Harvest Capital Strategies LLC acquired a new stake in Bunge Ltd (NYSE:BG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,000 shares of the basic materials company’s stock, valued at approximately $3,488,000.
Several other hedge funds have also recently added to or reduced their stakes in BG. Fuller & Thaler Asset Management Inc. bought a new position in Bunge in the fourth quarter worth about $101,000. Advisor Group Inc. raised its holdings in Bunge by 127.8% in 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 in the last quarter. Cerebellum GP LLC bought a new position in Bunge in the fourth quarter worth about $129,000. American International Group Inc. bought a new position in Bunge in the fourth quarter worth about $197,000. Finally, KCS Wealth Advisory bought a new position in Bunge in the fourth quarter worth about $200,000. Hedge funds and other institutional investors own 79.37% of the company’s stock.
Bunge Ltd (NYSE BG) opened at $76.00 on Wednesday. Bunge Ltd has a fifty-two week low of $63.87 and a fifty-two week high of $83.75. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10,670.00, a PE ratio of 67.74, a PEG ratio of 1.62 and a beta of 1.13.
BG has been the subject of a number of recent research reports. Vertical Group upgraded shares of Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Credit Suisse Group set a $84.00 target price on shares of Bunge and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Stephens upgraded shares of Bunge from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 15th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Bunge in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $85.86.
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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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