Parametric Portfolio Associates LLC Raises Stake in Bunge Ltd (NYSE:BG)

Parametric Portfolio Associates LLC grew its position in Bunge Ltd (NYSE:BG) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 633,553 shares of the basic materials company’s stock after purchasing an additional 7,631 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Bunge were worth $35,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jolley Asset Management LLC increased its stake in Bunge by 2.2% in the 3rd quarter. Jolley Asset Management LLC now owns 9,285 shares of the basic materials company’s stock worth $526,000 after buying an additional 200 shares in the last quarter. BB&T Securities LLC raised its stake in Bunge by 1.7% during the 3rd quarter. BB&T Securities LLC now owns 13,355 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 228 shares during the period. M&T Bank Corp lifted its holdings in Bunge by 2.8% in the 2nd quarter. M&T Bank Corp now owns 8,407 shares of the basic materials company’s stock worth $469,000 after purchasing an additional 229 shares in the last quarter. Comerica Bank lifted its holdings in Bunge by 3.0% in the 2nd quarter. Comerica Bank now owns 8,709 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 251 shares in the last quarter. Finally, O Shares Investment Advisers LLC boosted its stake in Bunge by 6.2% in the 2nd quarter. O Shares Investment Advisers LLC now owns 4,365 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

In other news, insider Jerry Matthews Simmons, Jr. sold 1,786 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $54.65, for a total transaction of $97,604.90. Following the completion of the transaction, the insider now directly owns 11,323 shares in the company, valued at approximately $618,801.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.18% of the stock is owned by corporate insiders.

A number of brokerages have issued reports on BG. ValuEngine lowered shares of Bunge from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TheStreet downgraded shares of Bunge from a “b-” rating to a “c-” rating in a report on Wednesday, October 30th. Credit Suisse Group restated a “buy” rating on shares of Bunge in a research report on Monday, November 4th. Zacks Investment Research upgraded shares of Bunge from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Stephens began coverage on shares of Bunge in a research note on Tuesday, October 8th. They set an “overweight” rating and a $74.00 target price for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.00.

NYSE:BG opened at $53.54 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.73 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $7.56 billion, a P/E ratio of 15.84 and a beta of 0.86. Bunge Ltd has a 12 month low of $47.26 and a 12 month high of $62.92. The business’s 50-day moving average is $54.94 and its 200 day moving average is $55.29.

Bunge (NYSE:BG) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.87. Bunge had a positive return on equity of 9.31% and a negative net margin of 3.09%. The business had revenue of $10.32 billion during the quarter, compared to analysts’ expectations of $11.14 billion. During the same quarter last year, the business posted $2.52 EPS. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts forecast that Bunge Ltd will post 2.95 earnings per share for the current year.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates in 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 grains primarily wheat and corn; and vegetable oils and protein meals.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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