Edmond DE Rothschild Holding S.A. Maintains Holdings in Bunge Limited (BG)
Edmond DE Rothschild Holding S.A. maintained its stake in Bunge Limited (NYSE:BG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,925 shares of the basic materials company’s stock at the close of the second quarter. Edmond DE Rothschild Holding S.A.’s holdings in Bunge Limited were worth $740,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. increased its position in Bunge Limited by 54.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 509,263 shares of the basic materials company’s stock worth $37,990,000 after buying an additional 180,374 shares during the period. TIAA CREF Investment Management LLC increased its position in Bunge Limited by 15.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,092,286 shares of the basic materials company’s stock worth $81,485,000 after buying an additional 146,806 shares during the period. Teachers Advisors LLC increased its position in Bunge Limited by 5.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,085,769 shares of the basic materials company’s stock worth $80,998,000 after buying an additional 56,527 shares during the period. Riverhead Capital Management LLC increased its position in Bunge Limited by 49.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 76,969 shares of the basic materials company’s stock worth $5,742,000 after buying an additional 25,341 shares during the period. Finally, Martingale Asset Management L P increased its position in Bunge Limited by 6.7% in the 2nd quarter. Martingale Asset Management L P now owns 449,936 shares of the basic materials company’s stock worth $33,567,000 after buying an additional 28,414 shares during the period. 80.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bunge Limited (NYSE BG) opened at 72.53 on Monday. The stock’s 50 day moving average price is $75.78 and its 200 day moving average price is $77.06. The firm has a market cap of $10.20 billion, a price-to-earnings ratio of 20.73 and a beta of 1.04. Bunge Limited has a one year low of $58.19 and a one year high of $83.75.
Bunge Limited (NYSE:BG) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.07. The company had revenue of $11.65 billion for the quarter, compared to analyst estimates of $10.88 billion. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. On average, equities analysts anticipate that Bunge Limited will post $3.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.54%. Bunge Limited’s dividend payout ratio (DPR) is currently 53.64%.
Several research analysts have commented on BG shares. Credit Suisse Group set a $90.00 price target on Bunge Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $86.00 price target on shares of Bunge Limited in a research report on Tuesday, September 5th. Zacks Investment Research downgraded Bunge Limited from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 20th. BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Vertical Group downgraded Bunge Limited from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.71.
In other news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $80.00, for a total transaction of $210,880.00. Following the transaction, the insider now owns 20,214 shares in the company, valued at $1,617,120. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.
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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 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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