Public Employees Retirement Association of Colorado Sells 803 Shares of Bunge Ltd. (BG)
Public Employees Retirement Association of Colorado cut its position in Bunge Ltd. (NYSE:BG) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,960 shares of the company’s stock after selling 803 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Bunge were worth $1,715,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in Bunge by 8,954.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,173 shares of the company’s stock worth $129,000 after buying an additional 2,149 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in Bunge during the third quarter worth $130,000. Mizuho Asset Management Co. Ltd. boosted its stake in Bunge by 123.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,206 shares of the company’s stock worth $130,000 after buying an additional 1,217 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Bunge by 17.3% in the second quarter. JFS Wealth Advisors LLC now owns 2,392 shares of the company’s stock worth $141,000 after buying an additional 353 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in Bunge by 114.1% in the second quarter. Global X Management Co. LLC now owns 2,800 shares of the company’s stock worth $166,000 after buying an additional 1,492 shares during the last quarter. Institutional investors own 79.36% of the company’s stock.
Bunge Ltd. (NYSE:BG) traded down 2.34% during trading on Monday, reaching $66.47. 1,463,582 shares of the company were exchanged. Bunge Ltd. has a 52-week low of $46.08 and a 52-week high of $70.53. The stock has a market capitalization of $9.27 billion, a PE ratio of 14.79 and a beta of 0.97. The firm’s 50 day moving average is $64.37 and its 200 day moving average is $62.88.
Bunge (NYSE:BG) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.08. The company earned $11.42 billion during the quarter, compared to analysts’ expectations of $8.19 billion. Bunge had a return on equity of 10.38% and a net margin of 1.58%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 EPS. Analysts expect that Bunge Ltd. will post $4.57 EPS for the current year.
A number of analysts have weighed in on BG shares. TheStreet raised shares of Bunge from a “hold” rating to a “buy” rating in a report on Monday, November 21st. BMO Capital Markets reissued an “outperform” rating and set a $72.00 price objective on shares of Bunge in a report on Monday, August 1st. Bank of America Corp. raised shares of Bunge from a “neutral” rating to a “buy” rating in a report on Tuesday, August 2nd. Finally, Zacks Investment Research cut shares of Bunge from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.13.
Bunge Company Profile
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. The Edible oil products and milling products segments include businesses that produce and sell edible oil based products, including vegetable oils, shortenings, margarines and mayonnaise, and milled grain products, such as wheat flours, corn-based products and rice.
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