Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. 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 processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies; and for industrial and biodiesel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that include cooking oils, shortenings, margarines, mayonnaise, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; quinoas and millets; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Limited was founded in 1818 and is headquartered in St. Louis, Missouri.
Analyst Ratings Changes
BG has been the topic of several recent analyst reports. Barclays raised their target price on Bunge from $120.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, April 25th. Bank of America raised Bunge from a "neutral" rating to a "buy" rating and cut their target price for the stock from $140.00 to $135.00 in a research note on Thursday, June 30th. JPMorgan Chase & Co. raised Bunge from a "neutral" rating to an "overweight" rating and cut their target price for the stock from $130.00 to $106.00 in a research note on Thursday, July 7th. StockNews.com cut Bunge from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. Finally, Monness Crespi & Hardt initiated coverage on Bunge in a research note on Wednesday, July 6th. They issued a "buy" rating and a $130.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.63.
Bunge Stock Performance
Bunge stock opened at $96.29 on Tuesday. The stock's 50 day simple moving average is $96.04 and its two-hundred day simple moving average is $104.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.71 and a current ratio of 1.51. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.14 and a beta of 0.59. Bunge has a fifty-two week low of $73.15 and a fifty-two week high of $128.40.
Bunge (NYSE:BG - Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $2.97 EPS for the quarter, missing analysts' consensus estimates of $3.24 by ($0.27). Bunge had a return on equity of 27.43% and a net margin of 2.73%. The company had revenue of $17.93 billion during the quarter, compared to the consensus estimate of $18.64 billion. During the same period in the prior year, the firm earned $2.61 earnings per share. The business's revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, analysts expect that Bunge will post 12.72 earnings per share for the current fiscal year.
Bunge Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be given a $0.625 dividend. This is a boost from Bunge's previous quarterly dividend of $0.53. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, August 18th. Bunge's payout ratio is currently 18.07%.