Probity Advisors Inc. Reduces Position in Bunge Limited (BG)

Probity Advisors Inc. decreased its position in Bunge Limited (NYSE:BG) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,756 shares of the basic materials company’s stock after selling 1 shares during the period. Probity Advisors Inc.’s holdings in Bunge Limited were worth $1,623,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MUFG Americas Holdings Corp raised its position in shares of Bunge Limited by 115.7% in the first quarter. MUFG Americas Holdings Corp now owns 1,361 shares of the basic materials company’s stock worth $108,000 after buying an additional 730 shares during the period. Toronto Dominion Bank raised its position in shares of Bunge Limited by 26.3% in the first quarter. Toronto Dominion Bank now owns 1,526 shares of the basic materials company’s stock worth $121,000 after buying an additional 318 shares during the period. Creative Planning raised its position in shares of Bunge Limited by 99.0% in the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after buying an additional 822 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in shares of Bunge Limited during the first quarter worth $160,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Bunge Limited during the second quarter worth $200,000. Hedge funds and other institutional investors own 80.44% of the company’s stock.

Bunge Limited (NYSE:BG) opened at 74.95 on Friday. Bunge Limited has a 12-month low of $58.19 and a 12-month high of $83.75. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 21.43 and a beta of 1.02. The company’s 50 day moving average is $77.55 and its 200 day moving average is $76.84.

Bunge Limited (NYSE:BG) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The company had revenue of $11.65 billion during the quarter, compared to the consensus estimate of $10.88 billion. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts anticipate that Bunge Limited will post $3.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s dividend payout ratio is currently 48.98%.

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A number of equities analysts have weighed in on BG shares. BMO Capital Markets reiterated a “buy” rating on shares of Bunge Limited in a report on Monday, May 15th. Credit Suisse Group set a $80.00 price target on shares of Bunge Limited and gave the company a “buy” rating in a report on Thursday, May 4th. Citigroup Inc. decreased their price target on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, July 12th. Piper Jaffray Companies set a $79.00 price target on shares of Bunge Limited and gave the company a “buy” rating in a report on Friday, July 14th. Finally, Stephens lowered shares of Bunge Limited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $84.83.

In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.00, for a total transaction of $210,880.00. Following the completion of the sale, the insider now directly owns 20,214 shares of the company’s stock, valued at approximately $1,617,120. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by corporate insiders.

Bunge Limited Company Profile

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.

Institutional Ownership by Quarter for Bunge Limited (NYSE:BG)

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