KBC Group NV grew its position in Bunge Limited (NYSE:BG) by 36.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,194 shares of the basic materials company’s stock after purchasing an additional 21,359 shares during the quarter. KBC Group NV’s holdings in Bunge were worth $6,357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BG. Jeppson Wealth Management LLC purchased a new position in shares of Bunge in the 3rd quarter valued at $27,000. NEXT Financial Group Inc grew its position in shares of Bunge by 352.2% in the 4th quarter. NEXT Financial Group Inc now owns 407 shares of the basic materials company’s stock valued at $27,000 after buying an additional 317 shares during the last quarter. Rosenberg Matthew Hamilton purchased a new position in shares of Bunge in the 4th quarter valued at $50,000. Kempen Capital Management N.V. purchased a new position in shares of Bunge in the 4th quarter valued at $70,000. Finally, Captrust Financial Advisors purchased a new position in shares of Bunge in the 4th quarter valued at $73,000. 77.44% of the stock is currently owned by hedge funds and other institutional investors.

BG stock opened at $85.83 on Tuesday. Bunge Limited has a one year low of $32.68 and a one year high of $88.84. The stock has a market capitalization of $12.03 billion, a PE ratio of 25.47 and a beta of 0.76. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.79 and a current ratio of 1.51. The company has a fifty day moving average of $80.79 and a 200-day moving average of $69.96.

Bunge (NYSE:BG) last released its earnings results on Tuesday, February 9th. The basic materials company reported $3.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.82 by $1.23. Bunge had a net margin of 1.34% and a return on equity of 19.81%. The company had revenue of $12.61 billion during the quarter, compared to analysts’ expectations of $10.92 billion. During the same quarter last year, the business earned $1.27 EPS. The business’s revenue was up 16.9% on a year-over-year basis. Equities analysts forecast that Bunge Limited will post 6.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Investors of record on Wednesday, May 19th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, May 18th. Bunge’s dividend payout ratio (DPR) is 43.67%.

A number of research analysts recently commented on the stock. Bank of America assumed coverage on shares of Bunge in a research report on Tuesday, April 27th. They issued a “neutral” rating and a $88.00 target price on the stock. TheStreet raised shares of Bunge from a “c+” rating to a “b” rating in a research report on Wednesday, February 10th. Credit Suisse Group raised their price objective on shares of Bunge from $72.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, February 11th. Finally, Barclays raised their price objective on shares of Bunge from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 11th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Bunge presently has a consensus rating of “Buy” and a consensus price target of $71.63.

In related news, insider Raul Padilla sold 1,100 shares of the firm’s stock in a transaction dated Wednesday, February 17th. The shares were sold at an average price of $78.56, for a total value of $86,416.00. Following the completion of the sale, the insider now owns 100,946 shares in the company, valued at $7,930,317.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernardo Hees bought 6,400 shares of the business’s stock in a transaction on Tuesday, March 2nd. The shares were acquired at an average price of $79.32 per share, with a total value of $507,648.00. Following the transaction, the director now owns 5,075 shares of the company’s stock, valued at approximately $402,549. The disclosure for this purchase can be found here. Insiders sold 283,331 shares of company stock valued at $22,743,707 in the last quarter. Company insiders own 3.67% of the company’s stock.

About Bunge

Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Fertilizer, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

Read More: Momentum Indicators

Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Limited (NYSE:BG).

Institutional Ownership by Quarter for Bunge (NYSE:BG)

Receive News & Ratings for Bunge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bunge and related companies with MarketBeat.com's FREE daily email newsletter.