Parkside Investments LLC Reduces Stake in Bunge Limited (NYSE:BG)

Parkside Investments LLC decreased its position in Bunge Limited (NYSE:BG) by 3.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,565 shares of the basic materials company’s stock after selling 875 shares during the period. Parkside Investments LLC’s holdings in Bunge Limited were worth $2,131,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Bunge Limited by 21.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,301 shares of the basic materials company’s stock worth $6,363,000 after buying an additional 15,000 shares in the last quarter. Advisors Asset Management Inc. raised its position in Bunge Limited by 27.6% in the second quarter. Advisors Asset Management Inc. now owns 31,759 shares of the basic materials company’s stock worth $2,369,000 after buying an additional 6,874 shares in the last quarter. Convergence Investment Partners LLC raised its position in Bunge Limited by 114.1% in the second quarter. Convergence Investment Partners LLC now owns 49,779 shares of the basic materials company’s stock worth $3,714,000 after buying an additional 26,524 shares in the last quarter. Teacher Retirement System of Texas raised its position in Bunge Limited by 4.5% in the second quarter. Teacher Retirement System of Texas now owns 243,513 shares of the basic materials company’s stock worth $18,166,000 after buying an additional 10,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Bunge Limited by 52.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 810,842 shares of the basic materials company’s stock worth $60,489,000 after buying an additional 279,307 shares in the last quarter. Institutional investors own 80.44% of the company’s stock.

Bunge Limited (BG) opened at 77.27 on Monday. Bunge Limited has a 12-month low of $58.19 and a 12-month high of $83.75. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 22.09 and a beta of 1.02. The firm has a 50-day moving average of $77.27 and a 200 day moving average of $76.56.

Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The firm had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $10.88 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Bunge Limited will post $3.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s dividend payout ratio (DPR) is 48.98%.

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A number of equities analysts recently commented on the stock. BidaskClub lowered shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Piper Jaffray Companies set a $86.00 price target on shares of Bunge Limited and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Credit Suisse Group set a $90.00 price target on shares of Bunge Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. lowered their price target on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $84.83.

In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the transaction, the insider now directly owns 20,214 shares in the company, valued at $1,617,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

About Bunge Limited

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

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