Geode Capital Management LLC lessened its stake in shares of Bunge Ltd (NYSE:BG) by 16.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,275,135 shares of the basic materials company’s stock after selling 248,802 shares during the period. Geode Capital Management LLC’s holdings in Bunge were worth $85,489,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Bunge during the fourth quarter worth $101,000. Advisor Group Inc. boosted its holdings in shares of Bunge by 127.8% during the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 841 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Bunge during the fourth quarter worth $129,000. American International Group Inc. acquired a new stake in shares of Bunge during the fourth quarter worth $197,000. Finally, KCS Wealth Advisory acquired a new stake in shares of Bunge during the fourth quarter worth $200,000. Hedge funds and other institutional investors own 79.37% of the company’s stock.
Several equities research analysts have recently issued reports on BG shares. Stephens upgraded Bunge from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Piper Jaffray Companies restated a “buy” rating on shares of Bunge in a report on Thursday, February 15th. Credit Suisse Group reiterated a “buy” rating and issued a $84.00 target price on shares of Bunge in a report on Friday, February 16th. Finally, Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $85.86.
Bunge (NYSE:BG) last issued its earnings results on Wednesday, February 14th. The basic materials company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.81). Bunge had a net margin of 0.35% and a return on equity of 4.36%. The firm had revenue of $11.61 billion during the quarter, compared to analyst estimates of $12.57 billion. During the same quarter in the previous year, the business posted $1.70 EPS. Bunge’s revenue was down 1.6% compared to the same quarter last year. equities analysts forecast that Bunge Ltd will post 3.9 EPS for the current fiscal year.
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Bunge Company 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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