Bunge (NYSE:BG) Rating Increased to B at TheStreet

Bunge (NYSE:BG) was upgraded by TheStreet from a “c+” rating to a “b” rating in a research report issued on Wednesday, TheStreetRatingsTable reports.

A number of other research firms also recently weighed in on BG. Zacks Investment Research upgraded Bunge from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded Bunge from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $73.33.

Shares of NYSE:BG traded down $0.73 during trading on Wednesday, hitting $57.19. 892,009 shares of the company traded hands, compared to its average volume of 772,791. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $56.79. The company has a market capitalization of $7.97 billion, a PE ratio of 21.03 and a beta of 0.86. Bunge has a one year low of $47.26 and a one year high of $72.35.

Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $1.20. The business had revenue of $10.10 billion during the quarter, compared to the consensus estimate of $12 billion. Bunge had a return on equity of 7.81% and a net margin of 0.74%. The business’s revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Equities research analysts predict that Bunge will post 2.74 earnings per share for the current fiscal year.

In other news, CEO Gregory A. Heckman bought 38,588 shares of Bunge stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $51.93 per share, for a total transaction of $2,003,874.84. Following the completion of the acquisition, the chief executive officer now owns 55,054 shares of the company’s stock, valued at $2,858,954.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian Zachman bought 10,000 shares of Bunge stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average price of $51.28 per share, for a total transaction of $512,800.00. Following the acquisition, the insider now directly owns 24,611 shares of the company’s stock, valued at approximately $1,262,052.08. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 212,588 shares of company stock worth $10,882,275. Corporate insiders own 3.18% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BG. Cornerstone Advisors Inc. grew its holdings in Bunge by 65.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 593 shares of the basic materials company’s stock valued at $33,000 after buying an additional 234 shares in the last quarter. Advisory Services Network LLC grew its holdings in Bunge by 756.0% during the 2nd quarter. Advisory Services Network LLC now owns 1,070 shares of the basic materials company’s stock valued at $60,000 after buying an additional 945 shares in the last quarter. Trust Co. of Vermont grew its holdings in Bunge by 333.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,300 shares of the basic materials company’s stock valued at $72,000 after buying an additional 1,000 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Bunge during the 2nd quarter valued at approximately $92,000. Finally, Clarus Wealth Advisors grew its holdings in Bunge by 13.5% during the 2nd quarter. Clarus Wealth Advisors now owns 1,886 shares of the basic materials company’s stock valued at $105,000 after buying an additional 225 shares in the last quarter. Institutional investors own 80.20% of the company’s stock.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates in 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 grains primarily wheat and corn; and vegetable oils and protein meals.

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Analyst Recommendations for Bunge (NYSE:BG)

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