Credit Suisse AG grew its position in shares of Bunge Limited (NYSE:BG – Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,644 shares of the basic materials company’s stock after buying an additional 3,664 shares during the quarter. Credit Suisse AG owned 0.28% of Bunge worth $40,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raleigh Capital Management Inc. lifted its holdings in shares of Bunge by 200.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 282 shares of the basic materials company’s stock valued at $28,000 after buying an additional 188 shares during the period. Sugarloaf Wealth Management LLC purchased a new stake in shares of Bunge in the 1st quarter worth $31,000. Pinnacle Holdings LLC purchased a new stake in shares of Bunge in the 1st quarter worth $36,000. Spire Wealth Management increased its stake in shares of Bunge by 242.1% in the 1st quarter. Spire Wealth Management now owns 431 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 305 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Bunge by 236.3% in the 4th 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 in the last quarter. 84.60% of the stock is owned by institutional investors.
Analysts Set New Price Targets
BG has been the subject of several analyst reports. 51job restated an “initiates” rating on shares of Bunge in a research note on Thursday, June 22nd. BMO Capital Markets upped their price objective on Bunge from $120.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. StockNews.com initiated coverage on Bunge in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Robert W. Baird reduced their price objective on Bunge from $115.00 to $110.00 in a research note on Wednesday, June 14th. Finally, Morgan Stanley increased their price target on Bunge from $105.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Bunge presently has an average rating of “Moderate Buy” and a consensus price target of $128.29.
Insider Transactions at Bunge
In related news, insider Christos Dimopoulos sold 20,000 shares of Bunge stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $111.89, for a total value of $2,237,800.00. Following the completion of the transaction, the insider now owns 73,291 shares in the company, valued at $8,200,529.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.
Bunge Price Performance
NYSE:BG opened at $113.00 on Tuesday. Bunge Limited has a 52 week low of $80.41 and a 52 week high of $116.59. The company has a quick ratio of 1.01, a current ratio of 2.07 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $103.35 and its two-hundred day simple moving average is $97.61. The stock has a market cap of $17.02 billion, a PE ratio of 8.73 and a beta of 0.67.
Bunge (NYSE:BG – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $1.03. Bunge had a return on equity of 20.12% and a net margin of 3.09%. The firm had revenue of $15.05 billion for the quarter, compared to analysts’ expectations of $16.35 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The business’s revenue was down 16.1% compared to the same quarter last year. As a group, analysts forecast that Bunge Limited will post 12.22 EPS for the current fiscal year.
Bunge Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.6625 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.65 annualized dividend and a dividend yield of 2.35%. Bunge’s dividend payout ratio (DPR) is 20.48%.
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.
Featured Stories
- Five stocks we like better than Bunge
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Nordstrom: 3 Reasons the Pre-Earnings Dip Is an Opportunity
- There Are Different Types of Stock To Invest In
- Is Now the Time to Buy these 3 Most Downgraded Stocks?
- What is a Secondary Public Offering? What Investors Need to Know
- 3 Semiconductor Stocks At Risk From China’s Economic Slowdown
Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Limited (NYSE:BG – Free Report).
Receive News & Ratings for Bunge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge and related companies with MarketBeat.com's FREE daily email newsletter.
