Bunge Limited (BG) Stake Lessened by DnB Asset Management AS

DnB Asset Management AS trimmed its position in shares of Bunge Limited (NYSE:BG) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 434,253 shares of the basic materials company’s stock after selling 43,800 shares during the quarter. DnB Asset Management AS’s holdings in Bunge were worth $29,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently 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. lifted its holdings in shares of Bunge by 127.8% in the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 841 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Bunge by 12.3% in the second 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 in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Bunge by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Bluefin Trading LLC purchased a new stake in shares of Bunge in the second quarter valued at about $280,000. Institutional investors own 79.71% of the company’s stock.

Bunge Limited (NYSE:BG) opened at $68.83 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60. The stock has a market cap of $9,790.00, a P/E ratio of 21.05, a P/E/G ratio of 1.28 and a beta of 1.05. Bunge Limited has a one year low of $63.87 and a one year high of $83.75.

Bunge (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the 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 business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. research analysts forecast that Bunge Limited will post 2.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Thursday, February 15th. Bunge’s dividend payout ratio (DPR) is 56.27%.

Several analysts have issued reports on BG shares. TheStreet downgraded shares of Bunge from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. Vertical Group downgraded shares of Bunge from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $77.00 price target on shares of Bunge in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Bunge from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Finally, Piper Jaffray Companies set a $86.00 price target on shares of Bunge and gave the company a “buy” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Bunge currently has an average rating of “Hold” and an average price target of $81.86.

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Bunge 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 (NYSE:BG)

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