Stock Traders Purchase Large Volume of Bunge Put Options (BG)

Bunge Limited (NYSE:BG) saw unusually large options trading on Monday. Stock traders bought 2,159 put options on the stock. This represents an increase of 660% compared to the average daily volume of 284 put options.

Bunge (NYSE BG) opened at $69.79 on Friday. The stock has a market capitalization of $9,607.79, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. Bunge has a 12-month low of $63.87 and a 12-month high of $83.75.

Bunge (NYSE:BG) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.04). Bunge had a net margin of 1.06% and a return on equity of 6.68%. The company had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. equities analysts anticipate that Bunge will post 2.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.64%. Bunge’s dividend payout ratio (DPR) is presently 57.68%.

Several equities research analysts recently commented on BG shares. Zacks Investment Research downgraded Bunge from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $86.00 target price on shares of Bunge in a research report on Tuesday, September 5th. Credit Suisse Group reissued a “buy” rating and issued a $90.00 target price on shares of Bunge in a research report on Friday, September 15th. Vertical Group cut Bunge from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Robert W. Baird reissued a “hold” rating and issued a $77.00 target price on shares of Bunge in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $81.86.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aviance Capital Management LLC bought a new stake in Bunge during the 2nd quarter valued at approximately $101,000. Advisor Group Inc. increased its stake in Bunge by 127.8% in the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 841 shares during the last quarter. Creative Planning increased its stake in Bunge 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 acquiring an additional 822 shares during the last quarter. Toronto Dominion Bank increased its stake in Bunge 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 acquiring an additional 188 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Bunge 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 acquiring an additional 1,946 shares during the last quarter. 79.86% of the stock is currently owned by institutional investors.

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About Bunge

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.

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