The Director Of Bunge Limited (BG) Purchased 1,017 Shares


As of Friday close, Bunge Limited’s (NYSE:BG) stock was down -$4.61, moving down -4.77 percent to $92.11. The average number of shares traded per day over the past five days has been 10,949,801 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 3,406,400, while in the previous 50 days, it was 2,016,898.

Since last month, BG stock retreated -7.33%. Shares of the company fell to $89.04 on 03/13/23, the lowest level in the past month. A 52-week high of $128.40 was reached on 03/14/23 after having rallying from a 52-week low of $80.41. Since the beginning of this year, BG’s stock price has dropped by -7.68% or -$7.66, and marked a new high 5 times. However, the stock has declined by -28.26% since its 52-week high.

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BG stock investors should be aware that Bunge Limited (BG) stock had its last reported insider trading activity 129 days ago on Nov 09. Garros Julio, the Co-President, Agribusiness of the company, disposed of 1,017 shares for $103.90 on Nov 09. It resulted in a $105,665 divestment by the insider. Simmons Jerry Matthews JR sold 44,666 shares at an average price of $114.98 on May 02. The insider now owns 33,654 shares following the transaction.

Valuation Metrics

Right now, Bunge Limited (BG) has a P/E ratio of about 8.76. The stock’s beta is 0.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 1.50.

The latest dividend of $0.6250 per share was paid out, remained unchanged from last year’s $0.6250.

Financial Health

In the three months ended December 30, Bunge Limited’s quick ratio stood at 0.90, while its current ratio was 1.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.35, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 5.60% percent. In the year ended December 30, operating margins totaled 3.40%. Based on annual data, BG earned $3.68 billion in gross profit and brought in $67.23 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.90%. Return on equity (ROE) for the past 12 months was 18.30%.

In Bunge Limited’s quarter-end financial report for December 30, it reported total debt of $3.26 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BG’s revenue fell -0.14% to $16.76 billion during the quarter, while net income inched up to $16.66 billion. While analysts expected Bunge Limited to report $3.22 quarterly earnings, the actual figure was $3.24 per share, beating the consensus estimate by 0.60%. During the quarter, the company generated $531.0 million in EBITDA. The liabilities of Bunge Limited were 14.62 billion at the end of its most recent quarter ended December 30, and its total debt was $5.62 billion. The value of shareholders’ equity is $149.93 million.

Technical Picture

This quick technical analysis looks at Bunge Limited’s (BG) price momentum. With a historical volatility rate of 87.67%, the RSI 9-day stood at 41.03% on 17 March.

With respect to its five-day moving average, the current Bunge Limited price is down by -0.48% percent or -$0.44. At present, BG shares trade -5.58% below its 20-day simple moving average and +1.44% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.04% below its SMA50 and -22.15% below its SMA200.

Stochastic coefficient K was 34.35% and Stochastic coefficient D was 47.55%, while ATR was 4.32. Given the Stochastic reading of 17.10% for the 14-day period, the RSI (14) reading has been calculated as 42.74%. As of today, the MACD Oscillator reading stands at -0.69, while the 14-day reading stands at -1.09.

Analyst Ratings

Bunge Limited downgraded its rating on Bunge Limited (NYSE: BG) to a Neutral in a note to investors on February 09, 2023. The analysts firm previously had an Outperform rating on the stock.Bunge Limited (BG) has been rated Overweight by analysts. According to 0 brokerage firms, BG is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Bunge Limited stock as buy, with 8 recommending it as overweight.

With a median target price of $125.00, the current consensus forecast for the stock is $115.00 – $162.00. Based on these forecasts, analysts predict Bunge Limited (BG) will achieve an average price target of $128.55.


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