StockNews.com Begins Coverage on Bunge (NYSE:BG)

StockNews.com started coverage on shares of Bunge (NYSE:BG – Get Rating) in a report published on Thursday morning. The firm issued a buy rating on the basic materials company’s stock.

Several other equities analysts also recently commented on the stock. UBS Group began coverage on shares of Bunge in a report on Tuesday, December 13th. They issued a buy rating and a $133.00 target price on the stock. Robert W. Baird downgraded shares of Bunge from an outperform rating to a neutral rating and dropped their price objective for the company from $127.00 to $115.00 in a report on Thursday, February 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Bunge presently has a consensus rating of Moderate Buy and a consensus price target of $125.13.

Bunge Stock Down 4.8 %

Shares of BG stock opened at $92.11 on Thursday. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 8.76 and a beta of 0.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 0.87. The company’s fifty day moving average price is $97.75 and its 200-day moving average price is $95.92. Bunge has a one year low of $80.41 and a one year high of $128.40.

Bunge (NYSE:BG – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $3.24 EPS for the quarter, beating the consensus estimate of $3.19 by $0.05. Bunge had a return on equity of 22.89% and a net margin of 2.39%. The business had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $18.20 billion. During the same period in the previous year, the business earned $3.49 earnings per share. The business’s revenue was down .1% on a year-over-year basis. Sell-side analysts expect that Bunge will post 11.83 EPS for the current fiscal year.

Bunge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $2.50 annualized dividend and a yield of 2.71%. Bunge’s payout ratio is currently 23.76%.

Institutional Trading of Bunge

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Accurate Wealth Management LLC bought a new position in shares of Bunge during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. grew its position in Bunge by 200.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 282 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 188 shares during the last quarter. TCI Wealth Advisors Inc. increased its stake in Bunge by 96.9% in the third quarter. TCI Wealth Advisors Inc. now owns 382 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 188 shares during the period. Riverview Trust Co increased its stake in Bunge by 73.3% in the fourth quarter. Riverview Trust Co now owns 338 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 143 shares during the period. Finally, Pinnacle Holdings LLC purchased a new stake in shares of Bunge during the first quarter valued at $36,000. Hedge funds and other institutional investors own 82.62% of the company’s stock.

Bunge Company Profile

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Bunge Ltd. operates as a holding company. engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment is involved in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products.