Ameriprise Financial Inc. increased its stake in Bunge Limited (NYSE:BG) by 54.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 509,263 shares of the basic materials company’s stock after buying an additional 180,374 shares during the period. Ameriprise Financial Inc. owned 0.36% of Bunge Limited worth $37,990,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its stake in shares of Bunge Limited by 15.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,092,286 shares of the basic materials company’s stock worth $81,485,000 after buying an additional 146,806 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Bunge Limited by 5.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,085,769 shares of the basic materials company’s stock worth $80,998,000 after buying an additional 56,527 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Bunge Limited by 49.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 76,969 shares of the basic materials company’s stock worth $5,742,000 after buying an additional 25,341 shares during the last quarter. Martingale Asset Management L P grew its stake in shares of Bunge Limited by 6.7% in the 2nd quarter. Martingale Asset Management L P now owns 449,936 shares of the basic materials company’s stock worth $33,567,000 after buying an additional 28,414 shares during the last quarter. Finally, AMG Funds LLC grew its stake in shares of Bunge Limited by 37.2% in the 2nd quarter. AMG Funds LLC now owns 11,979 shares of the basic materials company’s stock worth $894,000 after buying an additional 3,251 shares during the last quarter. Institutional investors own 80.34% of the company’s stock.

BG has been the topic of several recent research reports. Credit Suisse Group upped their price target on Bunge Limited from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, June 9th. BMO Capital Markets set a $87.00 target price on Bunge Limited and gave the company a “buy” rating in a research note on Monday, June 12th. BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Zacks Investment Research downgraded Bunge Limited from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 20th. Finally, J P Morgan Chase & Co downgraded Bunge Limited to a “neutral – underweight” rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $83.71.

In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the transaction, the insider now owns 20,214 shares in the company, valued at $1,617,120. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Bunge Limited (NYSE:BG) opened at 71.28 on Friday. The company has a 50-day moving average price of $75.41 and a 200-day moving average price of $76.87. The company has a market capitalization of $10.02 billion, a PE ratio of 20.38 and a beta of 1.04. Bunge Limited has a one year low of $58.19 and a one year high of $83.75.

Bunge Limited (NYSE:BG) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The company had revenue of $11.65 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Analysts expect that Bunge Limited will post $3.92 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be given a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.58%. Bunge Limited’s dividend payout ratio (DPR) is currently 53.64%.

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About Bunge Limited

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 Limited (NYSE:BG)

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