Managed Asset Portfolios LLC Has $10,427,000 Stake in Bunge Limited (BG)
Managed Asset Portfolios LLC increased its stake in Bunge Limited (NYSE:BG) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,333 shares of the company’s stock after buying an additional 6,150 shares during the period. Bunge Limited comprises approximately 4.1% of Managed Asset Portfolios LLC’s portfolio, making the stock its 12th largest position. Managed Asset Portfolios LLC owned about 0.10% of Bunge Limited worth $10,427,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Bunge Limited during the fourth quarter valued at approximately $144,000. FNY Managed Accounts LLC bought a new position in Bunge Limited during the third quarter valued at approximately $130,000. Gideon Capital Advisors Inc. bought a new position in Bunge Limited during the fourth quarter valued at approximately $290,000. Stephens Inc. AR raised its position in Bunge Limited by 6.2% in the third quarter. Stephens Inc. AR now owns 4,070 shares of the company’s stock valued at $241,000 after buying an additional 237 shares in the last quarter. Finally, Gould Asset Management LLC CA bought a new position in Bunge Limited during the fourth quarter valued at approximately $295,000. Institutional investors and hedge funds own 78.49% of the company’s stock.
Shares of Bunge Limited (NYSE:BG) traded up 0.31% during mid-day trading on Thursday, hitting $75.37. The company had a trading volume of 2,161,689 shares. The firm has a 50-day moving average of $69.76 and a 200-day moving average of $66.11. The company has a market cap of $10.51 billion, a PE ratio of 16.77 and a beta of 1.04. Bunge Limited has a 12 month low of $48.74 and a 12 month high of $76.53.
Bunge Limited (NYSE:BG) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.14. Bunge Limited had a return on equity of 10.38% and a net margin of 1.58%. The business had revenue of $12.06 billion for the quarter, compared to the consensus estimate of $11.43 billion. During the same period in the prior year, the business earned $1.49 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. On average, analysts expect that Bunge Limited will post $4.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 2.23%. Bunge Limited’s dividend payout ratio is currently 37.75%.
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Several research firms have recently commented on BG. Piper Jaffray Companies set a $82.00 price target on Bunge Limited and gave the stock a “buy” rating in a report on Wednesday, December 14th. Zacks Investment Research upgraded Bunge Limited from a “sell” rating to a “hold” rating in a report on Monday, November 7th. Finally, TheStreet upgraded Bunge Limited from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Bunge Limited presently has an average rating of “Buy” and an average price target of $72.86.
Bunge Limited Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company is an oilseed processor and producer of vegetable oils and protein meals; grain processor; seller of packaged vegetable oils across the world; producer and seller of wheat flours and bakery mixes, dry milled corn products and milled rice products, and producer of sugar and ethanol in Brazil, and global trader and merchandiser of sugar.
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