Wipfli Financial Advisors LLC Makes New $85,000 Investment in Bunge Limited (NYSE:BG)

Wipfli Financial Advisors LLC bought a new position in Bunge Limited (NYSE:BGGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,025 shares of the basic materials company’s stock, valued at approximately $85,000.

Several other hedge funds have also added to or reduced their stakes in BG. Envestnet Asset Management Inc. lifted its holdings in shares of Bunge by 105.8% during the second quarter. Envestnet Asset Management Inc. now owns 93,201 shares of the basic materials company’s stock valued at $8,452,000 after purchasing an additional 47,910 shares in the last quarter. Walker Asset Management LLC bought a new position in shares of Bunge during the second quarter valued at $453,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Bunge by 12.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,898 shares of the basic materials company’s stock valued at $988,000 after purchasing an additional 1,244 shares in the last quarter. Credit Suisse AG lifted its holdings in shares of Bunge by 20.0% during the second quarter. Credit Suisse AG now owns 289,475 shares of the basic materials company’s stock valued at $26,252,000 after purchasing an additional 48,248 shares in the last quarter. Finally, Tevis Investment Management bought a new position in shares of Bunge during the second quarter valued at $280,000. 82.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Julio Garros sold 1,017 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $103.90, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on BG shares. TheStreet upgraded Bunge from a “c+” rating to a “b” rating in a research report on Wednesday, October 26th. UBS Group started coverage on Bunge in a research report on Tuesday, December 13th. They set a “buy” rating and a $133.00 price objective for the company. Bank of America reduced their price objective on Bunge from $138.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 24th. Finally, StockNews.com upgraded Bunge from a “hold” rating to a “buy” rating in a research report on Thursday, October 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $122.25.

Bunge Stock Performance

Shares of BG opened at $100.54 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.63 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $98.73 and a two-hundred day simple moving average of $94.72. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 10.23 and a beta of 0.72. Bunge Limited has a 52 week low of $80.41 and a 52 week high of $128.40.

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

Bunge Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Thursday, February 16th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, February 15th. Bunge’s dividend payout ratio is currently 25.43%.

Bunge Company Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Bunge (NYSE:BG)

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