BlackRock Inc. Boosts Stock Position in Bunge Limited (NYSE:BG)


Share on StockTwits

BlackRock Inc. boosted its holdings in Bunge Limited (NYSE:BG) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,279,826 shares of the basic materials company’s stock after purchasing an additional 188,400 shares during the quarter. BlackRock Inc. owned approximately 0.07% of Bunge worth $608,570,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Jeppson Wealth Management LLC purchased a new position in shares of Bunge during the third quarter worth about $27,000. NEXT Financial Group Inc grew its holdings in shares of Bunge by 352.2% during the fourth quarter. NEXT Financial Group Inc now owns 407 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 317 shares during the last quarter. Rosenberg Matthew Hamilton purchased a new position in shares of Bunge during the fourth quarter worth about $50,000. Bourgeon Capital Management LLC purchased a new position in shares of Bunge during the third quarter worth about $69,000. Finally, Strs Ohio purchased a new position in shares of Bunge during the third quarter worth about $79,000. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Raul Padilla sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $78.56, for a total value of $86,416.00. Following the completion of the sale, the insider now owns 100,946 shares in the company, valued at $7,930,317.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.67% of the stock is owned by company insiders.

Shares of NYSE:BG opened at $78.19 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.51 and a debt-to-equity ratio of 0.93. The company has a market cap of $10.92 billion, a P/E ratio of 23.20 and a beta of 0.76. Bunge Limited has a 52 week low of $29.00 and a 52 week high of $79.45. The company has a 50-day moving average price of $71.34 and a 200 day moving average price of $58.30.

Bunge (NYSE:BG) last announced its quarterly earnings data on Tuesday, February 9th. The basic materials company reported $3.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $1.23. The firm had revenue of $12.61 billion during the quarter, compared to the consensus estimate of $10.92 billion. Bunge had a net margin of 1.34% and a return on equity of 19.81%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 earnings per share. Analysts expect that Bunge Limited will post 6.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Investors of record on Wednesday, May 19th will be given a $0.50 dividend. The ex-dividend date is Tuesday, May 18th. This represents a $2.00 dividend on an annualized basis and a yield of 2.56%. Bunge’s payout ratio is currently 43.67%.

BG has been the topic of several research reports. Credit Suisse Group raised their price objective on Bunge from $72.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, February 11th. TheStreet raised Bunge from a “c+” rating to a “b” rating in a report on Wednesday, February 10th. Barclays raised their price target on Bunge from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 11th. Finally, Morgan Stanley raised their price target on Bunge from $66.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, December 14th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $69.25.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

Further Reading: Market Perform

Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Limited (NYSE:BG).

Institutional Ownership by Quarter for Bunge (NYSE:BG)

Receive News & Ratings for Bunge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge and related companies with MarketBeat.com's FREE daily email newsletter.