Uncommon Cents Investing LLC Has $2.91 Million Holdings in Bunge Limited (NYSE:BG)

Uncommon Cents Investing LLC increased its stake in shares of Bunge Limited (NYSE:BGGet Rating) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,115 shares of the basic materials company’s stock after purchasing an additional 880 shares during the period. Bunge makes up approximately 1.2% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 24th largest holding. Uncommon Cents Investing LLC’s holdings in Bunge were worth $2,913,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BG. IFM Investors Pty Ltd grew its stake in Bunge by 6.8% in the second quarter. IFM Investors Pty Ltd now owns 23,954 shares of the basic materials company’s stock valued at $2,172,000 after acquiring an additional 1,528 shares during the period. Orion Portfolio Solutions LLC grew its stake in Bunge by 23.8% in the second quarter. Orion Portfolio Solutions LLC now owns 3,191 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 614 shares during the period. Spectrum Asset Management Inc. NB CA lifted its holdings in shares of Bunge by 7.3% in the second quarter. Spectrum Asset Management Inc. NB CA now owns 28,500 shares of the basic materials company’s stock valued at $2,585,000 after purchasing an additional 1,935 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Bunge by 1.1% in the second quarter. Private Advisor Group LLC now owns 29,486 shares of the basic materials company’s stock valued at $2,674,000 after purchasing an additional 328 shares in the last quarter. Finally, Sarasin & Partners LLP bought a new stake in shares of Bunge in the second quarter valued at about $5,895,000. 83.48% of the stock is owned by institutional investors and hedge funds.

Bunge Stock Performance

NYSE:BG traded down $4.52 on Friday, hitting $83.78. The company’s stock had a trading volume of 25,177 shares, compared to its average volume of 1,066,999. The company has a current ratio of 1.51, a quick ratio of 0.71 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average of $95.54 and a two-hundred day moving average of $103.79. The firm has a market capitalization of $12.73 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 1.06 and a beta of 0.55. Bunge Limited has a one year low of $77.51 and a one year high of $128.40.

Bunge (NYSE:BGGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The basic materials company reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.24 by ($0.27). The business had revenue of $17.93 billion during the quarter, compared to the consensus estimate of $18.64 billion. Bunge had a net margin of 2.73% and a return on equity of 27.43%. Bunge’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 EPS. Research analysts predict that Bunge Limited will post 12.65 earnings per share for the current year.

Bunge Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be given a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, November 17th. Bunge’s payout ratio is 21.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BG. Monness Crespi & Hardt began coverage on Bunge in a report on Wednesday, July 6th. They issued a “buy” rating and a $130.00 price target on the stock. TheStreet lowered Bunge from a “b” rating to a “c+” rating in a report on Wednesday, July 27th. Wolfe Research started coverage on Bunge in a report on Friday, August 12th. They issued an “outperform” rating and a $127.00 price target on the stock. StockNews.com lowered Bunge from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. upgraded Bunge from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $130.00 to $106.00 in a report on Thursday, July 7th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.67.

About Bunge

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Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. 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 processes oilseeds into vegetable oils and protein meals.

Further Reading

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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