Bunge Limited (NYSE:BG) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its holdings in Bunge Limited (NYSE:BG – Get Rating) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 71,200 shares of the basic materials company’s stock after selling 555 shares during the period. Raymond James & Associates’ holdings in Bunge were worth $7,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Accurate Wealth Management LLC acquired a new stake in shares of Bunge during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. increased its position in shares of Bunge by 200.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 282 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 188 shares in the last quarter. Pinnacle Holdings LLC acquired a new stake in shares of Bunge during the first quarter worth about $36,000. Riverview Trust Co increased its position in shares of Bunge by 73.3% during the fourth quarter. Riverview Trust Co now owns 338 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 143 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased 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 purchasing an additional 188 shares in the last quarter. 82.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Morgan Stanley lowered their price target on Bunge from $120.00 to $105.00 and set an “equal weight” rating on the stock in a report on Thursday, April 13th. Robert W. Baird lowered Bunge from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $127.00 to $115.00 in a report on Thursday, February 9th. BMO Capital Markets assumed coverage on Bunge in a report on Thursday, April 13th. They set an “outperform” rating and a $120.00 price target on the stock. Finally, StockNews.com assumed coverage on Bunge in a report on Thursday. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.22.

Bunge Price Performance

Shares of BG opened at $90.45 on Friday. Bunge Limited has a twelve month low of $80.41 and a twelve month high of $118.99. The stock’s 50 day moving average is $93.56 and its two-hundred day moving average is $96.67. The firm has a market capitalization of $13.62 billion, a PE ratio of 8.88 and a beta of 0.65. The company has a current ratio of 1.83, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40.

Bunge (NYSE:BG – Get Rating) last announced its quarterly earnings data on Wednesday, May 3rd. The basic materials company reported $3.26 earnings per share for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.13). Bunge had a net margin of 2.33% and a return on equity of 20.13%. The business had revenue of $15.33 billion during the quarter, compared to analysts’ expectations of $15.18 billion. During the same period in the prior year, the firm posted $4.26 EPS. Bunge’s revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts anticipate that Bunge Limited will post 11.56 earnings per share for the current year.

Bunge Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.6625 per share. This is a positive change from Bunge’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $2.65 annualized dividend and a dividend yield of 2.93%. Bunge’s payout ratio is 24.53%.

Bunge Company Profile

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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.