Meyer Handelman Co. lowered its stake in Bunge Ltd (NYSE:BG) by 60.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,200 shares of the basic materials company’s stock after selling 8,000 shares during the quarter. Meyer Handelman Co.’s holdings in Bunge were worth $278,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its holdings in Bunge by 5.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,768 shares of the basic materials company’s stock valued at $254,000 after acquiring an additional 230 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in Bunge by 44.6% in the 4th quarter. First Mercantile Trust Co. now owns 1,200 shares of the basic materials company’s stock valued at $64,000 after acquiring an additional 370 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in Bunge by 4.7% in the 4th quarter. IFM Investors Pty Ltd now owns 8,281 shares of the basic materials company’s stock valued at $443,000 after acquiring an additional 374 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Bunge by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,230 shares of the basic materials company’s stock valued at $1,188,000 after acquiring an additional 500 shares during the last quarter. Finally, Robecosam AG lifted its holdings in Bunge by 3.4% in the 4th quarter. Robecosam AG now owns 23,906 shares of the basic materials company’s stock valued at $1,267,000 after acquiring an additional 795 shares during the last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.

NYSE BG traded down $0.31 on Monday, reaching $52.72. The company’s stock had a trading volume of 1,102 shares, compared to its average volume of 1,454,526. Bunge Ltd has a twelve month low of $51.13 and a twelve month high of $81.45. The company has a current ratio of 1.58, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 27.19 and a beta of 0.96.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Shareholders of record on Tuesday, February 19th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, February 15th. Bunge’s payout ratio is 103.09%.

In other Bunge news, Director Grain Co Continental purchased 170,000 shares of the business’s stock in a transaction on Friday, November 16th. The stock was bought at an average cost of $58.80 per share, with a total value of $9,996,000.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.25% of the stock is currently owned by corporate insiders.

BG has been the subject of a number of research analyst reports. BMO Capital Markets cut their price target on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Zacks Investment Research raised shares of Bunge from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine downgraded shares of Bunge from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Citigroup cut their price target on shares of Bunge from $82.00 to $80.00 and set a “buy” rating for the company in a report on Monday, December 10th. Finally, Credit Suisse Group set a $70.00 price target on shares of Bunge and gave the company an “outperform” rating in a report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Bunge currently has an average rating of “Hold” and an average target price of $76.60.

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Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grain, such as wheat and corn; and vegetable oils and protein meals.

See Also: Fundamental Analysis

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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