Insider Buying: Bunge Ltd (BG) Director Buys 3,000 Shares of Stock

Bunge Ltd (NYSE:BG) Director L Patrick Lupo bought 3,000 shares of Bunge stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $62.71 per share, for a total transaction of $188,130.00. Following the completion of the acquisition, the director now owns 46,024 shares in the company, valued at approximately $2,886,165.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of BG stock opened at $63.33 on Wednesday. The stock has a market cap of $8.79 billion, a PE ratio of 32.64 and a beta of 1.12. Bunge Ltd has a 1-year low of $61.26 and a 1-year high of $83.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 1.58.

Bunge (NYSE:BG) last posted its quarterly earnings results on Wednesday, October 31st. The basic materials company reported $2.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.13. Bunge had a net margin of 0.59% and a return on equity of 7.84%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $11.95 billion. During the same quarter last year, the firm posted $0.75 earnings per share. Bunge’s revenue for the quarter was down .1% compared to the same quarter last year. Analysts forecast that Bunge Ltd will post 4.91 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its position in Bunge by 7,200.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,460 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 1,440 shares in the last quarter. Cutler Capital Management LLC acquired a new stake in Bunge in the third quarter valued at approximately $206,000. Truvestments Capital LLC acquired a new stake in Bunge in the second quarter valued at approximately $209,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Bunge in the third quarter valued at approximately $220,000. Finally, Gideon Capital Advisors Inc. acquired a new stake in Bunge in the second quarter valued at approximately $226,000. Hedge funds and other institutional investors own 80.66% of the company’s stock.

A number of research analysts have issued reports on BG shares. Citigroup reduced their target price on shares of Bunge from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. JPMorgan Chase & Co. lowered shares of Bunge from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $82.00 to $75.00 in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of Bunge from a “buy” rating to a “hold” rating in a report on Monday, October 8th. BMO Capital Markets cut their price objective on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Finally, Credit Suisse Group cut their price objective on shares of Bunge from $80.00 to $77.00 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $78.40.

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Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates through 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 grain, such as wheat and corn; and vegetable oils and protein meals.

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