Capital Analysts LLC grew its holdings in shares of Bunge Limited (NYSE:BG – Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,707 shares of the basic materials company’s stock after buying an additional 2,182 shares during the period. Capital Analysts LLC owned 0.05% of Bunge worth $7,423,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its position in Bunge by 200.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 282 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 188 shares during the last quarter. Sugarloaf Wealth Management LLC acquired a new position in Bunge during the first quarter worth $31,000. Riverview Trust Co lifted its position in shares of Bunge by 73.3% in the fourth quarter. Riverview Trust Co now owns 338 shares of the basic materials company’s stock worth $34,000 after buying an additional 143 shares during the last quarter. Pinnacle Holdings LLC acquired a new position in shares of Bunge during the 1st quarter valued at about $36,000. Finally, EverSource Wealth Advisors LLC boosted its position in Bunge by 236.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 639 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 449 shares during the period. Institutional investors own 84.60% of the company’s stock.
Wall Street Analyst Weigh In
BG has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Bunge from $120.00 to $105.00 and set an “equal weight” rating for the company in a report on Thursday, April 13th. Roth Mkm started coverage on Bunge in a report on Thursday, June 22nd. They set a “buy” rating and a $138.00 price objective for the company. Barclays lowered their target price on shares of Bunge from $125.00 to $121.00 in a report on Thursday, June 1st. 51job reaffirmed an “initiates” rating on shares of Bunge in a research note on Thursday, June 22nd. Finally, StockNews.com started coverage on Bunge in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.00.
Bunge Stock Performance
Shares of BG traded up $4.47 during midday trading on Wednesday, reaching $112.89. The stock had a trading volume of 2,941,962 shares, compared to its average volume of 1,532,119. The firm has a market cap of $17.00 billion, a PE ratio of 11.30 and a beta of 0.67. The firm has a 50 day simple moving average of $97.71 and a 200-day simple moving average of $96.17. Bunge Limited has a one year low of $80.41 and a one year high of $116.00. The company has a current ratio of 1.83, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40.
Bunge (NYSE:BG – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $3.72 EPS for the quarter, topping the consensus estimate of $2.69 by $1.03. Bunge had a net margin of 2.33% and a return on equity of 20.13%. The company had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.35 billion. During the same period last year, the firm earned $2.97 earnings per share. The business’s revenue for the quarter was down 16.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Bunge Limited will post 11.6 EPS for the current year.
Bunge Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.6625 dividend. This is a boost from Bunge’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, August 17th. This represents a $2.65 annualized dividend and a dividend yield of 2.35%. Bunge’s dividend payout ratio is presently 24.53%.
Bunge Company Profile
Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. 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 comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.