Allianz Asset Management GmbH reduced its position in shares of Bunge Limited (NYSE:BG) by 26.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 686,909 shares of the basic materials company’s stock after selling 241,936 shares during the period. Allianz Asset Management GmbH owned 0.49% of Bunge worth $47,713,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Aviance Capital Management LLC purchased a new stake in Bunge in the second quarter worth about $101,000. Advisor Group Inc. lifted its holdings in Bunge by 127.8% in the third quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after buying an additional 841 shares during the period. Creative Planning lifted its holdings in Bunge 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 buying an additional 822 shares during the period. Toronto Dominion Bank lifted its holdings in Bunge 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 buying an additional 188 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Bunge 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 buying an additional 1,946 shares during the period. Institutional investors own 79.86% of the company’s stock.
BG has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Bunge from a “hold” rating to a “strong sell” rating in a research note on Friday, October 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $86.00 target price on shares of Bunge in a research note on Tuesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and set a $77.00 target price on shares of Bunge in a research note on Friday, October 13th. Vertical Group downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Bunge in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Bunge currently has a consensus rating of “Hold” and a consensus price target of $81.86.
Shares of Bunge Limited (NYSE:BG) opened at $68.33 on Thursday. The firm has a market cap of $9,288.61, a P/E ratio of 22.24, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a current ratio of 1.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.60. Bunge Limited has a 1 year low of $63.87 and a 1 year high of $83.75.
Bunge (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). The firm had revenue of $11.42 billion for the quarter, compared to the consensus estimate of $11.87 billion. Bunge had a net margin of 1.06% and a return on equity of 6.68%. Bunge’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. research analysts forecast that Bunge Limited will post 2.97 EPS for the current fiscal year.
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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