a volume of 77774 shares traded. The stock had previously closed at $58.04.

BG has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Bunge from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 2nd. ValuEngine cut shares of Bunge from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. BMO Capital Markets lowered their price objective on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Finally, Citigroup lowered their price objective on shares of Bunge from $92.00 to $82.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Bunge presently has a consensus rating of “Hold” and an average target price of $78.40.

The stock has a market capitalization of $8.25 billion, a PE ratio of 30.65 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85.

Bunge (NYSE:BG) last released its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.13. Bunge had a net margin of 0.59% and a return on equity of 7.84%. The business had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $11.95 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that Bunge Ltd will post 4.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Tuesday, February 19th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.36%. Bunge’s dividend payout ratio (DPR) is currently 103.09%.

In other Bunge news, CFO Thomas Boehlert purchased 3,200 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was purchased at an average cost of $62.68 per share, for a total transaction of $200,576.00. Following the transaction, the chief financial officer now owns 3,200 shares in the company, valued at approximately $200,576. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director L Patrick Lupo purchased 3,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $62.71 per share, with a total value of $188,130.00. Following the completion of the transaction, the director now owns 46,024 shares in the company, valued at approximately $2,886,165.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 333,200 shares of company stock valued at $20,357,881. Corporate insiders own 1.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BG. Cutler Capital Management LLC acquired a new stake in shares of Bunge during the third quarter worth $206,000. Veritable L.P. acquired a new stake in shares of Bunge during the third quarter worth $206,000. Truvestments Capital LLC acquired a new stake in shares of Bunge during the second quarter worth $209,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of Bunge during the third quarter worth $220,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in shares of Bunge during the second quarter worth $226,000. Hedge funds and other institutional investors own 79.66% of the company’s stock.

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Bunge Company Profile (NYSE:BG)

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grain, such as wheat and corn; and vegetable oils and protein meals.

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