Neville Rodie & Shaw Inc. trimmed its position in Bunge Limited (NYSE:BG) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,535 shares of the basic materials company’s stock after selling 2,400 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Bunge Limited were worth $2,398,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Aviance Capital Management LLC acquired a new stake in shares of Bunge Limited in the 2nd quarter valued at approximately $101,000. Creative Planning raised its position in shares of Bunge Limited by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 822 shares during the period. Toronto Dominion Bank raised its position in shares of Bunge Limited by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after acquiring an additional 188 shares during the period. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Bunge Limited in the 1st quarter valued at approximately $160,000. Finally, Advisory Services Network LLC raised its holdings in Bunge Limited by 559.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after buying an additional 1,946 shares during the period. Institutional investors and hedge funds own 80.37% of the company’s stock.
Bunge Limited (NYSE BG) traded down 0.3429% during midday trading on Friday, hitting $69.7201. The stock had a trading volume of 278,469 shares. The stock has a market cap of $9.80 billion, a P/E ratio of 19.9314 and a beta of 1.01. The company has a 50-day moving average price of $71.10 and a 200-day moving average price of $75.05. Bunge Limited has a 52 week low of $60.81 and a 52 week high of $83.75.
Bunge Limited (NYSE:BG) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The business had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that Bunge Limited will post $3.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.63%. Bunge Limited’s payout ratio is 53.64%.
Several brokerages have commented on BG. Piper Jaffray Companies set a $86.00 target price on shares of Bunge Limited and gave the stock a “buy” rating in a report on Thursday, August 3rd. Citigroup Inc. cut shares of Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a research note on Thursday, September 28th. JPMorgan Chase & Co. cut shares of Bunge Limited to a “neutral – underweight” rating and set a $70.00 price target for the company. in a research note on Tuesday, July 4th. Zacks Investment Research raised shares of Bunge Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Robert W. Baird started coverage on shares of Bunge Limited in a research note on Monday, September 11th. They set a “neutral” rating and a $77.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.86.
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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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