US Bancorp DE Sells 291 Shares of Bunge Limited (NYSE:BG)

US Bancorp DE trimmed its position in shares of Bunge Limited (NYSE:BG – Get Rating) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,437 shares of the basic materials company’s stock after selling 291 shares during the period. US Bancorp DE’s holdings in Bunge were worth $612,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Spire Wealth Management boosted its position in shares of Bunge by 180.0% in the 2nd quarter. Spire Wealth Management now owns 280 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 180 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in shares of Bunge in the 2nd quarter worth approximately $27,000. Pinnacle Holdings LLC bought a new stake in shares of Bunge in the 1st quarter worth approximately $36,000. Ronald Blue Trust Inc. bought a new stake in shares of Bunge in the 2nd quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Bunge in the 2nd quarter worth approximately $54,000. 82.62% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Bunge news, insider Julio Garros sold 1,017 shares of the stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $103.90, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TheStreet raised Bunge from a “c+” rating to a “b” rating in a research report on Wednesday, October 26th. UBS Group initiated coverage on shares of Bunge in a research note on Tuesday, December 13th. They set a “buy” rating and a $133.00 target price for the company. StockNews.com upgraded shares of Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Finally, Bank of America decreased their target price on shares of Bunge from $138.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $126.57.

Bunge Trading Down 1.0 %

NYSE:BG opened at $97.43 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.63 and a quick ratio of 0.86. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 9.91 and a beta of 0.72. Bunge Limited has a one year low of $80.41 and a one year high of $128.40. The business has a fifty day moving average price of $98.42 and a 200-day moving average price of $95.13.

Bunge (NYSE:BG – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The basic materials company reported $3.45 EPS for the quarter, topping the consensus estimate of $2.44 by $1.01. The firm had revenue of $16.76 billion during the quarter, compared to analyst estimates of $15.73 billion. Bunge had a return on equity of 25.11% and a net margin of 2.22%. Bunge’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.72 EPS. Sell-side analysts forecast that Bunge Limited will post 13.91 EPS for the current year.

Bunge Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Shareholders of record on Thursday, February 16th will be paid a $0.625 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.50 dividend on an annualized basis and a yield of 2.57%. Bunge’s payout ratio is presently 25.43%.

Bunge Company Profile

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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.