Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Bunge Limited (NYSE:BG – Get Rating) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 96,500 shares of the basic materials company’s stock, valued at approximately $7,968,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Holdings LLC bought a new position in Bunge during the first quarter valued at $36,000. TCI Wealth Advisors Inc. lifted its position in shares of Bunge by 96.9% during the third quarter. TCI Wealth Advisors Inc. now owns 382 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 188 shares in the last quarter. Ronald Blue Trust Inc. purchased a new stake in shares of Bunge during the second quarter worth $55,000. Eagle Bay Advisors LLC purchased a new stake in shares of Bunge during the second quarter worth $60,000. Finally, Zions Bancorporation N.A. lifted its position in shares of Bunge by 1,628.3% during the first quarter. Zions Bancorporation N.A. now owns 795 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 749 shares in the last quarter. 82.62% of the stock is owned by institutional investors.
Bunge Trading Down 4.8 %
Shares of BG stock 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. Bunge Limited has a 52-week low of $80.41 and a 52-week high of $128.40. The company has a market capitalization of $13.81 billion, a PE ratio of 8.76 and a beta of 0.66. The business’s fifty day moving average is $97.84 and its 200 day moving average is $96.00.
Bunge Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be given a dividend of $0.625 per share. The ex-dividend date is Thursday, May 18th. This represents a $2.50 dividend on an annualized basis and a yield of 2.71%. Bunge’s payout ratio is 23.76%.
Analysts Set New Price Targets
BG has been the topic of several recent research reports. UBS Group initiated coverage on Bunge in a research report on Tuesday, December 13th. They set a “buy” rating and a $133.00 target price on the stock. StockNews.com initiated coverage on Bunge in a research report 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 target price for the stock from $127.00 to $115.00 in a research report on Thursday, February 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.13.
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.
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