Bp Plc reduced its holdings in Bunge Limited (NYSE:BG) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,800 shares of the basic materials company’s stock after selling 1,200 shares during the quarter. Bp Plc’s holdings in Bunge were worth $676,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of Bunge in the second quarter worth about $40,000. Citizens Financial Group Inc RI increased its holdings in shares of Bunge by 3,069.8% in the second quarter. Citizens Financial Group Inc RI now owns 1,363 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 1,320 shares in the last quarter. Bourgeon Capital Management LLC bought a new stake in shares of Bunge in the third quarter worth about $69,000. Flagship Harbor Advisors LLC bought a new stake in shares of Bunge in the second quarter worth about $73,000. Finally, Parallel Advisors LLC increased its holdings in shares of Bunge by 339.9% in the second quarter. Parallel Advisors LLC now owns 2,327 shares of the basic materials company’s stock worth $95,000 after acquiring an additional 1,798 shares in the last quarter. Institutional investors own 77.78% of the company’s stock.
Shares of NYSE BG opened at $57.51 on Friday. The stock has a 50 day moving average price of $51.30 and a 200 day moving average price of $44.05. Bunge Limited has a 52 week low of $29.00 and a 52 week high of $60.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.79 and a current ratio of 1.51. The stock has a market capitalization of $8.03 billion, a PE ratio of 17.07 and a beta of 0.76.
Bunge (NYSE:BG) last issued its quarterly earnings results on Monday, November 2nd. The basic materials company reported $2.47 EPS for the quarter, beating the consensus estimate of $0.20 by $2.27. Bunge had a return on equity of 19.81% and a net margin of 1.34%. The firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $9.79 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, research analysts forecast that Bunge Limited will post 6.41 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $2.00 annualized dividend and a yield of 3.48%. Bunge’s dividend payout ratio is 43.67%.
Several research analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Bunge from $50.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. Credit Suisse Group upped their price objective on Bunge from $60.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. JPMorgan Chase & Co. upped their price objective on Bunge from $47.00 to $61.00 and gave the stock a “neutral” rating in a research report on Monday, October 19th. ValuEngine cut Bunge from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, TheStreet raised Bunge from a “d+” rating to a “c-” rating in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $63.71.
In other Bunge news, Director Vinita Bali acquired 1,200 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $46.17 per share, for a total transaction of $55,404.00. Following the completion of the purchase, the director now directly owns 9,672 shares of the company’s stock, valued at $446,556.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.67% of the stock is owned by corporate insiders.
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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