Catalyst Capital Advisors LLC grew its stake in Bunge Limited (NYSE:BG) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,550 shares of the basic materials company’s stock after purchasing an additional 1,450 shares during the period. Catalyst Capital Advisors LLC’s holdings in Bunge Limited were worth $1,358,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Aviance Capital Management LLC acquired a new stake in shares of Bunge Limited in the 2nd quarter valued at approximately $101,000. Advisor Group Inc. boosted its stake in shares of Bunge Limited by 127.8% in the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 841 shares in the last quarter. Creative Planning boosted its stake in shares of Bunge Limited by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 822 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Bunge Limited by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 188 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Bunge Limited by 559.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 1,946 shares in the last quarter. Institutional investors own 78.70% of the company’s stock.
BG has been the subject of a number of research reports. Piper Jaffray Companies set a $86.00 price objective on shares of Bunge Limited and gave the company a “buy” rating in a report on Thursday, August 3rd. Citigroup Inc. lowered shares of 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. BMO Capital Markets reiterated a “buy” rating and issued a $87.00 price objective on shares of Bunge Limited in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Bunge Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, TheStreet lowered shares of Bunge Limited from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $81.86.
Bunge Limited (NYSE:BG) last released 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 firm had revenue of $11.42 billion for the quarter, compared to the consensus estimate of $11.87 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. equities research analysts expect that Bunge Limited will post 2.97 EPS for the current fiscal year.
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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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