Capital Fund Management S.A. cut its stake in shares of Bunge Ltd (NYSE:BG) by 54.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 41,401 shares of the basic materials company’s stock after selling 49,457 shares during the period. Capital Fund Management S.A.’s holdings in Bunge were worth $2,777,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Bunge by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,201,141 shares of the basic materials company’s stock worth $152,892,000 after purchasing an additional 42,428 shares during the last quarter. Marathon Asset Management LLP increased its holdings in Bunge by 17.5% during the 4th quarter. Marathon Asset Management LLP now owns 1,107,221 shares of the basic materials company’s stock worth $74,276,000 after purchasing an additional 165,122 shares during the last quarter. Legal & General Group Plc increased its holdings in Bunge by 4.1% during the 3rd quarter. Legal & General Group Plc now owns 907,918 shares of the basic materials company’s stock worth $63,060,000 after purchasing an additional 35,864 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Bunge by 36.4% during the 4th quarter. Wells Fargo & Company MN now owns 800,758 shares of the basic materials company’s stock worth $53,715,000 after purchasing an additional 213,603 shares during the last quarter. Finally, ING Groep NV increased its holdings in Bunge by 13,050.0% during the 4th quarter. ING Groep NV now owns 684,983 shares of the basic materials company’s stock worth $45,949,000 after purchasing an additional 679,774 shares during the last quarter. 76.99% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on BG. Piper Jaffray Companies restated a “buy” rating on shares of Bunge in a report on Thursday. Zacks Investment Research upgraded Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Credit Suisse Group reiterated a “buy” rating and issued a $84.00 price target on shares of Bunge in a report on Friday. BMO Capital Markets reiterated a “buy” rating and issued a $87.00 price target on shares of Bunge in a report on Monday, November 6th. Finally, Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Bunge has an average rating of “Hold” and an average price target of $81.00.
Shares of Bunge Ltd (NYSE BG) opened at $79.10 on Monday. Bunge Ltd has a twelve month low of $63.87 and a twelve month high of $83.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. The firm has a market capitalization of $11,122.15, a P/E ratio of 40.77, a PEG ratio of 1.59 and a beta of 1.14.
Bunge (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.81). The firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge had a net margin of 0.35% and a return on equity of 4.32%. Bunge’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 earnings per share. sell-side analysts predict that Bunge Ltd will post 4.16 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a yield of 2.33%. Bunge’s payout ratio is currently 206.74%.
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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.
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