Principal Financial Group Inc. increased its stake in Bunge Limited (NYSE:BG) by 28.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,827 shares of the basic materials company’s stock after purchasing an additional 4,654 shares during the quarter. Principal Financial Group Inc.’s holdings in Bunge were worth $1,447,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BG. IndexIQ Advisors LLC raised its holdings in Bunge by 413.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 16,631 shares of the basic materials company’s stock valued at $1,155,000 after acquiring an additional 13,389 shares during the period. State of Wisconsin Investment Board raised its holdings in Bunge by 9.0% during the 3rd quarter. State of Wisconsin Investment Board now owns 135,164 shares of the basic materials company’s stock valued at $9,388,000 after acquiring an additional 11,208 shares during the period. Stevens Capital Management LP raised its holdings in Bunge by 899.4% during the 3rd quarter. Stevens Capital Management LP now owns 34,238 shares of the basic materials company’s stock valued at $2,378,000 after acquiring an additional 30,812 shares during the period. Polaris Greystone Financial Group LLC raised its holdings in Bunge by 27.5% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 25,828 shares of the basic materials company’s stock valued at $1,794,000 after acquiring an additional 5,575 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its holdings in Bunge by 0.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 214,721 shares of the basic materials company’s stock valued at $14,915,000 after acquiring an additional 1,320 shares during the period. 79.86% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on BG. Zacks Investment Research upgraded shares of Bunge from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Citigroup lowered shares of Bunge from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a research report on Thursday, September 28th. BMO Capital Markets restated a “buy” rating and set a $87.00 price target on shares of Bunge in a research report on Monday, November 6th. Credit Suisse Group restated a “buy” rating and set a $90.00 price target on shares of Bunge in a research report on Friday, September 15th. Finally, Piper Jaffray Companies set a $86.00 price target on shares of Bunge and gave the company a “buy” rating in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Bunge has an average rating of “Hold” and a consensus price target of $81.86.

Bunge Limited (BG) opened at $68.68 on Wednesday. The company has a market cap of $9,796.21, a price-to-earnings ratio of 23.46, a PEG ratio of 1.96 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Bunge Limited has a 1 year low of $63.87 and a 1 year high of $83.75.

Bunge (NYSE:BG) last announced its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.04). Bunge had a return on equity of 6.68% and a net margin of 1.06%. The company had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. sell-side analysts anticipate that Bunge Limited will post 2.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a $0.46 dividend. The ex-dividend date is Thursday, February 15th. This represents a $1.84 annualized dividend and a yield of 2.68%. Bunge’s dividend payout ratio (DPR) is presently 57.68%.

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Bunge 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.

Institutional Ownership by Quarter for Bunge (NYSE:BG)

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