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 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 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.

Like this



22 July 2017
Congress close to deal on Russian Federation sanctions
There were concerns that USA companies wanting to finalize transportation deals could be barred under the current bill. Under the deal unveiled Saturday, either the House majority or minority leader can introduce such a resolution.

22 July 2017
Integrated Device Technology, Inc. (IDTI) Rating Reiterated by Barclays PLC
News headlines about Integrated Device Technology (NASDAQ:IDTI) have trended somewhat negative recently, Accern Sentiment reports. For IDTI , the company now has $214.55 Million of cash on the books, which is offset by $1.39 Million current liabilities.

22 July 2017
Russian envoy overheard saying he discussed campaign with Sessions, says report
Manafort previously worked as a consultant to a pro-Russia political party in Ukraine and helped support Yanukovich. However, the source insisted that Trump has not discussed the issue of pardons with his legal team.

22 July 2017
Noble Corporation Ordinary Shares (UK) (NYSE:NE), Cameco Corp (USA) (NYSE:CCJ)
Also, there are 1 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation. The stock of Cameco Corp (USA) (NYSE:CCJ) has "Market Perform" rating given on Thursday, August 6 by Cowen & Co.

22 July 2017
Roadrunner Transportation Systems (NYSE:RRTS) Earning Somewhat Positive Press Coverage, Analysis Finds
The stock of Roadrunner Transportation Systems Inc (NYSE:RRTS) has "Neutral" rating given on Wednesday, February 1 by Robert W. Out of 3 Wall Street analysts rating Roadrunner Transportation, 1 give it "Buy", 0 "Sell" rating , while 2 recommend "Hold".

22 July 2017
Philippine leader says he won't visit U.S. , says 'it's lousy'
Jim McGovern, to lead a protest if Duterte accepts President Donald Trump's invitation to visit the White House. The commission, made up of members of the U.S.

22 July 2017
Weekend weather: Sunny, with highs approaching 90
The combination of dry fuels, low humidity, and breezy northwest winds will bring very high fire danger to central South Dakota. A couple showers or storms will be possible and a few more will be around on Tuesday as highs drop back to normal around 90.

22 July 2017
McCutchen, Bell lift Pirates past Rockies
Friday's win, combined with a loss by first-place Milwaukee, moved Pittsburgh within two games of the division leaders. Pittsburgh jumped on Colorado starter Jeff Hoffman (6-2) and chased him three batters into the fourth inning.

22 July 2017
Marsh & McLennan Companies Inc
Everence Cap Inc has invested 0.41% in Marsh & McLennan Companies, Inc. (NYSE:GGG) to report earnings on July, 26 after the close. In other news, SVP Laurie Ledford sold 184,305 shares of the company's stock in a transaction that occurred on Tuesday, May 16th.

22 July 2017
Police deploy 30000 Officers for Lagos Council Elections
He told journalists yesterday that there are signs that there could be violence unless necessary steps are taken. Godwin Udeuhele, said it was part of the funds that ENSIEC requires to conduct the poll.