Cubist Systematic Strategies LLC Increases Stake in Bunge Limited (BG)

Cubist Systematic Strategies LLC lifted its holdings in Bunge Limited (NYSE:BG) by 700.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,814 shares of the basic materials company’s stock after buying an additional 11,214 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Bunge were worth $890,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Aviance Capital Management LLC purchased a new stake in shares of Bunge during the 2nd quarter valued at about $101,000. Advisor Group Inc. increased its position in shares of Bunge by 127.8% during the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 841 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Bunge by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 188 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Bunge by 559.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Bunge during the 2nd quarter valued at about $200,000. Institutional investors own 79.71% of the company’s stock.

Several research firms recently issued reports on BG. Credit Suisse Group reissued a “buy” rating and issued a $90.00 target price on shares of Bunge in a report on Friday, September 15th. Zacks Investment Research lowered shares of Bunge from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Citigroup lowered shares of Bunge from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Thursday, September 28th. Piper Jaffray Companies set a $86.00 price objective on shares of Bunge and gave the company a “buy” rating in a report on Friday, October 6th. Finally, TheStreet lowered shares of Bunge from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Bunge currently has a consensus rating of “Hold” and a consensus price target of $81.86.

Bunge Limited (BG) traded down $0.70 during midday trading on Friday, hitting $69.74. The stock had a trading volume of 968,612 shares, compared to its average volume of 1,320,000. The company has a market cap of $9,810.00, a P/E ratio of 21.33, a P/E/G ratio of 1.28 and a beta of 1.05. Bunge Limited has a 52-week low of $63.87 and a 52-week high of $83.75. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60.

Bunge (NYSE:BG) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). The company had revenue of $11.42 billion during the quarter, compared to the consensus estimate of $11.87 billion. Bunge had a return on equity of 6.68% and a net margin of 1.06%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. equities analysts expect that Bunge Limited will post 2.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.64%. Bunge’s dividend payout ratio (DPR) is 56.27%.

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About Bunge

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

Institutional Ownership by Quarter for Bunge (NYSE:BG)

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