Teachers Retirement System of The State of Kentucky Acquires Shares of 96,500 Bunge Limited (NYSE:BG)

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Bunge Limited (NYSE:BGGet 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 (NYSE:BGGet Rating) last issued its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.19 by $0.05. Bunge had a return on equity of 22.89% and a net margin of 2.39%. The company had revenue of $16.66 billion for the quarter, compared to the consensus estimate of $18.20 billion. During the same quarter last year, the business posted $3.49 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Bunge Limited will post 11.83 EPS for the current fiscal year.

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 Profile

(Get Rating)

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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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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