O Brien Greene & Co. Inc Takes $250,000 Position in Bunge Limited (NYSE:BG)

O Brien Greene & Co. Inc bought a new position in shares of Bunge Limited (NYSE:BG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,150 shares of the basic materials company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Bunge by 7.1% in the 1st quarter. BlackRock Inc. now owns 9,936,122 shares of the basic materials company’s stock valued at $787,637,000 after acquiring an additional 656,296 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bunge by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,176,457 shares of the basic materials company’s stock valued at $208,310,000 after buying an additional 14,866 shares in the last quarter. Northern Trust Corp lifted its position in shares of Bunge by 0.7% during the 4th quarter. Northern Trust Corp now owns 1,701,758 shares of the basic materials company’s stock valued at $111,602,000 after acquiring an additional 12,333 shares during the last quarter. Norges Bank bought a new stake in shares of Bunge during the 4th quarter worth $92,182,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Bunge by 2.6% in the 4th quarter. Janus Henderson Group PLC now owns 1,136,397 shares of the basic materials company’s stock worth $74,525,000 after acquiring an additional 29,182 shares during the last quarter. Hedge funds and other institutional investors own 81.07% of the company’s stock.

Shares of BG stock traded down $2.16 during trading on Friday, hitting $85.37. 15,612 shares of the company were exchanged, compared to its average volume of 1,332,182. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.52 and a quick ratio of 0.76. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 6.01 and a beta of 0.69. The business’s 50-day moving average is $85.69. Bunge Limited has a twelve month low of $37.82 and a twelve month high of $92.38.

Bunge (NYSE:BG) last released its earnings results on Monday, May 3rd. The basic materials company reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $1.58. Bunge had a net margin of 4.75% and a return on equity of 35.47%. The company had revenue of $12.96 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 41.3% compared to the same quarter last year. On average, equities analysts predict that Bunge Limited will post 7.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 2nd. Investors of record on Thursday, August 19th will be given a dividend of $0.525 per share. This is a boost from Bunge’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, August 18th. This represents a $2.10 dividend on an annualized basis and a yield of 2.46%. Bunge’s dividend payout ratio (DPR) is presently 24.10%.

A number of equities analysts recently weighed in on the company. Credit Suisse Group increased their price target on Bunge from $84.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, May 5th. Barclays lifted their target price on shares of Bunge from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, May 6th. Bank of America assumed coverage on shares of Bunge in a research report on Wednesday, April 21st. They issued a “neutral” rating and a $88.00 price target for the company. Finally, Morgan Stanley raised their price objective on shares of Bunge from $72.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday, May 10th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $81.86.

In other Bunge news, Director Paul J. Fribourg sold 155,700 shares of Bunge stock in a transaction that occurred on Thursday, June 3rd. The shares were sold at an average price of $88.53, for a total value of $13,784,121.00. Following the completion of the sale, the director now directly owns 9,327 shares in the company, valued at $825,719.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul J. Fribourg sold 155,650 shares of the business’s stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $89.04, for a total transaction of $13,859,076.00. Following the completion of the sale, the director now directly owns 9,327 shares of the company’s stock, valued at $830,476.08. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Fertilizer, and Sugar and Bioenergy. 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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