American National Bank boosted its stake in Bunge Limited (NYSE:BG) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,166 shares of the basic materials company’s stock after purchasing an additional 3,067 shares during the period. American National Bank’s holdings in Bunge were worth $2,896,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Bank of Hawaii lifted its holdings in shares of Bunge by 1.0% during the second quarter. Bank of Hawaii now owns 13,189 shares of the basic materials company’s stock valued at $984,000 after purchasing an additional 129 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of Bunge by 3.8% during the second quarter. Suntrust Banks Inc. now owns 4,537 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 166 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Bunge by 12.3% during the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 188 shares in the last quarter. Greenwood Gearhart Inc. lifted its holdings in shares of Bunge by 0.8% during the second quarter. Greenwood Gearhart Inc. now owns 48,173 shares of the basic materials company’s stock valued at $3,594,000 after purchasing an additional 390 shares in the last quarter. Finally, Kalos Management Inc. lifted its holdings in shares of Bunge by 9.1% during the second quarter. Kalos Management Inc. now owns 5,829 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 488 shares in the last quarter. 79.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bunge Limited (NYSE:BG) traded down $0.24 during trading on Thursday, reaching $69.39. The company had a trading volume of 924,300 shares, compared to its average volume of 1,263,557. Bunge Limited has a 52 week low of $63.87 and a 52 week high of $83.75. The company has a market capitalization of $9,840.00, a price-to-earnings ratio of 21.22, a PEG ratio of 1.28 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60.
Bunge (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). Bunge had a net margin of 1.06% and a return on equity of 6.68%. The firm had revenue of $11.42 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same period in the previous year, the company posted $0.73 earnings per share. Bunge’s quarterly revenue was up .0% on a year-over-year basis. sell-side analysts predict that Bunge Limited will post 2.95 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a $0.46 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.65%. Bunge’s payout ratio is 56.27%.
A number of analysts recently commented on BG shares. TheStreet cut Bunge from a “b-” rating to a “c+” rating in a research report on Tuesday, October 10th. Robert W. Baird reiterated a “hold” rating and set a $77.00 price objective on shares of Bunge in a research report on Friday, October 13th. Zacks Investment Research cut Bunge from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th. Piper Jaffray Companies set a $86.00 price target on Bunge and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Credit Suisse Group restated a “buy” rating and issued a $90.00 price target on shares of Bunge in a research report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Bunge currently has a consensus rating of “Hold” and a consensus target price of $81.86.
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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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