Robeco Institutional Asset Management B.V. raised its holdings in shares of Bunge Limited (NYSE:BG) by 28.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,100 shares of the basic materials company’s stock after acquiring an additional 23,050 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Bunge Limited worth $7,841,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BG. Vanguard Group Inc. boosted its position in Bunge Limited by 9.0% during the first quarter. Vanguard Group Inc. now owns 13,226,070 shares of the basic materials company’s stock worth $1,048,298,000 after purchasing an additional 1,095,696 shares during the period. BlackRock Inc. boosted its position in Bunge Limited by 1,532.8% during the first quarter. BlackRock Inc. now owns 7,991,765 shares of the basic materials company’s stock worth $633,427,000 after purchasing an additional 7,502,326 shares during the period. State Street Corp boosted its position in Bunge Limited by 3.5% during the first quarter. State Street Corp now owns 4,235,969 shares of the basic materials company’s stock worth $335,753,000 after purchasing an additional 141,597 shares during the period. Dimensional Fund Advisors LP boosted its position in Bunge Limited by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,083,893 shares of the basic materials company’s stock worth $165,173,000 after purchasing an additional 30,536 shares during the period. Finally, AQR Capital Management LLC boosted its position in Bunge Limited by 101.8% during the first quarter. AQR Capital Management LLC now owns 2,026,586 shares of the basic materials company’s stock worth $160,627,000 after purchasing an additional 1,022,468 shares during the period. 80.36% of the stock is currently owned by institutional investors.
In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of Bunge Limited stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the transaction, the insider now directly owns 20,214 shares of the company’s stock, valued at approximately $1,617,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.
A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 target price on shares of Bunge Limited in a research report on Friday, July 21st. BidaskClub lowered Bunge Limited from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. BMO Capital Markets set a $87.00 price target on Bunge Limited and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, Citigroup Inc. cut their price target on Bunge Limited from $94.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $83.71.
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Shares of Bunge Limited (NYSE:BG) traded down 0.41% on Friday, hitting $72.53. The company had a trading volume of 1,728,982 shares. The firm has a 50-day moving average price of $75.78 and a 200 day moving average price of $77.06. The company has a market capitalization of $10.20 billion, a P/E ratio of 20.73 and a beta of 1.04. Bunge Limited has a 12-month low of $58.19 and a 12-month high of $83.75.
Bunge Limited (NYSE:BG) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The business had revenue of $11.65 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $0.79 EPS. Equities analysts expect that Bunge Limited will post $3.94 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.54%. Bunge Limited’s dividend payout ratio is presently 53.64%.
About Bunge Limited
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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