Traders sold shares of Bunge Limited (NYSE:BG) on strength during trading hours on Friday. $16.99 million flowed into the stock on the tick-up and $42.64 million flowed out of the stock on the tick-down, for a money net flow of $25.65 million out of the stock. Of all stocks tracked, Bunge had the 0th highest net out-flow for the day. Bunge traded up $0.45 for the day and closed at $75.59
Several research analysts have weighed in on BG shares. Citigroup upgraded Bunge from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $77.99 to $89.00 in a research report on Tuesday, March 6th. JPMorgan Chase upgraded Bunge from a “neutral” rating to an “overweight” rating and set a $90.00 price objective on the stock in a research report on Wednesday, March 7th. Zacks Investment Research upgraded Bunge from a “sell” rating to a “hold” rating in a research report on Thursday, March 15th. Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Credit Suisse Group set a $84.00 price objective on Bunge and gave the stock a “buy” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Bunge has an average rating of “Buy” and an average price target of $85.50.
The firm has a market capitalization of $10,572.18, a PE ratio of 38.96 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.67 and a quick ratio of 0.86.
Bunge (NYSE:BG) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.81). The company had revenue of $11.61 billion for the quarter, compared to analyst estimates of $12.57 billion. Bunge had a return on equity of 4.36% and a net margin of 0.35%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.70 earnings per share. equities research analysts anticipate that Bunge Limited will post 3.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, May 18th. Bunge’s dividend payout ratio (DPR) is currently 94.85%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Bunge during the 4th quarter worth $760,000. Levin Capital Strategies L.P. boosted its stake in Bunge by 15.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 11,704 shares of the basic materials company’s stock valued at $785,000 after buying an additional 1,527 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Bunge by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 180,584 shares of the basic materials company’s stock valued at $12,114,000 after buying an additional 11,633 shares in the last quarter. Litespeed Management L.L.C. acquired a new stake in Bunge in the third quarter valued at about $1,639,000. Finally, IFM Investors Pty Ltd acquired a new stake in Bunge in the third quarter valued at about $280,000. 79.35% of the stock is currently owned by institutional investors.
WARNING: “Traders Sell Shares of Bunge (BG) on Strength (BG)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/08/traders-sell-shares-of-bunge-bg-on-strength-bg.html.
Bunge Company Profile
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.
Receive News & Ratings for Bunge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge and related companies with MarketBeat.com's FREE daily email newsletter.