Bunge Limited (NYSE:BG) Stake Maintained by Shell Asset Management Co.
Shell Asset Management Co. maintained its position in shares of Bunge Limited (NYSE:BG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,265 shares of the basic materials company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Bunge Limited were worth $617,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in shares of Bunge Limited by 212.2% in the fourth quarter. Macquarie Group Ltd. now owns 30,600 shares of the basic materials company’s stock worth $2,211,000 after buying an additional 20,800 shares during the period. Heartland Advisors Inc. increased its position in shares of 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 worth $4,576,000 after buying an additional 53,937 shares during the period. DnB Asset Management AS increased its position in shares of 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 worth $32,834,000 after buying an additional 7,100 shares during the period. Clinton Group Inc. increased its position in shares of Bunge Limited by 243.7% in the first quarter. Clinton Group Inc. now owns 65,349 shares of the basic materials company’s stock worth $5,180,000 after buying an additional 46,338 shares during the period. Finally, Korea Investment CORP increased its position in shares of 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 worth $9,966,000 after buying an additional 125,570 shares during the period. 81.69% of the stock is owned by institutional investors.
Shares of Bunge Limited (NYSE:BG) opened at 77.27 on Friday. The company has a market cap of $10.86 billion, a P/E ratio of 22.09 and a beta of 1.02. The company’s 50 day moving average is $77.27 and its 200 day moving average is $76.56. Bunge Limited has a one year low of $58.19 and a one year high of $83.75.
Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $10.88 billion. During the same period last year, the business earned $0.79 earnings per share. Bunge Limited’s revenue was up 10.5% compared to the same quarter last year. On average, equities analysts predict that Bunge Limited will post $3.94 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders 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 2.38%. Bunge Limited’s dividend payout ratio (DPR) is currently 48.98%.
BG has been the subject of a number of analyst reports. BidaskClub downgraded shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Credit Suisse Group set a $90.00 price objective on shares of Bunge Limited and gave the company a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BMO Capital Markets reissued a “buy” rating on shares of Bunge Limited in a research report on Friday, May 5th. Finally, Piper Jaffray Companies set a $86.00 price objective on shares of Bunge Limited and gave the company a “buy” rating in a research report 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. The company has an average rating of “Hold” and an average price target of $84.83.
In other 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 value of $210,880.00. Following the completion of the transaction, the insider now directly owns 20,214 shares in the company, valued at $1,617,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently 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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