Candriam Luxembourg S.C.A. decreased its holdings in shares of Bunge Limited (NYSE:BG) by 30.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,133 shares of the basic materials company’s stock after selling 4,000 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Bunge Limited were worth $634,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. York Capital Management Global Advisors LLC purchased a new position in Bunge Limited during the second quarter worth about $136,703,000. Vanguard Group Inc. lifted its position in shares of Bunge Limited by 9.3% during the second quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock worth $1,077,980,000 after purchasing an additional 1,224,073 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Bunge Limited by 87.5% during the second quarter. Wells Fargo & Company MN now owns 783,708 shares of the basic materials company’s stock worth $58,465,000 after purchasing an additional 365,772 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Bunge Limited by 52.5% during 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 purchasing an additional 279,307 shares in the last quarter. Finally, Fairpointe Capital LLC lifted its position in shares of Bunge Limited by 28.6% during the second quarter. Fairpointe Capital LLC now owns 892,032 shares of the basic materials company’s stock worth $66,546,000 after purchasing an additional 198,551 shares in the last quarter. 78.70% of the stock is owned by institutional investors and hedge funds.
Bunge Limited (NYSE:BG) opened at $65.50 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $9,210.00, a P/E ratio of 22.05, a P/E/G ratio of 1.84 and a beta of 1.06. Bunge Limited has a 52-week low of $63.87 and a 52-week high of $83.75.
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Several brokerages recently weighed in on BG. Zacks Investment Research raised shares of Bunge Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Citigroup Inc. cut Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Thursday, September 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $87.00 target price on shares of Bunge Limited in a research report on Monday, November 6th. Credit Suisse Group reissued a “buy” rating and set a $90.00 price target on shares of Bunge Limited in a research report on Friday, September 15th. Finally, Piper Jaffray Companies set a $86.00 price target on Bunge Limited and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $81.86.
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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