Bunge (BG) Shares Gap Up to $80.89

Bunge Ltd (NYSE:BG)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $79.28, but opened at $80.89. Bunge shares last traded at $82.33, with a volume of 2031686 shares.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Bunge from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Credit Suisse Group set a $84.00 price target on shares of Bunge and gave the stock a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $87.00 price target on shares of Bunge in a research note on Monday, November 6th. Robert W. Baird reaffirmed a “hold” rating and set a $77.00 price target on shares of Bunge in a research note on Friday, October 13th. Finally, Vertical Group raised shares of Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.00.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60. The company has a market cap of $11,607.25, a P/E ratio of 25.57, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14.

The company 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 $0.46 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. Bunge’s dividend payout ratio is presently 57.68%.

Several large investors have recently added to or reduced their stakes in BG. Suntrust Banks Inc. grew its stake in shares of Bunge by 3.8% in the second quarter. Suntrust Banks Inc. now owns 4,537 shares of the basic materials company’s stock valued at $337,000 after buying an additional 166 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Bunge by 84.5% in the second quarter. Stifel Financial Corp now owns 5,444 shares of the basic materials company’s stock valued at $404,000 after buying an additional 2,494 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Bunge in the second quarter valued at $777,000. Macquarie Group Ltd. grew its stake in shares of Bunge by 5.0% in the second quarter. Macquarie Group Ltd. now owns 38,000 shares of the basic materials company’s stock valued at $2,834,000 after buying an additional 1,800 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Bunge by 89.8% in the second quarter. Janus Henderson Group PLC now owns 33,400 shares of the basic materials company’s stock valued at $2,492,000 after buying an additional 15,806 shares in the last quarter. 77.66% of the stock is owned by institutional investors and hedge funds.

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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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