California Public Employees Retirement System lifted its holdings in shares of Bunge Ltd (NYSE:BG) by 3.6% during the 1st quarter, HoldingsChannel reports. The fund owned 714,855 shares of the basic materials company’s stock after buying an additional 24,953 shares during the period. California Public Employees Retirement System’s holdings in Bunge were worth $37,937,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of Bunge during the 4th quarter valued at $27,000. First Mercantile Trust Co. lifted its holdings in Bunge by 44.6% in the 4th quarter. First Mercantile Trust Co. now owns 1,200 shares of the basic materials company’s stock worth $64,000 after buying an additional 370 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Bunge by 7,122.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,805,409 shares of the basic materials company’s stock worth $71,000 after buying an additional 3,752,723 shares in the last quarter. HRT Financial LLC acquired a new position in Bunge in the 4th quarter worth $211,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Bunge in the 1st quarter worth $222,000. Institutional investors and hedge funds own 82.60% of the company’s stock.
A number of equities analysts have commented on BG shares. ValuEngine lowered shares of Bunge from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Bunge in a report on Friday, February 22nd. Morgan Stanley cut their price objective on shares of Bunge from $84.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, February 25th. JPMorgan Chase & Co. started coverage on shares of Bunge in a report on Thursday, March 28th. They issued a “neutral” rating and a $67.00 price objective on the stock. Finally, Credit Suisse Group set a $70.00 price objective on shares of Bunge and gave the stock an “outperform” rating in a report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $73.33.
Shares of BG stock opened at $52.65 on Thursday. Bunge Ltd has a 12 month low of $47.26 and a 12 month high of $73.13. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $7.43 billion, a price-to-earnings ratio of 19.36 and a beta of 0.91.
Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.33. Bunge had a net margin of 0.74% and a return on equity of 7.81%. The firm had revenue of $9.94 billion for the quarter, compared to analyst estimates of $10.67 billion. During the same quarter in the previous year, the business posted ($0.06) EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. Sell-side analysts forecast that Bunge Ltd will post 2.78 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.80%. Bunge’s dividend payout ratio (DPR) is presently 73.53%.
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Bunge Company Profile
Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. 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 vegetable oils and protein meals.
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