Bunge (BG) Sets New 52-Week Low at $56.14

Bunge Ltd (NYSE:BG) shares reached 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 changing hands. The stock had previously closed at $58.04.

A number of research analysts have weighed in on BG shares. Citigroup dropped their price objective on shares of Bunge from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Zacks Investment Research raised shares of Bunge from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, October 15th. ValuEngine raised shares of Bunge from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, BMO Capital Markets dropped their price objective on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Bunge currently has an average rating of “Hold” and an average price target of $78.40.

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

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

The company also recently announced a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Tuesday, February 19th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.36%. Bunge’s dividend payout ratio is currently 103.09%.

In other news, CFO Thomas Boehlert bought 3,200 shares of the stock in a transaction dated Monday, November 5th. The stock was bought at an average price of $62.68 per share, for a total transaction of $200,576.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,200 shares in the company, valued at approximately $200,576. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director L Patrick Lupo bought 3,000 shares of the stock in a transaction dated Monday, November 5th. The stock was purchased at an average price of $62.71 per share, with a total value of $188,130.00. Following the acquisition, the director now owns 46,024 shares of the company’s stock, valued at $2,886,165.04. The disclosure for this purchase can be found here. In the last quarter, insiders bought 333,200 shares of company stock valued at $20,357,881. 1.25% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in BG. Principal Financial Group Inc. raised its holdings in shares of Bunge by 11.0% in the first quarter. Principal Financial Group Inc. now owns 95,294 shares of the basic materials company’s stock valued at $7,046,000 after purchasing an additional 9,447 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Bunge by 17.1% in the second quarter. Aperio Group LLC now owns 62,973 shares of the basic materials company’s stock valued at $4,390,000 after purchasing an additional 9,207 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Bunge in the second quarter valued at about $896,000. Aviva PLC raised its holdings in shares of Bunge by 25.7% in the second quarter. Aviva PLC now owns 89,513 shares of the basic materials company’s stock valued at $6,239,000 after purchasing an additional 18,300 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Bunge by 67.8% in the second quarter. Wells Fargo & Company MN now owns 1,243,966 shares of the basic materials company’s stock valued at $86,718,000 after purchasing an additional 502,598 shares during the last quarter. 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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