First Quadrant L P CA Buys Shares of 340 Bunge Limited (NYSE:BG)


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First Quadrant L P CA bought a new stake in Bunge Limited (NYSE:BG) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 340 shares of the basic materials company’s stock, valued at approximately $27,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Treasurer of the State of North Carolina grew its stake in Bunge by 0.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,971 shares of the basic materials company’s stock valued at $3,408,000 after purchasing an additional 180 shares during the period. Bennicas & Associates Inc. grew its stake in Bunge by 0.6% in the 4th quarter. Bennicas & Associates Inc. now owns 31,000 shares of the basic materials company’s stock valued at $2,033,000 after purchasing an additional 200 shares during the period. Wetherby Asset Management Inc. grew its stake in Bunge by 4.0% in the 3rd quarter. Wetherby Asset Management Inc. now owns 5,427 shares of the basic materials company’s stock valued at $248,000 after purchasing an additional 207 shares during the period. Nikko Asset Management Americas Inc. grew its stake in shares of Bunge by 1.0% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 27,247 shares of the basic materials company’s stock worth $1,787,000 after acquiring an additional 272 shares during the period. Finally, Glenmede Trust Co. NA grew its stake in shares of Bunge by 7.0% during the 4th quarter. Glenmede Trust Co. NA now owns 4,326 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 283 shares during the period. Hedge funds and other institutional investors own 77.44% of the company’s stock.

In other news, Director Paul J. Fribourg sold 223,676 shares of the business’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $81.10, for a total value of $18,140,123.60. Following the completion of the transaction, the director now owns 7,723 shares in the company, valued at $626,335.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernardo Hees purchased 6,400 shares of the firm’s stock in a transaction dated Tuesday, March 2nd. The stock was acquired at an average price of $79.32 per share, with a total value of $507,648.00. Following the purchase, the director now directly owns 5,075 shares of the company’s stock, valued at $402,549. The disclosure for this purchase can be found here. Insiders have sold 283,331 shares of company stock valued at $22,743,707 in the last quarter. 3.67% of the stock is owned by company insiders.

Shares of NYSE:BG opened at $85.83 on Tuesday. The stock has a fifty day simple moving average of $80.79 and a two-hundred day simple moving average of $69.96. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 25.47 and a beta of 0.76. Bunge Limited has a 12-month low of $32.68 and a 12-month high of $88.84. The company has a current ratio of 1.51, a quick ratio of 0.79 and a debt-to-equity ratio of 0.93.

Bunge (NYSE:BG) last announced its quarterly earnings data on Tuesday, February 9th. The basic materials company reported $3.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.82 by $1.23. The business had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.92 billion. Bunge had a return on equity of 19.81% and a net margin of 1.34%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 earnings per share. As a group, equities research analysts predict that Bunge Limited will post 6.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Shareholders of record on Wednesday, May 19th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Tuesday, May 18th. Bunge’s payout ratio is 43.67%.

Several research analysts have recently weighed in on the company. Credit Suisse Group increased their price target on Bunge from $72.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, February 11th. TheStreet raised Bunge from a “c+” rating to a “b” rating in a report on Wednesday, February 10th. Barclays increased their price objective on Bunge from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 11th. Finally, Bank of America initiated coverage on Bunge in a report on Tuesday, April 27th. They issued a “neutral” rating and a $88.00 price target on the stock. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Bunge has a consensus rating of “Buy” and an average price target of $71.63.

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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