Bunge Limited (NYSE:BG) declared a quarterly dividend on Tuesday, March 5th. Shareholders of record on Monday, May 20th will be given a dividend of $0.27 per share on Monday, June 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.45%.
Several analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Bunge Limited from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, February 14th. They now have a $71.40 price target on the stock. On a related note, analysts at Feltl & Co. downgraded shares of Bunge Limited from a “strong-buy” rating to a “hold” rating in a research note to investors on Friday, February 8th. They now have a $74.00 price target on the stock, down previously from $82.00. Finally, analysts at JPMorgan Chase initiated coverage on shares of Bunge Limited in a research note to investors on Monday, January 7th. They set an “overweight” rating and a $85.00 price target on the stock.
Shares of Bunge Limited (BG) traded up 1.46% during mid-day trading on Tuesday, hitting $74.60. Bunge Limited (BG) has a one year low of $57.10 and a one year high of $80.99. The stock’s 50-day moving average is currently $75.90. The company has a market cap of $10.892 billion and a P/E ratio of 401.80.
Bunge Limited last released its earnings data on Thursday, February 7th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.33 by $1.76. The company had revenue of $17.04 billion for the quarter, compared to the consensus estimate of $18.81 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Bunge Limited (BG) will post $7.32 earnings per share for the current fiscal year.
Bunge Limited (Bunge) is a global agribusiness and food company operating in the farm-to-consumer food chain.
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