Bunge Limited (NYSE:BG) Stake Boosted by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. raised its stake in Bunge Limited (NYSE:BG) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 6,170 shares of the basic materials company’s stock after buying an additional 81 shares during the period. Rothschild Asset Management Inc.’s holdings in Bunge Limited were worth $460,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in Bunge Limited by 212.2% in the fourth quarter. Macquarie Group Ltd. now owns 30,600 shares of the basic materials company’s stock valued at $2,211,000 after buying an additional 20,800 shares during the period. Heartland Advisors Inc. boosted its position in Bunge Limited by 1,419.8% in the first quarter. Heartland Advisors Inc. now owns 57,736 shares of the basic materials company’s stock valued at $4,576,000 after buying an additional 53,937 shares during the period. DnB Asset Management AS boosted its position in Bunge Limited by 1.7% in the first quarter. DnB Asset Management AS now owns 414,253 shares of the basic materials company’s stock valued at $32,834,000 after buying an additional 7,100 shares during the period. Clinton Group Inc. boosted its position in Bunge Limited by 243.7% in the first quarter. Clinton Group Inc. now owns 65,349 shares of the basic materials company’s stock valued at $5,180,000 after buying an additional 46,338 shares during the period. Finally, Korea Investment CORP boosted its position in Bunge Limited by 76,103.0% in the first quarter. Korea Investment CORP now owns 125,735 shares of the basic materials company’s stock valued at $9,966,000 after buying an additional 125,570 shares during the period. Institutional investors and hedge funds own 81.69% of the company’s stock.
Shares of Bunge Limited (NYSE:BG) opened at 77.27 on Friday. The stock’s 50 day moving average price is $77.27 and its 200-day moving average price is $76.56. Bunge Limited has a 12 month low of $58.19 and a 12 month high of $83.75. The firm has a market capitalization of $10.86 billion, a PE ratio of 22.09 and a beta of 1.02.
Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $11.65 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. On average, equities analysts anticipate that Bunge Limited will post $3.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s dividend payout ratio is 48.98%.
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BG has been the topic of several recent analyst reports. BidaskClub cut Bunge Limited from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Credit Suisse Group set a $90.00 price target on Bunge Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Bunge Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BMO Capital Markets reiterated a “buy” rating on shares of Bunge Limited in a research note on Friday, May 5th. Finally, Piper Jaffray Companies set a $86.00 price target on Bunge Limited and gave the stock a “buy” rating in a research note on Thursday, August 3rd. One research 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’s stock. Bunge Limited has an average rating of “Hold” and an average target price 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 dated Monday, July 24th. The shares were sold at an average price of $80.00, for a total transaction 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 filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
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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