IFM Investors Pty Ltd purchased a new position in Bunge Limited (NYSE:BG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,027 shares of the basic materials company’s stock, valued at approximately $280,000.
Several other large investors also recently modified their holdings of the company. IndexIQ Advisors LLC increased its holdings in shares of Bunge by 0.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 3,242 shares of the basic materials company’s stock worth $242,000 after buying an additional 27 shares during the last quarter. Bank of Hawaii grew its holdings in shares of Bunge by 1.0% during the 2nd quarter. Bank of Hawaii now owns 13,189 shares of the basic materials company’s stock valued at $984,000 after purchasing an additional 129 shares during the last quarter. Suntrust Banks Inc. grew its holdings in shares of Bunge by 3.8% during the 2nd quarter. Suntrust Banks Inc. now owns 4,537 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 166 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Bunge by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 188 shares during the last quarter. Finally, Greenwood Gearhart Inc. grew its holdings in shares of Bunge by 0.8% during the 2nd quarter. Greenwood Gearhart Inc. now owns 48,173 shares of the basic materials company’s stock valued at $3,594,000 after purchasing an additional 390 shares during the last quarter. 79.86% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on BG shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $86.00 target price on shares of Bunge in a report on Tuesday, September 5th. TheStreet lowered shares of Bunge from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. Vertical Group lowered shares of Bunge from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Robert W. Baird started coverage on shares of Bunge in a report on Monday, September 11th. They set a “neutral” rating and a $77.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Bunge from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have given 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 price target of $81.86.
Bunge (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). The firm had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.87 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. equities research analysts expect that Bunge Limited will post 2.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.84 annualized dividend and a yield of 2.72%. Bunge’s payout ratio is currently 57.68%.
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.
Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Limited (NYSE:BG).
What are top analysts saying about Bunge? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bunge and related companies.