Bunge Ltd (BG) CEO Soren Schroder Acquires 500 Shares

Bunge Ltd (NYSE:BG) CEO Soren Schroder bought 500 shares of the stock in a transaction that occurred on Monday, November 5th. The shares were purchased at an average price of $62.72 per share, with a total value of $31,360.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Soren Schroder also recently made the following trade(s):

  • On Wednesday, November 7th, Soren Schroder bought 1,500 shares of Bunge stock. The shares were purchased at an average price of $63.11 per share, with a total value of $94,665.00.

Shares of BG opened at $63.27 on Friday. Bunge Ltd has a 1-year low of $61.26 and a 1-year high of $83.20. The firm has a market capitalization of $8.83 billion, a P/E ratio of 32.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.58 and a quick ratio of 0.71.

Bunge (NYSE:BG) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $11.95 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Bunge’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that Bunge Ltd will post 4.91 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Alpine Associates Management Inc. purchased a new stake in Bunge in the third quarter valued at $15,763,000. CIBC World Markets Inc. lifted its position in Bunge by 19.1% in the third quarter. CIBC World Markets Inc. now owns 7,815 shares of the basic materials company’s stock valued at $537,000 after acquiring an additional 1,255 shares during the last quarter. Sarasin & Partners LLP lifted its position in Bunge by 8.1% in the third quarter. Sarasin & Partners LLP now owns 40,000 shares of the basic materials company’s stock valued at $2,748,000 after acquiring an additional 3,000 shares during the last quarter. Ffcm LLC raised its holdings in shares of Bunge by 696.1% in the third quarter. Ffcm LLC now owns 4,442 shares of the basic materials company’s stock valued at $305,000 after buying an additional 3,884 shares during the last quarter. Finally, Blue Sky Asset Management LLC raised its holdings in shares of Bunge by 18.6% in the third quarter. Blue Sky Asset Management LLC now owns 12,502 shares of the basic materials company’s stock valued at $859,000 after buying an additional 1,962 shares during the last quarter. 80.66% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on BG shares. Citigroup lowered their target price on shares of Bunge from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of Bunge from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Tuesday, July 24th. ValuEngine raised shares of Bunge from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. JPMorgan Chase & Co. cut shares of Bunge from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $82.00 to $75.00 in a research report on Thursday, August 2nd. Finally, BMO Capital Markets reduced their price target on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Bunge presently has a consensus rating of “Buy” and a consensus price target of $78.40.

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About Bunge

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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