State of Alaska Department of Revenue lowered its position in Bunge Limited (NYSE:BG) by 52.9% during the second quarter, Holdings Channel reports. The firm owned 8,956 shares of the basic materials company’s stock after selling 10,057 shares during the period. State of Alaska Department of Revenue’s holdings in Bunge Limited were worth $668,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. DnB Asset Management AS increased its position in Bunge Limited by 1.7% in the first quarter. DnB Asset Management AS now owns 414,253 shares of the basic materials company’s stock valued at $32,834,000 after buying an additional 7,100 shares during the last quarter. CGOV Asset Management increased its position in Bunge Limited by 11.7% in the first quarter. CGOV Asset Management now owns 18,650 shares of the basic materials company’s stock valued at $1,969,000 after buying an additional 1,950 shares during the last quarter. Americafirst Capital Management LLC increased its position in Bunge Limited by 655.2% in the first quarter. Americafirst Capital Management LLC now owns 23,594 shares of the basic materials company’s stock valued at $1,870,000 after buying an additional 20,470 shares during the last quarter. Fox Run Management L.L.C. increased its position in Bunge Limited by 78.0% in the first quarter. Fox Run Management L.L.C. now owns 14,600 shares of the basic materials company’s stock valued at $1,157,000 after buying an additional 6,400 shares during the last quarter. Finally, Atria Investments LLC increased its position in Bunge Limited by 6.3% in the first quarter. Atria Investments LLC now owns 3,428 shares of the basic materials company’s stock valued at $272,000 after buying an additional 202 shares during the last quarter. 80.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Bunge Limited (BG) opened at 78.69 on Thursday. Bunge Limited has a 1-year low of $58.19 and a 1-year high of $83.75. The company has a market capitalization of $11.05 billion, a PE ratio of 20.88 and a beta of 1.01. The firm’s 50-day moving average price is $77.32 and its 200 day moving average price is $75.65.

Bunge Limited (NYSE:BG) last released its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by $0.33. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The firm had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $8.96 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. Equities analysts predict that Bunge Limited will post $4.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.46 per share. This is an increase from Bunge Limited’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, August 18th. Bunge Limited’s payout ratio is currently 45.41%.

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A number of equities research analysts recently issued reports on the company. J P Morgan Chase & Co downgraded Bunge Limited from a “neutral” rating to an “underweight” rating and set a $70.00 price target on the stock. in a research report on Thursday, April 6th. Stephens downgraded Bunge Limited from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 3rd. BMO Capital Markets reissued a “buy” rating on shares of Bunge Limited in a research report on Friday, May 5th. Credit Suisse Group set a $80.00 price target on Bunge Limited and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $83.67.

About Bunge Limited

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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Institutional Ownership by Quarter for Bunge Limited (NYSE:BG)

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