Teachers Retirement System of The State of Kentucky Makes New Investment in Bunge Limited (NYSE:BG)

Teachers Retirement System of The State of Kentucky bought a new position in shares of Bunge Limited (NYSE:BG – Get Rating) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 96,500 shares of the basic materials company’s stock, valued at approximately $7,968,000. Teachers Retirement System of The State of Kentucky owned 0.06% of Bunge at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BG. TCI Wealth Advisors Inc. lifted its stake in shares of Bunge by 96.9% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 382 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 188 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of Bunge in the 1st quarter valued at about $36,000. Ronald Blue Trust Inc. acquired a new position in shares of Bunge in the 2nd quarter valued at about $55,000. Eagle Bay Advisors LLC acquired a new position in shares of Bunge in the 2nd quarter valued at about $60,000. Finally, CWM LLC lifted its stake in shares of Bunge by 118.3% in the 3rd quarter. CWM LLC now owns 1,002 shares of the basic materials company’s stock valued at $83,000 after purchasing an additional 543 shares during the period. 82.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group assumed coverage on Bunge in a research note on Tuesday, December 13th. They set a “buy” rating and a $133.00 price target on the stock. StockNews.com assumed coverage on Bunge in a research note on Thursday. They set a “buy” rating on the stock. Finally, Robert W. Baird downgraded Bunge from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $127.00 to $115.00 in a research note on Thursday, February 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.13.

Bunge Stock Performance

Shares of BG opened at $92.11 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.75. The stock has a 50 day moving average price of $97.84 and a two-hundred day moving average price of $96.00. The firm has a market capitalization of $13.81 billion, a P/E ratio of 8.76 and a beta of 0.66. Bunge Limited has a 52 week low of $80.41 and a 52 week high of $128.40.

Bunge (NYSE:BG – Get Rating) last issued its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.05. The firm had revenue of $16.66 billion during the quarter, compared to analyst estimates of $18.20 billion. Bunge had a return on equity of 22.89% and a net margin of 2.39%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the company posted $3.49 EPS. Equities analysts forecast that Bunge Limited will post 11.83 earnings per share for the current fiscal year.

Bunge Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, May 18th. Bunge’s dividend payout ratio is presently 23.76%.

Bunge Company Profile

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Bunge Ltd. operates as a holding company. engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment is involved in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products.