Bunge Ltd (NYSE:BG) shares were up 6.9% during mid-day trading on Tuesday . The company traded as high as $35.61 and last traded at $35.00, approximately 1,834,400 shares changed hands during mid-day trading. An increase of 37% from the average daily volume of 1,341,835 shares. The stock had previously closed at $32.74.
A number of analysts have issued reports on BG shares. ValuEngine downgraded Bunge from a “hold” rating to a “sell” rating in a research note on Tuesday, March 3rd. Zacks Investment Research raised Bunge from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Wednesday, January 15th. Finally, Goldman Sachs Group raised Bunge from a “buy” rating to a “conviction-buy” rating and set a $69.00 target price for the company in a research note on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Bunge has an average rating of “Buy” and a consensus target price of $68.50.
The firm has a market capitalization of $4.64 billion, a PE ratio of -3.91 and a beta of 0.99. The company has a current ratio of 1.55, a quick ratio of 0.79 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average price of $46.37 and a two-hundred day moving average price of $53.20.
Bunge (NYSE:BG) last released its quarterly earnings results on Wednesday, February 12th. The basic materials company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $1.05. The business had revenue of $10.78 billion during the quarter, compared to analysts’ expectations of $11.34 billion. Bunge had a positive return on equity of 12.87% and a negative net margin of 3.13%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. On average, equities analysts forecast that Bunge Ltd will post 3.76 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, May 15th. Bunge’s dividend payout ratio is presently 43.67%.
In other news, CEO Gregory A. Heckman bought 37,180 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average cost of $52.52 per share, for a total transaction of $1,952,693.60. Following the acquisition, the chief executive officer now directly owns 128,537 shares of the company’s stock, valued at approximately $6,750,763.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John W. Neppl bought 5,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $36.55 per share, with a total value of $182,750.00. Following the completion of the acquisition, the chief financial officer now directly owns 37,910 shares in the company, valued at $1,385,610.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 92,793 shares of company stock valued at $4,588,989. Company insiders own 3.18% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Man Group plc purchased a new position in shares of Bunge in the 3rd quarter valued at about $24,987,000. Bank of Montreal Can boosted its stake in shares of Bunge by 10.5% in the 4th quarter. Bank of Montreal Can now owns 204,959 shares of the basic materials company’s stock valued at $11,796,000 after buying an additional 19,523 shares during the period. Andra AP fonden boosted its stake in shares of Bunge by 18.7% in the 3rd quarter. Andra AP fonden now owns 110,500 shares of the basic materials company’s stock valued at $6,257,000 after buying an additional 17,400 shares during the period. Cadence Capital Management LLC boosted its stake in shares of Bunge by 48.8% in the 4th quarter. Cadence Capital Management LLC now owns 23,892 shares of the basic materials company’s stock valued at $1,375,000 after buying an additional 7,837 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Bunge by 1.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 633,553 shares of the basic materials company’s stock valued at $35,872,000 after buying an additional 7,631 shares during the period. Institutional investors own 80.45% of the company’s stock.
Bunge Company Profile (NYSE:BG)
Bunge Limited operates as an agribusiness and food company worldwide. It operates in 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 grains primarily wheat and corn; and vegetable oils and protein meals.
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