Kalos Management Inc. increased its holdings in Bunge Limited (NYSE:BG) by 9.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,829 shares of the basic materials company’s stock after buying an additional 488 shares during the period. Kalos Management Inc.’s holdings in Bunge Limited were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of BG. Aviance Capital Management LLC bought a new position in Bunge Limited in the second quarter worth approximately $101,000. Creative Planning raised its stake in Bunge Limited by 99.0% in the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after buying an additional 822 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Bunge Limited during the first quarter worth $160,000. Janney Montgomery Scott LLC acquired a new position in shares of Bunge Limited during the second quarter worth $200,000. Finally, Private Bank & Trust Co. acquired a new position in shares of Bunge Limited during the second quarter worth $210,000. 80.34% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on BG shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 price target on shares of Bunge Limited in a research report on Friday, July 21st. Credit Suisse Group set a $90.00 price target on Bunge Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Citigroup Inc. reduced their price target on Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, July 12th. Zacks Investment Research raised Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $81.86.
In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of Bunge Limited stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.00, for a total transaction of $210,880.00. Following the sale, the insider now directly owns 20,214 shares in the company, valued at approximately $1,617,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.
Shares of Bunge Limited (NYSE:BG) traded down 0.362% during trading on Thursday, hitting $67.495. The stock had a trading volume of 285,176 shares. Bunge Limited has a one year low of $58.49 and a one year high of $83.75. The stock’s 50 day moving average price is $72.26 and its 200-day moving average price is $75.64. The stock has a market cap of $9.49 billion, a P/E ratio of 19.295 and a beta of 1.01.
Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $10.88 billion. During the same period last year, the business earned $0.79 EPS. Bunge Limited’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts expect that Bunge Limited will post $3.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.72%. Bunge Limited’s dividend payout ratio is currently 53.64%.
Bunge Limited 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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