Bunge Limited (BG) Shares Sold by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. trimmed its holdings in shares of Bunge Limited (NYSE:BG) by 12.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 711,420 shares of the basic materials company’s stock after selling 99,422 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.51% of Bunge worth $49,416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Aviance Capital Management LLC acquired a new position in Bunge during the second quarter worth about $101,000. Advisor Group Inc. grew its holdings in Bunge by 127.8% during the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 841 shares during the period. Creative Planning grew its holdings in Bunge by 99.0% during the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 822 shares during the period. Toronto Dominion Bank grew its holdings in Bunge by 12.3% during the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 188 shares during the period. Finally, Advisory Services Network LLC grew its holdings in Bunge by 559.2% during the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 1,946 shares during the period. 79.86% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Citigroup lowered Bunge from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a report on Thursday, September 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $87.00 target price on shares of Bunge in a report on Monday, November 6th. Credit Suisse Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Bunge in a report on Friday, September 15th. Finally, Piper Jaffray Companies set a $86.00 target price on Bunge and gave the stock a “buy” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $81.86.

Bunge Limited (NYSE:BG) opened at $68.33 on Thursday. The firm has a market capitalization of $9,288.61, a PE ratio of 22.24, a P/E/G ratio of 1.86 and a beta of 1.05. Bunge Limited has a 12 month low of $63.87 and a 12 month high of $83.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82.

Bunge (NYSE:BG) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.04). The company had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. Bunge had a return on equity of 6.68% and a net margin of 1.06%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. analysts expect that Bunge Limited will post 2.97 earnings per share for the current fiscal year.

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About Bunge

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 (NYSE:BG)

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