GSA Capital Partners LLP Has $1.62 Million Holdings in Bunge Limited (BG)
GSA Capital Partners LLP reduced its stake in Bunge Limited (NYSE:BG) by 38.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,691 shares of the basic materials company’s stock after selling 13,322 shares during the quarter. GSA Capital Partners LLP’s holdings in Bunge Limited were worth $1,618,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Creative Planning grew its holdings in Bunge Limited by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock valued at $123,000 after buying an additional 822 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Bunge Limited in the 1st quarter valued at $160,000. Janney Montgomery Scott LLC purchased a new stake in Bunge Limited in the 2nd quarter valued at $200,000. Private Bank & Trust Co. purchased a new stake in Bunge Limited in the 2nd quarter valued at $210,000. Finally, HighTower Advisors LLC purchased a new stake in Bunge Limited in the 1st quarter valued at $235,000. Institutional investors own 80.34% of the company’s stock.
Bunge Limited (NYSE:BG) opened at 71.28 on Friday. The stock has a market capitalization of $10.02 billion, a PE ratio of 20.38 and a beta of 1.04. The stock’s 50 day moving average price is $75.41 and its 200-day moving average price is $76.87. Bunge Limited has a 12-month low of $58.19 and a 12-month high of $83.75.
Bunge Limited (NYSE:BG) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The firm had revenue of $11.65 billion during 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 business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share. Analysts expect that Bunge Limited will post $3.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a yield of 2.58%. Bunge Limited’s payout ratio is currently 53.64%.
Several analysts have issued reports on BG shares. Credit Suisse Group set a $90.00 target price on Bunge Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. Piper Jaffray Companies restated a “buy” rating and issued a $86.00 target price on shares of Bunge Limited in a report on Tuesday, September 5th. Zacks Investment Research cut Bunge Limited from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 20th. BidaskClub cut Bunge Limited from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Vertical Group cut Bunge Limited from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $83.71.
In related news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the transaction, the insider now directly owns 20,214 shares in the company, valued at $1,617,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
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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