Capital Innovations LLC Purchases New Holdings in Bunge Limited (BG)

Capital Innovations LLC purchased a new stake in Bunge Limited (NYSE:BG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,360 shares of the basic materials company’s stock, valued at approximately $325,000.

A number of other institutional investors have also recently bought and sold shares of BG. BlackRock Inc. boosted its holdings in Bunge Limited by 1,532.8% in the first quarter. BlackRock Inc. now owns 7,991,765 shares of the basic materials company’s stock valued at $633,427,000 after acquiring an additional 7,502,326 shares during the last quarter. York Capital Management Global Advisors LLC acquired a new stake in shares of Bunge Limited during the second quarter worth about $136,703,000. Vanguard Group Inc. raised its position in shares of Bunge Limited by 9.3% during the second quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock worth $1,077,980,000 after purchasing an additional 1,224,073 shares during the period. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Bunge Limited during the second quarter worth about $86,883,000. Finally, AQR Capital Management LLC raised its position in shares of 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. Institutional investors and hedge funds own 80.34% of the company’s stock.

In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

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A number of equities research analysts recently issued reports on BG shares. Credit Suisse Group set a $90.00 target price on Bunge Limited and gave the company a “buy” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised Bunge Limited from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $86.00 price target on shares of Bunge Limited in a research report on Tuesday, September 5th. BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Vertical Group downgraded Bunge Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $81.86.

Shares of Bunge Limited (BG) traded up 1.0586% during midday trading on Tuesday, hitting $67.8912. The company had a trading volume of 442,557 shares. The company has a market capitalization of $9.55 billion, a P/E ratio of 19.4086 and a beta of 1.01. The firm’s 50 day moving average is $72.70 and its 200 day moving average is $75.78. Bunge Limited has a 52 week low of $58.49 and a 52 week high of $83.75.

Bunge Limited (NYSE:BG) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The business had revenue of $11.65 billion for 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 business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS. Equities research analysts anticipate that Bunge Limited will post $3.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a $0.46 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.74%. Bunge Limited’s dividend payout ratio is currently 53.64%.

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.

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

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