APG Asset Management N.V. reduced its position in shares of Bunge Limited (NYSE:BG) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,072,020 shares of the basic materials company’s stock after selling 22,900 shares during the period. APG Asset Management N.V.’s holdings in Bunge Limited were worth $154,573,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in BG. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new stake in shares of Bunge Limited during the second quarter worth $1,099,000. First Quadrant L P CA increased its stake in shares of Bunge Limited by 20.1% in the second quarter. First Quadrant L P CA now owns 335,069 shares of the basic materials company’s stock worth $24,996,000 after buying an additional 56,039 shares in the last quarter. Marathon Asset Management LLP increased its stake in shares of Bunge Limited by 51.4% in the second quarter. Marathon Asset Management LLP now owns 858,219 shares of the basic materials company’s stock worth $64,023,000 after buying an additional 291,231 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new stake in shares of Bunge Limited during the second quarter worth $86,883,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Bunge Limited by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 69,544 shares of the basic materials company’s stock worth $5,188,000 after buying an additional 800 shares in the last quarter. 81.83% of the stock is currently owned by institutional investors and hedge funds.
Bunge Limited (NYSE BG) traded up 0.06% on Monday, hitting $79.68. 196,167 shares of the company’s stock traded hands. The stock has a market cap of $11.19 billion, a P/E ratio of 21.15 and a beta of 1.01. Bunge Limited has a 12 month low of $58.19 and a 12 month high of $83.75. The stock has a 50 day moving average price of $77.31 and a 200-day moving average price of $75.68.
Bunge Limited (NYSE:BG) last released its quarterly earnings results on Wednesday, May 3rd. The basic materials company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.33. Bunge Limited had a net margin of 1.23% and a return on equity of 8.03%. The company had revenue of $11.12 billion for the quarter, compared to analysts’ expectations of $8.96 billion. During the same quarter in the previous year, the company posted $1.41 EPS. The business’s quarterly revenue was up 24.7% on a year-over-year basis. Equities analysts predict that Bunge Limited will post $4.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, August 18th. This is a positive change from Bunge Limited’s previous quarterly dividend of $0.42. Bunge Limited’s dividend payout ratio is presently 45.41%.
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A number of brokerages recently weighed in on BG. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $84.00 target price on shares of Bunge Limited in a research note on Friday. Credit Suisse Group set a $90.00 price target on shares of Bunge Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research downgraded shares of Bunge Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Citigroup Inc. decreased their price target on shares of Bunge Limited from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, July 12th. Finally, J P Morgan Chase & Co downgraded shares of Bunge Limited to a “neutral - underweight” rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $84.50.
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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