Janney Montgomery Scott LLC Has $3.51 Million Position in Bunge Limited (NYSE:BG)

Janney Montgomery Scott LLC reduced its holdings in Bunge Limited (NYSE:BGGet Rating) by 27.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 42,560 shares of the basic materials company’s stock after selling 16,303 shares during the period. Janney Montgomery Scott LLC’s holdings in Bunge were worth $3,514,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Spire Wealth Management increased its stake in Bunge by 180.0% in the second quarter. Spire Wealth Management now owns 280 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 180 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in Bunge in the second quarter valued at approximately $27,000. Sugarloaf Wealth Management LLC bought a new stake in Bunge in the second quarter valued at approximately $32,000. Pinnacle Holdings LLC bought a new stake in Bunge in the first quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Bunge in the second quarter valued at approximately $54,000. 82.62% of the stock is currently owned by institutional investors and hedge funds.

Bunge Stock Performance

Shares of BG opened at $98.46 on Thursday. Bunge Limited has a 12 month low of $80.41 and a 12 month high of $128.40. The firm has a fifty day simple moving average of $98.69 and a 200 day simple moving average of $94.68. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 10.02 and a beta of 0.72. The company has a current ratio of 1.63, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32.

Bunge (NYSE:BGGet Rating) last announced its earnings results on Wednesday, October 26th. The basic materials company reported $3.45 EPS for the quarter, topping the consensus estimate of $2.44 by $1.01. The business had revenue of $16.76 billion during the quarter, compared to analysts’ expectations of $15.73 billion. Bunge had a net margin of 2.22% and a return on equity of 25.11%. The firm’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.72 earnings per share. Research analysts forecast that Bunge Limited will post 13.89 EPS for the current fiscal year.

Bunge Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, February 15th. Bunge’s dividend payout ratio is currently 25.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Bunge from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. Bank of America lowered their price objective on shares of Bunge from $138.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 24th. TheStreet raised shares of Bunge from a “c+” rating to a “b” rating in a research report on Wednesday, October 26th. Finally, UBS Group assumed coverage on shares of Bunge in a research report on Tuesday, December 13th. They set a “buy” rating and a $133.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.25.

Insider Buying and Selling at Bunge

In other Bunge news, insider Julio Garros sold 1,017 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $103.90, for a total value of $105,666.30. Following the completion of the sale, the insider now owns 53,780 shares in the company, valued at $5,587,742. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.20% of the company’s stock.

About Bunge

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Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, 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 processes oilseeds into vegetable oils and protein meals.

See Also

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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