World Asset Management Inc Sells 868 Shares of Bunge Limited (BG)
World Asset Management Inc decreased its position in shares of Bunge Limited (NYSE:BG) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 7,896 shares of the basic materials company’s stock after selling 868 shares during the period. World Asset Management Inc’s holdings in Bunge Limited were worth $589,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Rothschild Asset Management Inc. boosted its position in shares of Bunge Limited by 1.3% in the second quarter. Rothschild Asset Management Inc. now owns 6,170 shares of the basic materials company’s stock worth $460,000 after buying an additional 81 shares in the last quarter. Probity Advisors Inc. boosted its position in shares of Bunge Limited by 0.5% in the first quarter. Probity Advisors Inc. now owns 21,757 shares of the basic materials company’s stock worth $1,724,000 after buying an additional 103 shares in the last quarter. Great Lakes Advisors LLC boosted its position in shares of Bunge Limited by 1.8% in the first quarter. Great Lakes Advisors LLC now owns 6,934 shares of the basic materials company’s stock worth $550,000 after buying an additional 120 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Bunge Limited by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,719 shares of the basic materials company’s stock worth $276,000 after buying an additional 155 shares in the last quarter. Finally, Atria Investments LLC raised its stake in Bunge Limited by 6.3% in the first quarter. Atria Investments LLC now owns 3,428 shares of the basic materials company’s stock worth $272,000 after buying an additional 202 shares during the last quarter. 81.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bunge Limited (NYSE:BG) opened at 76.93 on Thursday. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 21.93 and a beta of 1.02. The company’s 50 day moving average price is $77.15 and its 200-day moving average price is $76.49. Bunge Limited has a 1-year low of $58.19 and a 1-year high of $83.75.
Bunge Limited (NYSE:BG) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $10.88 billion. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. Bunge Limited’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. On average, equities analysts forecast that Bunge Limited will post $4.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.39%. Bunge Limited’s dividend payout ratio (DPR) is presently 48.98%.
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BG has been the topic of a number of analyst reports. Stephens lowered Bunge Limited from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 3rd. J P Morgan Chase & Co upgraded Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research note on Thursday, May 4th. BMO Capital Markets reiterated a “buy” rating on shares of Bunge Limited in a research note on Friday, May 5th. Credit Suisse Group set a $80.00 price objective on Bunge Limited and gave the company a “buy” rating in a research note on Thursday, May 4th. Finally, BidaskClub lowered Bunge Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $84.83.
In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $80.00, for a total transaction of $210,880.00. Following the sale, the insider now directly owns 20,214 shares of the company’s stock, valued at $1,617,120. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by 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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