Bunge Limited (NYSE:BG – Get Rating) was the target of some unusual options trading on Tuesday. Investors purchased 6,608 call options on the stock. This is an increase of approximately 282% compared to the typical volume of 1,729 call options.
Bunge Stock Up 14.5 %
Shares of NYSE BG opened at $104.62 on Wednesday. Bunge has a one year low of $80.41 and a one year high of $128.40. 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 business’s fifty day moving average price is $97.56 and its 200-day moving average price is $95.98. The stock has a market capitalization of $15.69 billion, a PE ratio of 9.99 and a beta of 0.66.
Bunge (NYSE:BG – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The basic materials company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.05. The firm had revenue of $16.66 billion for the quarter, compared to analysts’ expectations of $18.20 billion. Bunge had a return on equity of 22.89% and a net margin of 2.39%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.49 EPS. On average, equities research analysts anticipate that Bunge will post 11.83 EPS for the current year.
Bunge Announces Dividend
Institutional Trading of Bunge
Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its stake in Bunge by 12.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,858 shares of the basic materials company’s stock worth $1,979,000 after acquiring an additional 1,994 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Bunge during the 1st quarter valued at about $494,000. Yousif Capital Management LLC increased its position in shares of Bunge by 6.5% during the 1st quarter. Yousif Capital Management LLC now owns 8,767 shares of the basic materials company’s stock valued at $971,000 after purchasing an additional 535 shares during the last quarter. Prudential PLC bought a new position in shares of Bunge during the 1st quarter valued at about $530,000. Finally, Vanguard Group Inc. increased its position in shares of Bunge by 5.2% during the 1st quarter. Vanguard Group Inc. now owns 14,105,841 shares of the basic materials company’s stock valued at $1,563,069,000 after purchasing an additional 696,806 shares during the last quarter. Hedge funds and other institutional investors own 82.62% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on BG. StockNews.com raised Bunge from a “hold” rating to a “buy” rating in a report on Monday, February 27th. Robert W. Baird downgraded Bunge from an “outperform” rating to a “neutral” rating and cut their price target for the company from $127.00 to $115.00 in a report on Thursday, February 9th. Finally, UBS Group initiated coverage on Bunge in a research report on Tuesday, December 13th. They set a “buy” rating and a $133.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.13.
Bunge Company Profile
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.
- Get a free copy of the StockNews.com research report on Bunge (BG)
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