Cohen & Steers Inc. raised its stake in shares of Bunge Limited (NYSE:BG) by 74.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 108,630 shares of the basic materials company’s stock after purchasing an additional 46,423 shares during the quarter. Cohen & Steers Inc. owned 0.08% of Bunge worth $7,545,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Aviance Capital Management LLC bought a new stake in Bunge in the second quarter valued at about $101,000. Advisor Group Inc. increased its stake in 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 acquiring an additional 841 shares during the period. Creative Planning increased its stake in Bunge by 99.0% in the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after acquiring an additional 822 shares during the period. Toronto Dominion Bank grew its stake in Bunge by 12.3% during the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after buying an additional 188 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in Bunge by 559.2% during the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after buying an additional 1,946 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.
BG has been the topic of a number of research reports. Vertical Group upgraded shares of Bunge from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. BMO Capital Markets reiterated a “buy” rating and set a $87.00 target price on shares of Bunge in a research report on Monday, November 6th. Piper Jaffray Companies set a $86.00 target price on shares of Bunge and gave the stock a “buy” rating in a research report on Friday, October 6th. Credit Suisse Group restated a “buy” rating and issued a $90.00 price objective on shares of Bunge in a report on Friday, September 15th. Finally, TheStreet lowered shares of Bunge from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. 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. The company currently has an average rating of “Hold” and a consensus price target of $81.86.
Shares of Bunge Limited (BG) traded up $0.91 during mid-day trading on Tuesday, hitting $67.99. 944,513 shares of the stock traded hands, compared to its average volume of 877,850. The company has a market capitalization of $9,560.00, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. Bunge Limited has a 52 week low of $63.87 and a 52 week high of $83.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82.
Bunge (NYSE:BG) last released its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). The business had revenue of $11.42 billion during the quarter, compared to the consensus estimate of $11.87 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. sell-side analysts predict that Bunge Limited will post 2.95 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 paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, February 15th. Bunge’s dividend payout ratio is currently 56.27%.
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Bunge Company 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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