Economy

Bunge Limited (BG) Upgraded to Hold at BidaskClub

Bunge Limited (NYSE:BG) gained 1.13% with the closing price of $79.58. BlackRock Inc. now owns 7,991,765 shares of the basic materials company's stock valued at $633,427,000 after buying an additional 7,502,326 shares during the last quarter. Assenagon Asset Management S.a. now controls 15,000 shares with a value of $1,119,000.

The company also announced that it expects second-quarter 2017 adjusted earnings to be modestly profitable but below the low end of the range of analysts' estimates, primarily driven by challenging global agribusiness market conditions. MUFG Americas Holdings Corp increased its position in shares of Bunge Limited by 115.7% in the first quarter. State Street Corp now owns 4,235,969 shares of the basic materials company's stock valued at $335,753,000 after buying an additional 141,597 shares during the last quarter. Toronto Dominion Bank boosted its position in Bunge Limited by 26.3% in the first quarter. 1,509,548 shares of the company's stock were exchanged. Creative Planning increased its position in shares of Bunge Limited by 99.0% in the second quarter. Analysts expect next quarter's EPS will be $1.73 and the next full year EPS is projected to be $6.02. Parametrica Management Ltd bought a new position in Bunge Limited during the first quarter worth $277,000. Finally, Private Bank & Trust Co. purchased a new position in Bunge Limited during the second quarter worth approximately $210,000.

Bunge Limited (NYSE BG) traded down 0.60% during midday trading on Thursday, hitting $78.22. The company had a trading volume of 904,501 shares. The firm has a 50-day moving average of $77.31 and a 200 day moving average of $75.68.

On 5/24/2017 Bunge Limited announced a quarterly dividend of $0.46 2.29% with an ex dividend date of 8/18/2017 which will be payable on 9/5/2017. The company has market cap of $11.11 billion. Finally, Stephens cut Bunge Limited from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, May 3rd. As of the last earnings report the EPS was $3.77 and is expected to be $4.65 for the current year with 140,395,000 shares now outstanding. The value of the total investment in Bunge Limited went from $8,468,000 to $6,711,000 decreasing 20.7% quarter over quarter. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Bunge Limited's revenue was up 24.7% on a year-over-year basis. On average, equities research analysts forecast that Bunge Limited will post $4.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.31%. Bunge Limited's dividend payout ratio (DPR) is presently 45.41%. If you are reading this article on another site, it was copied illegally and republished in violation of USA and worldwide copyright laws. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/07/20/bunge-limited-bg-raised-to-hold-at-bidaskclub-updated.html. J P Morgan Chase & Co cut shares of Bunge Limited from a "neutral" rating to an "underweight" rating and set a $70.00 target price for the company.in a research report on Thursday, April 6th.

July 12 investment analysts at Citigroup left the stock rating at "Buy" and raised the price target to $88.00 from $80.00.

Bunge Limited (NYSE:BG)'s stock had its "buy" rating reissued by equities research analysts at Piper Jaffray Companies in a research note issued on Friday. On April 29 Citigroup held the stock rating at "Buy" but lowered the price expectation from $93.00 to $80.00. Investors who are keeping close eye on the stock of Bunge Limited (NYSE:BG) established that the company was able to keep return on investment at 5.03 in the trailing twelve month while Reuters data showed that industry's average stands at 12.54 and sector's optimum level is 52.38.

"Unlike consumer staples, there is not much evidence yet that participants in this industry can 'cut their way to prosperity.' Perhaps part of the problem is that companies like ADM and Bunge rely heavily on management talent and deep geographic coverage to leverage their information advantages globally and manage risk". The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer.



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