24,376 Shares in Bunge Ltd (BG) Purchased by Chartwell Investment Partners LLC
Chartwell Investment Partners LLC acquired a new position in Bunge Ltd (NYSE:BG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,376 shares of the basic materials company’s stock, valued at approximately $1,635,000.
Several other institutional investors also recently bought and sold shares of the stock. Toronto Dominion Bank lifted its stake in shares of Bunge by 12.3% in the second quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 188 shares during the period. Advisor Group Inc. lifted its stake in shares of Bunge by 127.8% in the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after acquiring an additional 841 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Bunge by 3.3% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 27,669 shares of the basic materials company’s stock worth $1,856,000 after acquiring an additional 893 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Bunge by 13.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,824 shares of the basic materials company’s stock worth $584,000 after acquiring an additional 925 shares during the period. Finally, Global X MANAGEMENT CO LLC lifted its stake in shares of Bunge by 19.6% in the third quarter. Global X MANAGEMENT CO LLC now owns 6,229 shares of the basic materials company’s stock worth $433,000 after acquiring an additional 1,019 shares during the period. 76.99% of the stock is currently owned by institutional investors.
Several equities analysts have issued reports on BG shares. BMO Capital Markets reissued a “buy” rating and issued a $87.00 price target on shares of Bunge in a research note on Monday, November 6th. Vertical Group raised Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Credit Suisse Group set a $84.00 price target on Bunge and gave the company a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research raised Bunge from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, Stephens raised Bunge from an “equal weight” rating to an “overweight” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Bunge has a consensus rating of “Hold” and a consensus target price of $81.00.
Bunge (NYSE:BG) last issued its quarterly earnings results on Wednesday, February 14th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.81). The business had revenue of $11.61 billion during the quarter, compared to analyst estimates of $12.57 billion. Bunge had a net margin of 0.35% and a return on equity of 4.32%. Bunge’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. equities research analysts anticipate that Bunge Ltd will post 4.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.84 annualized dividend and a dividend yield of 2.42%. Bunge’s dividend payout ratio is 206.74%.
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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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