Versor Investments LP lessened its holdings in Bunge Limited (NYSE:BG – Get Rating) by 81.6% in the first quarter, Holdings Channel reports. The firm owned 2,010 shares of the basic materials company’s stock after selling 8,919 shares during the period. Versor Investments LP’s holdings in Bunge were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Paragon Capital Management Ltd increased its position in shares of Bunge by 3.4% during the 1st quarter. Paragon Capital Management Ltd now owns 2,528 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 84 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Bunge by 17.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 680 shares of the basic materials company’s stock valued at $63,000 after purchasing an additional 100 shares during the last quarter. Commerce Bank increased its position in shares of Bunge by 3.3% during the 4th quarter. Commerce Bank now owns 3,493 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 112 shares during the last quarter. Gladius Capital Management LP grew its position in Bunge by 7.1% during the 1st quarter. Gladius Capital Management LP now owns 1,715 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 113 shares during the last quarter. Finally, B. Riley Wealth Management Inc. grew its position in Bunge by 3.7% during the 4th quarter. B. Riley Wealth Management Inc. now owns 3,356 shares of the basic materials company’s stock worth $313,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 86.11% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. StockNews.com lowered Bunge from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays reduced their price target on Bunge from $135.00 to $125.00 and set a “maintains” rating on the stock in a research report on Thursday. Monness Crespi & Hardt assumed coverage on Bunge in a research report on Wednesday, July 6th. They set a “buy” rating and a $130.00 price target on the stock. Credit Suisse Group reduced their price target on Bunge from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, June 24th. Finally, Bank of America upgraded Bunge from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $140.00 to $135.00 in a research report on Thursday, June 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.38.
Bunge Trading Up 3.4 %
BG opened at $92.33 on Monday. The stock has a market cap of $14.01 billion, a PE ratio of 7.30, a PEG ratio of 1.10 and a beta of 0.62. The company has a quick ratio of 0.71, a current ratio of 1.51 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $98.42 and a 200-day moving average of $104.76. Bunge Limited has a 52 week low of $73.15 and a 52 week high of $128.40.
Bunge (NYSE:BG – Get Rating) last released its earnings results on Wednesday, July 27th. The basic materials company reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.24 by ($0.27). The firm had revenue of $17.93 billion during the quarter, compared to analysts’ expectations of $18.64 billion. Bunge had a net margin of 3.07% and a return on equity of 28.87%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. Equities research analysts predict that Bunge Limited will post 13 earnings per share for the current fiscal year.
Bunge Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Friday, August 19th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Thursday, August 18th. This is a boost from Bunge’s previous quarterly dividend of $0.53. Bunge’s dividend payout ratio (DPR) is presently 16.60%.
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.
Receive News & Ratings for Bunge Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Bunge and related companies with MarketBeat.com’s FREE daily email newsletter.