Andra AP fonden lowered its position in Bunge Limited (NYSE:BG) by 17.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,900 shares of the basic materials company’s stock after selling 10,200 shares during the quarter. Andra AP fonden’s holdings in Bunge Limited were worth $3,327,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Aviance Capital Management LLC bought a new position in shares of Bunge Limited in the second quarter worth $101,000. Creative Planning increased its holdings in shares of Bunge Limited by 99.0% in 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 during the period. Toronto Dominion Bank increased its holdings in shares of Bunge Limited 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 purchasing an additional 188 shares during the period. Advisory Services Network LLC increased its holdings in shares of Bunge Limited by 559.2% in the second quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 1,946 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of Bunge Limited in the second quarter worth $200,000. 79.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bunge Limited (NYSE BG) opened at $67.60 on Friday. 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 Limited has a 1 year low of $63.96 and a 1 year high of $83.75. The stock has a market cap of $9,545.92, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06.
Bunge Limited (NYSE:BG) last posted its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.04). Bunge Limited had a net margin of 1.06% and a return on equity of 6.68%. The business had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.87 billion. During the same quarter in the previous year, the company earned $0.73 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. equities research analysts anticipate that Bunge Limited will post 3.24 EPS for the current year.
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A number of research analysts recently commented on the company. Zacks Investment Research raised Bunge Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Citigroup Inc. cut Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a research note on Thursday, September 28th. BMO Capital Markets reissued a “buy” rating and issued a $87.00 target price on shares of Bunge Limited in a research note on Monday. Piper Jaffray Companies reissued a “buy” rating and issued a $84.00 target price on shares of Bunge Limited in a research note on Friday, July 21st. Finally, Credit Suisse Group reissued a “buy” rating and issued a $90.00 target price on shares of Bunge Limited in a research note on Friday, September 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $81.86.
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.
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