Foster & Motley Inc. lessened its stake in shares of Bunge Ltd (NYSE:BG) by 37.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,445 shares of the basic materials company’s stock after selling 18,971 shares during the period. Foster & Motley Inc.’s holdings in Bunge were worth $2,109,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Aviance Capital Management LLC bought a new position in shares of Bunge in the 2nd quarter valued at $101,000. Advisor Group Inc. increased its stake in shares of Bunge by 127.8% in the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 841 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Bunge 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 purchasing an additional 188 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of Bunge by 559.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 1,946 shares in the last quarter. Finally, KCS Wealth Advisory acquired a new stake in shares of Bunge during the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 77.29% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Credit Suisse Group set a $84.00 target price on Bunge and gave the stock a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $87.00 target price on shares of Bunge in a report on Monday, November 6th. Finally, Vertical Group raised Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Bunge presently has a consensus rating of “Hold” and an average price target of $81.00.
Shares of Bunge Ltd (NYSE BG) traded down $4.45 during trading on Wednesday, reaching $75.06. The company had a trading volume of 5,586,431 shares, compared to its average volume of 2,143,527. Bunge Ltd has a twelve month low of $63.87 and a twelve month high of $83.75. The company has a market cap of $10,710.00, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82.
Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 14th. The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.81). The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $12.57 billion. Bunge had a return on equity of 6.68% and a net margin of 1.06%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 earnings per share. sell-side analysts predict that Bunge Ltd will post 2.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, February 15th. Bunge’s dividend payout ratio is currently 56.27%.
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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.
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