Raymond James & Associates reduced its position in shares of Bunge Limited (NYSE:BG – Get Rating) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,755 shares of the basic materials company’s stock after selling 14,349 shares during the period. Raymond James & Associates’ holdings in Bunge were worth $5,925,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of BG. AE Wealth Management LLC bought a new stake in Bunge in the 3rd quarter valued at $474,000. Optimum Investment Advisors boosted its holdings in Bunge by 4,055.0% in the 3rd quarter. Optimum Investment Advisors now owns 4,155 shares of the basic materials company’s stock valued at $343,000 after purchasing an additional 4,055 shares during the period. Thomist Capital Management LP bought a new stake in Bunge in the 3rd quarter valued at $13,564,000. Islay Capital Management LLC boosted its holdings in Bunge by 119.6% in the 3rd quarter. Islay Capital Management LLC now owns 3,432 shares of the basic materials company’s stock valued at $283,000 after purchasing an additional 1,869 shares during the period. Finally, Gilman Hill Asset Management LLC lifted its holdings in shares of Bunge by 13.6% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 6,275 shares of the basic materials company’s stock worth $518,000 after acquiring an additional 750 shares during the period. 82.62% of the stock is owned by institutional investors.
Insider Transactions at Bunge
In other news, insider Julio Garros sold 1,017 shares of Bunge stock in a transaction that occurred on Wednesday, November 9th. The shares were 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 approximately $5,587,742. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Bunge Trading Down 0.1 %
BG opened at $100.42 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.86 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $15.04 billion, a PE ratio of 10.22 and a beta of 0.72. Bunge Limited has a 1-year low of $80.41 and a 1-year high of $128.40. The firm has a 50-day moving average price of $98.74 and a two-hundred day moving average price of $94.82.
Bunge (NYSE:BG – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The basic materials company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $2.44 by $1.01. The firm 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 company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.72 EPS. As a group, equities analysts anticipate that Bunge Limited will post 13.91 earnings per share for the current fiscal year.
Bunge Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders 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 25.43%.
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.
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