Bunge (NYSE:BG) Lowered to “Hold” at StockNews.com

Bunge (NYSE:BGGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities analysts also recently commented on BG. JPMorgan Chase & Co. started coverage on shares of Bunge in a report on Wednesday, January 12th. They issued a “hold” rating and a $94.00 price objective on the stock. Credit Suisse Group upped their price objective on shares of Bunge from $120.00 to $140.00 in a report on Thursday, April 28th. Bank of America downgraded shares of Bunge from a “buy” rating to a “neutral” rating and upped their price objective for the company from $120.00 to $134.00 in a report on Tuesday, April 19th. Zacks Investment Research raised shares of Bunge from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research report on Wednesday, April 20th. Finally, Morgan Stanley reduced their target price on shares of Bunge from $98.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, January 13th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $115.56.

NYSE BG opened at $107.96 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.46. Bunge has a 12-month low of $71.73 and a 12-month high of $128.40. The company has a market capitalization of $16.38 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.37 and a beta of 0.49. The firm’s 50 day moving average is $113.69 and its 200-day moving average is $101.13.

Bunge (NYSE:BGGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The basic materials company reported $4.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $1.32. The company had revenue of $15.88 billion for the quarter, compared to the consensus estimate of $14.63 billion. Bunge had a net margin of 3.07% and a return on equity of 28.87%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same period last year, the company earned $3.13 earnings per share. As a group, sell-side analysts expect that Bunge will post 12.6 EPS for the current year.

In other Bunge news, insider Jerry Matthews Simmons, Jr. sold 44,666 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $114.98, for a total transaction of $5,135,696.68. Following the transaction, the insider now directly owns 33,654 shares in the company, valued at approximately $3,869,536.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Julio Garros sold 1,050 shares of the stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $100.45, for a total value of $105,472.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,211,716 shares of company stock valued at $126,841,509 in the last three months. Insiders own 2.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Bunge by 19.6% during the second quarter. Morgan Stanley now owns 1,161,433 shares of the basic materials company’s stock valued at $90,768,000 after buying an additional 190,022 shares during the period. TD Asset Management Inc. increased its position in Bunge by 3.3% during the third quarter. TD Asset Management Inc. now owns 96,924 shares of the basic materials company’s stock valued at $7,882,000 after acquiring an additional 3,100 shares during the last quarter. Principal Financial Group Inc. increased its position in Bunge by 9.5% in the third quarter. Principal Financial Group Inc. now owns 100,262 shares of the basic materials company’s stock worth $8,153,000 after buying an additional 8,683 shares in the last quarter. Jennison Associates LLC increased its position in Bunge by 0.5% in the third quarter. Jennison Associates LLC now owns 130,724 shares of the basic materials company’s stock worth $10,630,000 after buying an additional 599 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Bunge by 13.2% in the third quarter. CIBC Asset Management Inc now owns 6,061 shares of the basic materials company’s stock worth $493,000 after buying an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 86.11% of the company’s stock.

About Bunge (Get Rating)

Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. 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 grains primarily wheat and corn; and processes oilseeds into vegetable oils and protein meals.

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