Vivaldi Capital Management LLC Sells 7,315 Shares of Bunge Ltd (NYSE:BG)

Vivaldi Capital Management LLC lowered its position in Bunge Ltd (NYSE:BG) by 49.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,455 shares of the basic materials company’s stock after selling 7,315 shares during the period. Vivaldi Capital Management LLC’s holdings in Bunge were worth $415,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Bunge by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 1,306,178 shares of the basic materials company’s stock worth $69,752,000 after acquiring an additional 118,192 shares during the last quarter. Comerica Bank boosted its position in shares of Bunge by 4.0% during the first quarter. Comerica Bank now owns 8,458 shares of the basic materials company’s stock worth $448,000 after acquiring an additional 327 shares during the last quarter. Toronto Dominion Bank boosted its position in shares of Bunge by 33.7% during the first quarter. Toronto Dominion Bank now owns 25,402 shares of the basic materials company’s stock worth $1,348,000 after acquiring an additional 6,403 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Bunge by 7.0% during the first quarter. CIBC Asset Management Inc now owns 10,080 shares of the basic materials company’s stock worth $535,000 after acquiring an additional 659 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Bunge by 2.5% during the 1st quarter. New York State Common Retirement Fund now owns 320,207 shares of the basic materials company’s stock valued at $16,993,000 after purchasing an additional 7,800 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

BG has been the subject of several research reports. TheStreet raised shares of Bunge from a “c+” rating to a “b” rating in a report on Wednesday, July 31st. Zacks Investment Research lowered Bunge from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $71.50.

In other Bunge news, Director Grain Co Continental acquired 20,000 shares of the stock in a transaction on Thursday, August 29th. The stock was acquired at an average price of $52.27 per share, for a total transaction of $1,045,400.00. Following the completion of the transaction, the director now directly owns 3,931,155 shares of the company’s stock, valued at $205,481,471.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.18% of the stock is owned by company insiders.

Shares of NYSE BG traded down $0.19 during midday trading on Friday, reaching $55.96. 1,130,337 shares of the stock traded hands, compared to its average volume of 893,870. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.49 and a quick ratio of 0.70. The stock has a market capitalization of $8.07 billion, a PE ratio of 20.57 and a beta of 0.88. Bunge Ltd has a one year low of $47.26 and a one year high of $72.35. The company’s 50 day moving average is $55.26 and its 200 day moving average is $54.09.

Bunge (NYSE:BG) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $1.20. Bunge had a return on equity of 11.39% and a net margin of 1.30%. The firm had revenue of $10.10 billion during the quarter, compared to the consensus estimate of $12 billion. During the same period in the prior year, the company earned $0.10 EPS. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. As a group, equities analysts forecast that Bunge Ltd will post 3.62 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.57%. Bunge’s dividend payout ratio (DPR) is currently 73.53%.

Bunge Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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