Lingohr & Partner Asset Management GmbH lowered its stake in Bunge Ltd (NYSE:BG) by 65.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,069 shares of the basic materials company’s stock after selling 13,660 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Bunge were worth $560,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Bunge during the fourth quarter worth approximately $126,122,000. LSV Asset Management boosted its position in Bunge by 58.1% in the third quarter. LSV Asset Management now owns 4,517,677 shares of the basic materials company’s stock worth $267,581,000 after buying an additional 1,660,645 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Bunge by 9.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 10,353,997 shares of the basic materials company’s stock worth $613,267,000 after buying an additional 865,585 shares in the last quarter. American Century Companies Inc. acquired a new position in Bunge during the first quarter worth approximately $55,314,000. Finally, Credit Agricole S A boosted its position in Bunge by 39.9% in the fourth quarter. Credit Agricole S A now owns 1,752,228 shares of the basic materials company’s stock worth $126,581,000 after buying an additional 499,904 shares in the last quarter. Institutional investors own 78.49% of the company’s stock.
Shares of Bunge Ltd (NYSE:BG) traded up 0.59% during trading on Friday, hitting $69.68. The company’s stock had a trading volume of 1,316,085 shares. The firm’s 50 day moving average price is $74.89 and its 200-day moving average price is $73.15. The company has a market cap of $9.78 billion, a PE ratio of 18.49 and a beta of 1.04. Bunge Ltd has a 52 week low of $56.69 and a 52 week high of $82.66.
Bunge (NYSE:BG) last released its earnings results on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.33. The company had revenue of $11.12 billion during the quarter, compared to the consensus estimate of $8.96 billion. Bunge had a return on equity of 10.38% and a net margin of 1.58%. Bunge’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.41 EPS. On average, analysts predict that Bunge Ltd will post $5.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, May 17th. Bunge’s payout ratio is currently 37.75%.
A number of research analysts have commented on the company. BMO Capital Markets restated a “buy” rating on shares of Bunge in a research note on Monday. Credit Suisse Group AG set a $80.00 price target on Bunge and gave the stock a “buy” rating in a research note on Thursday, May 4th. JPMorgan Chase & Co. upgraded Bunge from an “underweight” rating to a “neutral” rating and set a $70.00 price target on the stock in a research note on Thursday, May 4th. Stephens cut Bunge from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 3rd. Finally, Goldman Sachs Group Inc cut Bunge from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a research note on Monday, March 20th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $76.14.
In related news, CEO Soren Schroder sold 12,532 shares of the business’s stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $80.01, for a total transaction of $1,002,685.32. Following the completion of the sale, the chief executive officer now owns 69,140 shares of the company’s stock, valued at approximately $5,531,891.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David Kabbes sold 593 shares of the business’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $79.95, for a total transaction of $47,410.35. Following the sale, the insider now directly owns 5,507 shares of the company’s stock, valued at approximately $440,284.65. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by insiders.
Bunge 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.
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).
Receive News & Ratings for Bunge Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge Ltd and related companies with MarketBeat.com's FREE daily email newsletter.