Paloma Partners Management Co Boosts Stake in Bunge Limited (BG)

Paloma Partners Management Co raised its stake in Bunge Limited (NYSE:BG) by 284.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 45,877 shares of the basic materials company’s stock after buying an additional 33,948 shares during the period. Paloma Partners Management Co’s holdings in Bunge Limited were worth $3,636,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BG. Brown Advisory Inc. boosted its stake in shares of Bunge Limited by 0.7% in the fourth quarter. Brown Advisory Inc. now owns 4,732 shares of the basic materials company’s stock valued at $342,000 after buying an additional 34 shares in the last quarter. Probity Advisors Inc. boosted its stake in shares of Bunge Limited by 0.5% in the first quarter. Probity Advisors Inc. now owns 21,757 shares of the basic materials company’s stock valued at $1,724,000 after buying an additional 103 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of Bunge Limited by 1.8% in the first quarter. Great Lakes Advisors LLC now owns 6,934 shares of the basic materials company’s stock valued at $550,000 after buying an additional 120 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Bunge Limited by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,719 shares of the basic materials company’s stock valued at $276,000 after buying an additional 155 shares in the last quarter. Finally, Atria Investments LLC boosted its stake in shares of Bunge Limited by 6.3% in the first quarter. Atria Investments LLC now owns 3,428 shares of the basic materials company’s stock valued at $272,000 after buying an additional 202 shares in the last quarter. 80.34% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Bunge Limited (NYSE:BG)

Bunge Limited (NYSE:BG) traded down 1.98% during mid-day trading on Tuesday, hitting $76.26. 1,863,108 shares of the company were exchanged. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 20.24 and a beta of 1.01. The firm has a 50 day moving average price of $75.55 and a 200 day moving average price of $75.00. Bunge Limited has a 12 month low of $56.69 and a 12 month high of $83.75.

Bunge Limited (NYSE:BG) last released its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.33. The firm had revenue of $11.12 billion during the quarter, compared to analyst estimates of $8.96 billion. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The business’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 earnings per share. Analysts anticipate that Bunge Limited will post $5.23 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, August 18th. This is a positive change from Bunge Limited’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a yield of 2.41%. Bunge Limited’s payout ratio is 45.41%.

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Several brokerages have recently issued reports on BG. Credit Suisse Group increased their price target on shares of Bunge Limited from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Friday, June 9th. BidaskClub cut shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BMO Capital Markets set a $87.00 price target on shares of Bunge Limited and gave the stock a “buy” rating in a research report on Monday, June 12th. J P Morgan Chase & Co cut shares of Bunge Limited from a “neutral” rating to an “underweight” rating and set a $70.00 price target on the stock. in a research report on Thursday, April 6th. Finally, Stephens cut shares of Bunge Limited from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Bunge Limited presently has a consensus rating of “Hold” and a consensus price target of $79.71.

In related news, CEO Soren Schroder sold 12,532 shares of the business’s stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $80.01, for a total transaction of $1,002,685.32. Following the transaction, the chief executive officer now directly owns 69,140 shares of the company’s stock, valued at approximately $5,531,891.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Kabbes sold 593 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $79.95, for a total value of $47,410.35. Following the transaction, the insider now directly owns 5,507 shares in the company, valued at $440,284.65. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Bunge Limited 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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