Janus Henderson Group PLC grew its holdings in Bunge Ltd (NYSE:BG) by 56.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 396,389 shares of the basic materials company’s stock after buying an additional 143,233 shares during the quarter. Janus Henderson Group PLC owned 0.28% of Bunge worth $22,079,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BG. Cornerstone Advisors Inc. increased 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 worth $33,000 after purchasing an additional 234 shares in the last quarter. Trust Co. of Vermont increased its position in shares of Bunge by 333.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,300 shares of the basic materials company’s stock worth $72,000 after purchasing an additional 1,000 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Bunge during the 2nd quarter worth about $92,000. Clarus Wealth Advisors increased its position in shares of Bunge by 13.5% during the 2nd quarter. Clarus Wealth Advisors now owns 1,886 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 225 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Bunge during the 2nd quarter worth about $202,000. Institutional investors own 81.74% of the company’s stock.

In other news, Director Grain Co Continental acquired 160,000 shares of Bunge stock in a transaction that occurred on Friday, May 24th. The shares were acquired at an average price of $51.00 per share, with a total value of $8,160,000.00. Following the purchase, the director now directly owns 3,676,155 shares of the company’s stock, valued at $187,483,905. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.18% of the stock is owned by company insiders.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Bunge from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. TheStreet raised shares of Bunge from a “c+” rating to a “b” rating in a report on Wednesday, July 31st. Finally, ValuEngine lowered shares of Bunge from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $71.50.

Bunge stock opened at $53.81 on Wednesday. The company’s 50 day simple moving average is $56.26 and its 200 day simple moving average is $53.81. Bunge Ltd has a fifty-two week low of $47.26 and a fifty-two week high of $72.35. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.78 and a beta of 0.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.49 and a quick ratio of 0.70.

Bunge (NYSE:BG) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.32 by $1.20. Bunge had a net margin of 1.30% and a return on equity of 11.39%. The business had revenue of $10.10 billion for the quarter, compared to analyst estimates of $12 billion. During the same quarter last year, the firm earned $0.10 EPS. Bunge’s quarterly revenue was down 16.9% compared to the same quarter last year. As a group, analysts predict that Bunge Ltd will post 3.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.72%. Bunge’s payout ratio is 73.53%.

Bunge Company Profile

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.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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