Fruth Investment Management Has $2 Million Holdings in Bunge Limited (BG)
Fruth Investment Management raised its stake in Bunge Limited (NYSE:BG) by 42.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,841 shares of the basic materials company’s stock after purchasing an additional 8,900 shares during the period. Fruth Investment Management’s holdings in Bunge were worth $2,001,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in BG. Aviance Capital Management LLC purchased a new stake in shares of Bunge in the second quarter valued at approximately $101,000. Advisor Group Inc. increased its position in shares of Bunge by 127.8% in the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after buying an additional 841 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Bunge by 12.3% during the second 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. Advisory Services Network LLC increased its position in shares of Bunge by 559.2% during the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Bluefin Trading LLC purchased a new stake in shares of Bunge during the second quarter worth approximately $280,000. 79.71% of the stock is owned by institutional investors.
Shares of Bunge Limited (BG) traded up $0.88 during trading hours on Tuesday, reaching $69.82. The company’s stock had a trading volume of 643,407 shares, compared to its average volume of 1,386,520. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The stock has a market cap of $9,770.00, a PE ratio of 21.35, a P/E/G ratio of 1.28 and a beta of 1.05. Bunge Limited has a 12 month low of $63.87 and a 12 month high of $83.75.
Bunge (NYSE:BG) last issued its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). The company had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. analysts predict that Bunge Limited will post 2.95 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, February 15th. Bunge’s payout ratio is currently 56.27%.
Several analysts recently commented on the company. Zacks Investment Research cut Bunge from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 20th. BMO Capital Markets reiterated a “buy” rating and set a $87.00 price target on shares of Bunge in a research report on Monday, November 6th. TheStreet cut Bunge from a “b-” rating to a “c+” rating in a research report on Tuesday, October 10th. Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Citigroup cut Bunge from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $81.86.
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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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