Bunge Limited (BG) Stake Raised by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado boosted its stake in Bunge Limited (NYSE:BG) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,775 shares of the basic materials company’s stock after buying an additional 6 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Bunge Limited were worth $1,997,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MUFG Americas Holdings Corp increased its stake in Bunge Limited by 115.7% in the first quarter. MUFG Americas Holdings Corp now owns 1,361 shares of the basic materials company’s stock valued at $108,000 after buying an additional 730 shares in the last quarter. Toronto Dominion Bank increased its stake in Bunge Limited by 26.3% in the first quarter. Toronto Dominion Bank now owns 1,526 shares of the basic materials company’s stock valued at $121,000 after buying an additional 318 shares in the last quarter. Creative Planning increased its stake in Bunge Limited by 99.0% in the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after buying an additional 822 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in Bunge Limited during the first quarter valued at $160,000. Finally, Private Bank & Trust Co. bought a new stake in Bunge Limited during the second quarter valued at $210,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.
Shares of Bunge Limited (BG) opened at 77.96 on Friday. Bunge Limited has a 12-month low of $58.19 and a 12-month high of $83.75. The stock has a 50 day moving average of $77.22 and a 200 day moving average of $76.50. The stock has a market capitalization of $10.96 billion, a P/E ratio of 22.29 and a beta of 1.02.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $10.88 billion. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Bunge Limited will post $4.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a yield of 2.36%. Bunge Limited’s payout ratio is currently 48.98%.
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Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reissued a “buy” rating and set a $84.00 target price on shares of Bunge Limited in a research report on Friday, July 21st. BidaskClub downgraded shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BMO Capital Markets reissued a “buy” rating on shares of Bunge Limited in a research report on Monday, May 15th. Finally, J P Morgan Chase & Co raised shares of Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 target price on the stock in a research report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Bunge Limited currently has a consensus rating of “Hold” and an average price target of $84.83.
In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.00, for a total transaction of $210,880.00. Following the sale, the insider now owns 20,214 shares of the company’s stock, valued at $1,617,120. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
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.
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