CIBC Asset Management Inc Acquires 280 Shares of Bunge Ltd (BG)

CIBC Asset Management Inc lifted its holdings in shares of Bunge Ltd (NYSE:BG) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,421 shares of the basic materials company’s stock after purchasing an additional 280 shares during the period. CIBC Asset Management Inc’s holdings in Bunge were worth $503,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of BG. NumerixS Investment Technologies Inc acquired a new position in Bunge in the fourth quarter valued at $233,000. Precocity Capital LP lifted its holdings in Bunge by 28.3% in the fourth quarter. Precocity Capital LP now owns 301,500 shares of the basic materials company’s stock valued at $24,048,000 after buying an additional 66,500 shares during the period. Alambic Investment Management L.P. acquired a new position in Bunge in the fourth quarter valued at $620,000. Fiera Capital Corp lifted its holdings in Bunge by 8.0% in the fourth quarter. Fiera Capital Corp now owns 49,473 shares of the basic materials company’s stock valued at $2,644,000 after buying an additional 3,673 shares during the period. Finally, Northern Trust Corp lifted its holdings in Bunge by 1.3% in the fourth quarter. Northern Trust Corp now owns 2,160,978 shares of the basic materials company’s stock valued at $115,482,000 after buying an additional 27,350 shares during the period. Institutional investors own 81.50% of the company’s stock.

BG has been the topic of several recent analyst reports. ValuEngine lowered shares of Bunge from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Credit Suisse Group restated an “outperform” rating and issued a $77.00 target price on shares of Bunge in a report on Tuesday, January 15th. Citigroup dropped their target price on shares of Bunge from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, December 10th. Zacks Investment Research lowered shares of Bunge from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bunge in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $74.67.

Shares of NYSE BG opened at $52.86 on Friday. Bunge Ltd has a 1-year low of $48.89 and a 1-year high of $76.95. The stock has a market cap of $7.46 billion, a PE ratio of 19.43 and a beta of 0.93. The company has a current ratio of 1.54, a quick ratio of 0.72 and a debt-to-equity ratio of 0.74.

Bunge (NYSE:BG) last announced its quarterly earnings data on Thursday, February 21st. The basic materials company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.11). Bunge had a net margin of 0.58% and a return on equity of 6.79%. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.44 billion. During the same quarter in the prior year, the company posted $0.67 EPS. Bunge’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts anticipate that Bunge Ltd will post 2.79 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, May 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.78%. Bunge’s dividend payout ratio is currently 73.53%.

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Bunge Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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