Janney Montgomery Scott LLC trimmed its holdings in shares of Bunge Ltd (NYSE:BG) by 11.9% during the third quarter, HoldingsChannel reports. The fund owned 9,270 shares of the basic materials company’s stock after selling 1,258 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Bunge were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BG. Jolley Asset Management LLC boosted its stake in shares of Bunge by 2.2% in the 3rd quarter. Jolley Asset Management LLC now owns 9,285 shares of the basic materials company’s stock valued at $526,000 after purchasing an additional 200 shares during the last quarter. Clarus Wealth Advisors boosted its stake in shares of Bunge by 13.5% in the 2nd quarter. Clarus Wealth Advisors now owns 1,886 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 225 shares during the last quarter. M&T Bank Corp lifted its position in shares of Bunge by 2.8% during the 2nd quarter. M&T Bank Corp now owns 8,407 shares of the basic materials company’s stock valued at $469,000 after acquiring an additional 229 shares during the period. Cornerstone Advisors Inc. lifted its position in shares of Bunge by 65.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 593 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 234 shares during the period. Finally, Comerica Bank lifted its position in shares of Bunge by 3.0% during the 2nd quarter. Comerica Bank now owns 8,709 shares of the basic materials company’s stock valued at $485,000 after acquiring an additional 251 shares during the period. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

Bunge stock opened at $55.20 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.47 and a debt-to-equity ratio of 1.29. Bunge Ltd has a 12-month low of $47.26 and a 12-month high of $62.92. The firm’s fifty day moving average is $55.51 and its 200 day moving average is $55.00. The company has a market capitalization of $7.90 billion, a PE ratio of 20.29 and a beta of 0.87.

Bunge (NYSE:BG) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.87. Bunge had a negative net margin of 3.09% and a positive return on equity of 9.31%. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the prior year, the company posted $2.52 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. Sell-side analysts expect that Bunge Ltd will post 2.95 EPS for the current fiscal year.

In other Bunge news, Director Grain Co Continental acquired 20,000 shares of the stock in a transaction on Thursday, August 29th. The shares were purchased at an average price of $52.27 per share, for a total transaction of $1,045,400.00. Following the completion of the acquisition, the director now owns 3,931,155 shares in the company, valued at approximately $205,481,471.85. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.18% of the company’s stock.

A number of research firms recently issued reports on BG. Stephens began coverage on shares of Bunge in a research report on Tuesday, October 8th. They set an “overweight” rating and a $74.00 target price on the stock. Credit Suisse Group reiterated a “buy” rating on shares of Bunge in a research report on Monday, November 4th. ValuEngine downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. TheStreet downgraded shares of Bunge from a “b-” rating to a “c-” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research upgraded shares of Bunge from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $70.00.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates in 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 grains primarily wheat and corn; and vegetable oils and protein meals.

Recommended Story: Book Value Per Share – BVPS

Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Ltd (NYSE:BG).

Institutional Ownership by Quarter for Bunge (NYSE:BG)

Receive News & Ratings for Bunge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge and related companies with MarketBeat.com's FREE daily email newsletter.