Marathon Asset Management LLP Buys 165,122 Shares of Bunge Limited (BG)

Marathon Asset Management LLP lifted its stake in Bunge Limited (NYSE:BG) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,107,221 shares of the basic materials company’s stock after purchasing an additional 165,122 shares during the quarter. Marathon Asset Management LLP owned about 0.79% of Bunge worth $74,276,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Aviance Capital Management LLC acquired a new stake in Bunge during the second quarter worth $101,000. Advisor Group Inc. increased its stake in Bunge by 127.8% during 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 last quarter. Toronto Dominion Bank increased its stake in Bunge by 12.3% during 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 last quarter. Advisory Services Network LLC increased its stake in Bunge by 559.2% during the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after acquiring an additional 1,946 shares during the last quarter. Finally, KCS Wealth Advisory acquired a new stake in Bunge during the fourth quarter worth $200,000. 79.72% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. Citigroup cut Bunge 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. Zacks Investment Research raised Bunge from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet cut Bunge from a “b-” rating to a “c+” rating in a research note on Tuesday, October 10th. BMO Capital Markets reissued a “buy” rating and set a $87.00 target price on shares of Bunge in a research note on Monday, November 6th. Finally, Piper Jaffray Companies set a $86.00 target price on Bunge and gave the stock a “buy” rating in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.86.

Bunge Limited (NYSE:BG) traded up $0.13 on Wednesday, hitting $70.31. The stock had a trading volume of 540,756 shares, compared to its average volume of 1,203,070. Bunge Limited has a 1-year low of $63.87 and a 1-year high of $83.75. The stock has a market capitalization of $9,830.00, a price-to-earnings ratio of 21.50, a P/E/G ratio of 1.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60.

Bunge (NYSE:BG) last released its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 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 firm had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. research analysts expect that Bunge Limited will post 2.97 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be given 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 2.62%. Bunge’s dividend payout ratio is currently 56.27%.

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About Bunge

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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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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