Robert W. Baird initiated coverage on shares of Bunge Limited (NYSE:BG) in a report issued on Monday, September 11th, Marketbeat.com reports. The brokerage issued a neutral rating and a $77.00 price objective on the basic materials company’s stock.
Other equities analysts have also issued reports about the company. Credit Suisse Group set a $90.00 target price on Bunge Limited and gave the company a buy rating in a research note on Tuesday, July 18th. Piper Jaffray Companies set a $79.00 price target on Bunge Limited and gave the stock a buy rating in a research note on Friday, July 14th. Citigroup Inc. dropped their price target on Bunge Limited from $94.00 to $88.00 and set a buy rating for the company in a research note on Wednesday, July 12th. BMO Capital Markets set a $87.00 price target on Bunge Limited and gave the stock a buy rating in a research note on Monday, June 12th. Finally, BidaskClub upgraded Bunge Limited from a sell rating to a hold rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Bunge Limited currently has an average rating of Hold and an average price target of $83.71.
Shares of Bunge Limited (BG) traded up 0.46% during mid-day trading on Monday, reaching $71.71. 43,123 shares of the company traded hands. Bunge Limited has a 52 week low of $58.19 and a 52 week high of $83.75. The firm has a 50 day moving average of $75.41 and a 200-day moving average of $76.87. The stock has a market capitalization of $10.08 billion, a PE ratio of 20.50 and a beta of 1.04.
Bunge Limited (NYSE:BG) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The firm 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 business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that Bunge Limited will post $3.92 EPS for the current fiscal year.
The firm also recently declared 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. This represents a $1.84 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Friday, November 17th. Bunge Limited’s dividend payout ratio is currently 53.64%.
In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the 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 transaction, 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 at the SEC website. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in BG. CGOV Asset Management raised its position in shares of Bunge Limited by 11.7% during the 1st quarter. CGOV Asset Management now owns 18,650 shares of the basic materials company’s stock worth $1,969,000 after purchasing an additional 1,950 shares during the period. Shell Asset Management Co. increased its position in Bunge Limited by 6.7% in the 1st quarter. Shell Asset Management Co. now owns 8,265 shares of the basic materials company’s stock valued at $655,000 after acquiring an additional 517 shares during the period. Wells Fargo & Company MN increased its position in Bunge Limited by 42.5% in the 1st quarter. Wells Fargo & Company MN now owns 417,936 shares of the basic materials company’s stock valued at $33,127,000 after acquiring an additional 124,661 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in Bunge Limited by 10.8% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,907 shares of the basic materials company’s stock valued at $468,000 after acquiring an additional 578 shares during the period. Finally, Advisors Asset Management Inc. increased its position in Bunge Limited by 88.6% in the 1st quarter. Advisors Asset Management Inc. now owns 24,885 shares of the basic materials company’s stock valued at $1,972,000 after acquiring an additional 11,688 shares during the period. Institutional investors and hedge funds own 80.34% of the company’s stock.
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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