Bunge Limited (BG) Stake Increased by Rhumbline Advisers
Rhumbline Advisers grew its position in Bunge Limited (NYSE:BG) by 4.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 167,363 shares of the basic materials company’s stock after buying an additional 7,275 shares during the period. Rhumbline Advisers owned 0.12% of Bunge Limited worth $11,625,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in BG. Aviance Capital Management LLC acquired a new stake in Bunge Limited in the 2nd quarter worth approximately $101,000. Advisor Group Inc. boosted its stake in Bunge Limited by 127.8% in the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 841 shares in the last quarter. Creative Planning boosted its stake in Bunge Limited by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 822 shares in the last quarter. Toronto Dominion Bank boosted its stake in Bunge Limited by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 188 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in Bunge Limited by 559.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after buying an additional 1,946 shares during the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.
Bunge Limited (NYSE BG) opened at $65.25 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60. The firm has a market cap of $9,207.06, a P/E ratio of 22.05, a PEG ratio of 1.84 and a beta of 1.06. Bunge Limited has a 1-year low of $63.87 and a 1-year high of $83.75.
Bunge Limited (NYSE:BG) last posted its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.04). The firm had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.87 billion. Bunge Limited had a net margin of 1.06% and a return on equity of 6.68%. Bunge Limited’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. sell-side analysts anticipate that Bunge Limited will post 2.97 earnings per share for the current year.
A number of equities analysts have issued reports on the stock. BMO Capital Markets reissued a “buy” rating and set a $87.00 price target on shares of Bunge Limited in a research report on Monday, November 6th. Zacks Investment Research lowered shares of Bunge Limited from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th. Robert W. Baird reissued a “hold” rating and set a $77.00 price target on shares of Bunge Limited in a research report on Friday, October 13th. TheStreet lowered shares of Bunge Limited from a “b-” rating to a “c+” rating in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $86.00 price target on shares of Bunge Limited and gave the stock a “buy” rating in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $81.86.
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Bunge Limited Company Profile
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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