The Insider Activity Of Bunge Limited (BG) Should Not Be Ignored


As of Thursday close, Bunge Limited’s (NYSE:BG) stock was up $3.15, moving up 3.48 percent to $93.61. The average number of shares traded per day over the past five days has been 1,565,920 shares. 4 times new highs have been achieved over the past 5 days, with a $4.79 gain in that time frame. In the last twenty days, the average volume was 1,158,845, while in the previous 50 days, it was 1,283,264.

Since last month, BG stock rose 1.72%. Shares of the company fell to $87.86 on 05/18/23, the lowest level in the past month. A 52-week high of $118.99 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 -6.17% or -$6.16, and marked a new high 5 times. However, the stock has declined by -21.33% 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 198 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.

Valuation Metrics

Right now, Bunge Limited (BG) has a P/E ratio of about 9.19. 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 1.41.

The latest dividend of $0.6625 per share was paid out, which is 6.0% more than last year’s $0.6250.

Financial Health

In the three months ended March 30, Bunge Limited’s quick ratio stood at 1.00, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.43, and the total debt-to-equity ratio was 0.57. On the profitability front, the trailing twelve-month gross margin is 5.60% percent. In the year ended March 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 17.00%.

In Bunge Limited’s quarter-end financial report for March 30, it reported total debt of $4.31 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 -3.6% to $16.66 billion during the quarter, while net income inched up to $15.33 billion. While analysts expected Bunge Limited to report $3.24 quarterly earnings, the actual figure was $3.26 per share, beating the consensus estimate by 0.60%. During the quarter, the company generated $930.0 million in EBITDA. The liabilities of Bunge Limited were 16.39 billion at the end of its most recent quarter ended March 30, and its total debt was $6.62 billion. The value of shareholders’ equity is $150.6 million.

Technical Picture

This quick technical analysis looks at Bunge Limited’s (BG) price momentum. With a historical volatility rate of 30.16%, the RSI 9-day stood at 61.80% on 25 May.

With respect to its five-day moving average, the current Bunge Limited price is up by +5.39% percent or $4.79. At present, BG shares trade +0.99% above its 20-day simple moving average and -6.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.29% below its SMA50 and -3.87% below its SMA200.

Stochastic coefficient K was 59.35% and Stochastic coefficient D was 54.85%, while ATR was 3.18. Given the Stochastic reading of 48.91% for the 14-day period, the RSI (14) reading has been calculated as 55.94%. As of today, the MACD Oscillator reading stands at 1.25, while the 14-day reading stands at 1.55.

Analyst Ratings

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 $105.00 – $161.00. Based on these forecasts, analysts predict Bunge Limited (BG) will achieve an average price target of $124.55.


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