Stifel Financial Corp Raises Stake in Bunge Limited (NYSE:BG)

Stifel Financial Corp raised its holdings in shares of Bunge Limited (NYSE:BG) by 84.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,444 shares of the basic materials company’s stock after buying an additional 2,494 shares during the period. Stifel Financial Corp’s holdings in Bunge Limited were worth $404,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Creative Planning lifted its position in shares of Bunge Limited 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. Janney Montgomery Scott LLC bought a new stake in shares of Bunge Limited in the second quarter worth $200,000. Private Bank & Trust Co. bought a new stake in shares of Bunge Limited in the second quarter worth $210,000. HighTower Advisors LLC bought a new stake in shares of Bunge Limited in the first quarter worth $235,000. Finally, IndexIQ Advisors LLC increased its stake in shares of Bunge Limited by 0.8% in the second quarter. IndexIQ Advisors LLC now owns 3,242 shares of the basic materials company’s stock worth $242,000 after buying an additional 27 shares during the last quarter. 79.55% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Bunge Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Citigroup Inc. lowered shares of Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research note on Thursday, September 28th. BMO Capital Markets reiterated a “buy” rating and set a $87.00 target price on shares of Bunge Limited in a research note on Monday, November 6th. Piper Jaffray Companies reiterated a “buy” rating and set a $84.00 target price on shares of Bunge Limited in a research note on Friday, July 21st. Finally, Credit Suisse Group reiterated a “buy” rating and set a $90.00 target price on shares of Bunge Limited in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.86.

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Bunge Limited (NYSE BG) traded down $0.45 during mid-day trading on Friday, reaching $67.15. 1,019,800 shares of the company traded hands, compared to its average volume of 1,262,874. The firm has a market capitalization of $9,505.15, a P/E ratio of 22.76, a P/E/G ratio of 1.74 and a beta of 1.06. Bunge Limited has a 1-year low of $63.96 and a 1-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 Limited (NYSE:BG) last posted its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.04). Bunge Limited 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 analyst estimates of $11.87 billion. During the same period in the previous year, the company earned $0.73 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. sell-side analysts expect that Bunge Limited will post 3.24 EPS for the current fiscal year.

Bunge Limited Company 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 Limited (NYSE:BG)

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