Bunge Limited (NYSE:BG) shares traded up 3.1% during trading on Monday . The stock traded as high as $74.04 and last traded at $70.27. 861,215 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 1,020,670 shares. The stock had previously closed at $72.49.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Bunge Limited from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. TheStreet downgraded Bunge Limited from a “b-” rating to a “c+” rating in a research note on Tuesday, October 10th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $84.00 target price on shares of Bunge Limited in a research note on Friday, July 21st. Citigroup Inc. downgraded Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Thursday, September 28th. Finally, BidaskClub raised Bunge Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.86.
The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 20.23 and a beta of 1.01. The firm has a 50-day moving average price of $71.85 and a 200-day moving average price of $75.45.
Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $11.65 billion during the quarter, compared to analyst estimates of $10.88 billion. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, equities analysts predict that Bunge Limited will post $3.49 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.60%. Bunge Limited’s dividend payout ratio is presently 53.64%.
In other news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was 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 of the company’s stock, valued at $1,617,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Aviance Capital Management LLC purchased a new position in Bunge Limited in the second quarter valued at about $101,000. Creative Planning boosted its holdings 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 purchasing an additional 822 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Bunge Limited by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 188 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in Bunge Limited in the first quarter valued at about $160,000. Finally, Advisory Services Network LLC boosted its holdings in Bunge Limited by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 1,946 shares during the last quarter. 80.34% of the stock is owned by institutional investors.
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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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