Bunge Limited (BG) Lowered to “Strong Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Bunge Limited (NYSE:BG) from a hold rating to a strong sell rating in a research note published on Friday morning.

According to Zacks, “Bunge Ltd. is an integrated global agribusiness and food company spanning the farm-to-consumer food chain. Bunge processes, produces, moves, distributes and markets food on five continents. “

BG has been the topic of several other reports. TheStreet cut Bunge Limited from a b- rating to a c+ rating in a report on Tuesday, October 10th. Piper Jaffray Companies reiterated a buy rating and issued a $84.00 price objective on shares of Bunge Limited in a report on Friday, July 21st. Citigroup Inc. cut Bunge Limited from a buy rating to a neutral rating and set a $75.00 price objective on the stock. in a report on Thursday, September 28th. BidaskClub upgraded Bunge Limited from a sell rating to a hold rating in a report on Tuesday, July 4th. Finally, Robert W. Baird began coverage on Bunge Limited in a report on Monday, September 11th. They issued a neutral rating and a $77.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $81.86.

Bunge Limited (NYSE:BG) traded up 0.48% during trading on Friday, hitting $71.17. The stock had a trading volume of 701,392 shares. The firm’s 50-day moving average price is $71.42 and its 200-day moving average price is $75.20. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 20.35 and a beta of 1.01. Bunge Limited has a 52-week low of $60.81 and a 52-week high of $83.75.

Bunge Limited (NYSE:BG) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The company had revenue of $11.65 billion for the quarter, compared to analysts’ expectations of $10.88 billion. During the same period in the previous year, the firm posted $0.79 EPS. Bunge Limited’s revenue was up 10.5% compared to the same quarter last year. Analysts predict that Bunge Limited will post $3.45 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Bunge Limited (BG) Lowered to “Strong Sell” at Zacks Investment Research” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/21/bunge-limited-bg-lowered-to-strong-sell-at-zacks-investment-research.html.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s payout ratio is 53.64%.

In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the transaction, the insider now directly owns 20,214 shares of the company’s stock, valued at approximately $1,617,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BG. Aviance Capital Management LLC purchased a new position in Bunge Limited in the 2nd quarter worth approximately $101,000. Creative Planning lifted its stake in Bunge Limited by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 822 shares in the last quarter. Toronto Dominion Bank lifted its stake in Bunge Limited by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 188 shares in the last quarter. Advisory Services Network LLC lifted its stake in Bunge Limited by 559.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Bunge Limited in the 2nd quarter worth approximately $200,000. 80.34% of the stock is currently owned by institutional investors and hedge funds.

Bunge Limited Company Profile

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

Analyst Recommendatio

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                 <p>According to Zacks, “Bunge Ltd. is an integrated global agribusiness and food company spanning the farm-to-consumer food chain. Bunge processes, produces, moves, distributes and markets food on five continents.   “</p>
<p>BG has been the topic of several other reports. TheStreet cut Bunge Limited from a b- rating to a c+ rating in a report on Tuesday, October 10th. Piper Jaffray Companies  reiterated a buy rating and issued a $84.00 price objective on shares of Bunge Limited in a report on Friday, July 21st. Citigroup Inc. cut Bunge Limited from a buy rating to a neutral rating and set a $75.00 price objective on the stock. in a report on Thursday, September 28th. BidaskClub upgraded Bunge Limited from a sell rating to a hold rating in a report on Tuesday, July 4th. Finally, Robert W. Baird began coverage on Bunge Limited in a report on Monday, September 11th. They issued a neutral rating and a $77.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have assigned  a hold rating and three have assigned  a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $81.86.</p>
<p>Bunge Limited (<a href=NYSE:BG) traded up 0.48% during trading on Friday, hitting $71.17. The stock had a trading volume of 701,392 shares. The firm’s 50-day moving average price is $71.42 and its 200-day moving average price is $75.20. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 20.35 and a beta of 1.01. Bunge Limited has a 52-week low of $60.81 and a 52-week high of $83.75.

Bunge Limited (NYSE:BG) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The company had revenue of $11.65 billion for the quarter, compared to analysts’ expectations of $10.88 billion. During the same period in the previous year, the firm posted $0.79 EPS. Bunge Limited’s revenue was up 10.5% compared to the same quarter last year. Analysts predict that Bunge Limited will post $3.45 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Bunge Limited (BG) Lowered to “Strong Sell” at Zacks Investment Research” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/21/bunge-limited-bg-lowered-to-strong-sell-at-zacks-investment-research.html.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s payout ratio is 53.64%.

In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the transaction, the insider now directly owns 20,214 shares of the company’s stock, valued at approximately $1,617,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BG. Aviance Capital Management LLC purchased a new position in Bunge Limited in the 2nd quarter worth approximately $101,000. Creative Planning lifted its stake in Bunge Limited by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 822 shares in the last quarter. Toronto Dominion Bank lifted its stake in Bunge Limited by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 188 shares in the last quarter. Advisory Services Network LLC lifted its stake in Bunge Limited by 559.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Bunge Limited in the 2nd quarter worth approximately $200,000. 80.34% of the stock is currently owned by institutional investors and hedge funds.

Bunge Limited Company Profile

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

Analyst Recommendations for Bunge Limited (NYSE:BG)

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