Fiduciary Trust Co. Cuts Stake in Bunge Limited (BG)

Fiduciary Trust Co. lessened its position in shares of Bunge Limited (NYSE:BG) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,370 shares of the basic materials company’s stock after selling 1,194 shares during the quarter. Fiduciary Trust Co.’s holdings in Bunge Limited were worth $929,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aviance Capital Management LLC acquired a new position in shares of Bunge Limited during the second quarter valued at $101,000. Creative Planning lifted its stake in shares of Bunge Limited by 99.0% during 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 lifted its stake in shares of Bunge Limited by 12.3% during the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after acquiring an additional 188 shares during the period. Advisory Services Network LLC lifted its stake in shares of Bunge Limited by 559.2% during the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 1,946 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bunge Limited during the second quarter valued at $200,000. 79.55% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms recently commented on BG. Zacks Investment Research downgraded Bunge Limited from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. TheStreet downgraded Bunge Limited from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. BMO Capital Markets reiterated a “buy” rating and issued a $87.00 price objective on shares of Bunge Limited in a report on Monday. Piper Jaffray Companies reiterated a “buy” rating and issued a $84.00 price objective on shares of Bunge Limited in a report on Friday, July 21st. Finally, Citigroup Inc. downgraded Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a report on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $81.86.

Shares of Bunge Limited (NYSE BG) opened at $67.60 on Friday. Bunge Limited has a fifty-two week low of $63.96 and a fifty-two week high of $83.75. The stock has a market capitalization of $9,510.00, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60.

Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.04). Bunge Limited had a return on equity of 6.68% and a net margin of 1.06%. The business had revenue of $11.42 billion during the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. sell-side analysts predict that Bunge Limited will post 3.24 EPS for the current fiscal year.

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

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