Mitsubishi UFJ Trust & Banking Corp Trims Stake in Bunge Limited (BG)
Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Bunge Limited (NYSE:BG) by 0.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,794 shares of the basic materials company’s stock after selling 1,097 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Bunge worth $19,504,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Aviance Capital Management LLC acquired a new stake in shares of Bunge during the second quarter worth about $101,000. Advisor Group Inc. lifted its position in shares of Bunge by 127.8% during the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 841 shares in the last quarter. Creative Planning lifted its position in shares of Bunge by 99.0% during the second quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 822 shares in the last quarter. Toronto Dominion Bank raised its holdings in Bunge by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after acquiring an additional 188 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Bunge by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after acquiring an additional 1,946 shares in the last quarter. 79.86% of the stock is currently owned by institutional investors and hedge funds.
BG has been the topic of several analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $86.00 target price on shares of Bunge in a report on Tuesday, September 5th. Robert W. Baird initiated coverage on shares of Bunge in a report on Monday, September 11th. They issued a “neutral” rating and a $77.00 target price on the stock. Vertical Group cut shares of Bunge from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Credit Suisse Group reaffirmed a “buy” rating and issued a $90.00 target price on shares of Bunge in a report on Friday, September 15th. Finally, Zacks Investment Research cut shares of Bunge from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Bunge presently has an average rating of “Hold” and an average price target of $81.86.
Bunge Limited (BG) opened at $69.79 on Friday. The company has a market cap of $9,731.53, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.05. Bunge Limited has a one year low of $63.87 and a one year high of $83.75. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60.
Bunge (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). The company had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 earnings per share. equities research analysts anticipate that Bunge Limited will post 2.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.64%. Bunge’s dividend payout ratio is currently 57.68%.
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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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