Vident Investment Advisory LLC increased its holdings in Bunge Ltd (NYSE:BG) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,731 shares of the basic materials company’s stock after purchasing an additional 1,954 shares during the quarter. Vident Investment Advisory LLC’s holdings in Bunge were worth $1,515,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Arrowgrass Capital Partners US LP purchased a new position in Bunge in the 2nd quarter worth $10,606,000. Point72 Hong Kong Ltd increased its position in shares of Bunge by 172.2% in the second quarter. Point72 Hong Kong Ltd now owns 4,856 shares of the basic materials company’s stock valued at $339,000 after acquiring an additional 3,072 shares during the period. Game Creek Capital LP increased its position in shares of Bunge by 43.3% in the second quarter. Game Creek Capital LP now owns 10,750 shares of the basic materials company’s stock valued at $749,000 after acquiring an additional 3,250 shares during the period. Bank of America Corp DE increased its position in shares of Bunge by 37.5% in the second quarter. Bank of America Corp DE now owns 238,099 shares of the basic materials company’s stock valued at $16,597,000 after acquiring an additional 64,928 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Bunge by 1.3% in the second quarter. Van ECK Associates Corp now owns 905,508 shares of the basic materials company’s stock valued at $63,123,000 after acquiring an additional 11,382 shares during the period. Institutional investors own 80.53% of the company’s stock.
A number of equities analysts have issued reports on BG shares. ValuEngine upgraded shares of Bunge from a “sell” rating to a “hold” rating in a research report on Wednesday, June 13th. JPMorgan Chase & Co. upgraded shares of Bunge to a “buy” rating and set a $82.00 price objective on the stock in a research report on Monday, July 9th. Zacks Investment Research cut shares of Bunge from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Credit Suisse Group decreased their price objective on shares of Bunge from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, August 2nd. Finally, Citigroup decreased their price objective on shares of Bunge from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Bunge presently has an average rating of “Buy” and a consensus target price of $81.14.
Shares of BG opened at $64.24 on Monday. The stock has a market cap of $8.95 billion, a PE ratio of 33.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 1.49. Bunge Ltd has a 1-year low of $61.28 and a 1-year high of $83.20.
Bunge (NYSE:BG) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.94). The firm had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $12.03 billion. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. research analysts expect that Bunge Ltd will post 5.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 19th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Friday, November 16th. Bunge’s payout ratio is 103.09%.
Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grain, such as wheat and corn; and vegetable oils and protein meals.
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