Bunge Limited (NYSE:BG):
Bunge Reports Third Quarter 2017 Results.
The company is now down since yesterday’s close of $68.78.
The company announced a dividend to be paid on Monday the 4th of December 2017. The dividend will be $0.460 per share for the quarter or $1.84 annualized. This dividend amount will represent a yield of $2.66. The ex-dividend date is as of Friday the 18th of August 2017.
Bunge Limited, launched on May 18, 1995, is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company is an oilseed processor and producer of vegetable oils and protein meals; grain processor; seller of packaged vegetable oils across the world; producer and seller of wheat flours and bakery mixes, dry milled corn products and milled rice products, and producer of sugar and ethanol in Brazil, and global trader and merchandiser of sugar. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer..
Shares are trading at $68.78 barely below the 50 day moving average of $70.44 and which is just a bit below the 200 day moving average of $74.84. The 50 day moving average was down $-1.66 and the 200 day average moved down $-6.06.
The most current P/E ratio is 19.66 and the market value is 9.67B. As of the latest earnings report the EPS was $3.50 and is projected to be $3.28 for the current year with 140,602,000 shares now outstanding. Analysts expect next quarter’s EPS to be $1.98 with next year’s EPS projected to be $5.26.
Investors are a little more bearish on shares of the company of late as inferred by the rise in short interest. The firm had a rise in short interest of 6.55% between September 29, 2017 and October 13, 2017. Short interest increased from 1,711,298 to 1,823,309 over that timeframe. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.01% as of October 13.
Investment firms have issued ratings on the stock recently. On September 12, 2017 Baird initiated coverage on the stock with an initial rating of “Neutral”. On September 28 the stock rating was downgraded to “Neutral” from “Buy” in an announcement from Citigroup.