American National Bank Acquires 3,067 Shares of Bunge Limited (NYSE:BG)

American National Bank increased its stake in Bunge Limited (NYSE:BG) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,166 shares of the basic materials company’s stock after buying 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.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Bunge by 9.3% during the second quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock valued at $1,077,980,000 after buying an additional 1,224,073 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bunge by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,201,141 shares of the basic materials company’s stock valued at $152,892,000 after purchasing an additional 42,428 shares during the period. York Capital Management Global Advisors LLC bought a new position in Bunge during the second quarter valued at approximately $136,703,000. TIAA CREF Investment Management LLC raised its position in Bunge by 15.5% in the second quarter. TIAA CREF Investment Management LLC now owns 1,092,286 shares of the basic materials company’s stock worth $81,485,000 after acquiring an additional 146,806 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Bunge by 5.5% during the 2nd quarter. Teachers Advisors LLC now owns 1,085,769 shares of the basic materials company’s stock valued at $80,998,000 after purchasing an additional 56,527 shares during the period. Institutional investors and hedge funds own 79.72% of the company’s stock.

Several equities analysts recently weighed in on BG shares. Robert W. Baird reaffirmed a “hold” rating and set a $77.00 target price on shares of Bunge in a research note on Friday, October 13th. Citigroup cut shares of Bunge from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Thursday, September 28th. Zacks Investment Research cut shares of Bunge from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th. Piper Jaffray Companies set a $86.00 price objective on shares of Bunge and gave the company a “buy” rating in a report on Friday, October 6th. Finally, TheStreet lowered shares of Bunge from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $81.86.

Shares of Bunge Limited (NYSE:BG) traded down $0.83 during trading on Thursday, hitting $69.64. 615,010 shares of the stock were exchanged, compared to its average volume of 1,290,000. 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 Limited has a 52-week low of $63.87 and a 52-week high of $83.75. The stock has a market cap of $9,790.00, a P/E ratio of 21.30, a P/E/G ratio of 1.28 and a beta of 1.05.

Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). Bunge had a return on equity of 6.68% and a net margin of 1.06%. The firm had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the previous year, the firm earned $0.73 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. equities research analysts expect that Bunge Limited will post 2.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, February 15th. Bunge’s dividend payout ratio is presently 56.27%.

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About Bunge

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.

Institutional Ownership by Quarter for Bunge (NYSE:BG)

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