Allianz Asset Management GmbH Has $45.29 Million Stake in Bunge Ltd (BG)
Allianz Asset Management GmbH decreased its position in Bunge Ltd (NYSE:BG) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 675,138 shares of the basic materials company’s stock after selling 11,771 shares during the quarter. Allianz Asset Management GmbH’s holdings in Bunge were worth $45,289,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently modified their holdings of BG. Advisor Group Inc. boosted its holdings in Bunge by 127.8% during the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after buying an additional 841 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Bunge during the fourth quarter worth about $101,000. Cerebellum GP LLC purchased a new stake in Bunge during the fourth quarter worth about $129,000. American International Group Inc. purchased a new stake in Bunge during the fourth quarter worth about $197,000. Finally, KCS Wealth Advisory purchased a new stake in Bunge during the fourth quarter worth about $200,000. 76.99% of the stock is currently owned by institutional investors and hedge funds.
Bunge Ltd (BG) opened at $75.17 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10,612.99, a PE ratio of 84.46, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. Bunge Ltd has a 52-week low of $63.87 and a 52-week high of $83.75.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 16th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Thursday, February 15th. Bunge’s payout ratio is currently 206.74%.
A number of research firms recently commented on BG. Zacks Investment Research raised shares of Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Credit Suisse Group set a $84.00 price objective on shares of Bunge and gave the stock a “buy” rating in a report on Monday, January 22nd. Piper Jaffray Companies reissued a “buy” rating on shares of Bunge in a report on Thursday, February 15th. Stephens raised shares of Bunge from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 15th. Finally, BMO Capital Markets reissued a “buy” rating and set a $87.00 price objective on shares of Bunge in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $81.00.
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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