Parkside Investments LLC lowered its position in shares of Bunge Limited (NYSE:BG) by 3.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 28,565 shares of the basic materials company’s stock after selling 875 shares during the period. Parkside Investments LLC’s holdings in Bunge Limited were worth $2,131,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Bunge Limited by 21.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 85,301 shares of the basic materials company’s stock worth $6,363,000 after buying an additional 15,000 shares in the last quarter. Advisors Asset Management Inc. raised its position in Bunge Limited by 27.6% in the second quarter. Advisors Asset Management Inc. now owns 31,759 shares of the basic materials company’s stock worth $2,369,000 after buying an additional 6,874 shares in the last quarter. Convergence Investment Partners LLC raised its position in Bunge Limited by 114.1% in the second quarter. Convergence Investment Partners LLC now owns 49,779 shares of the basic materials company’s stock worth $3,714,000 after buying an additional 26,524 shares in the last quarter. Teacher Retirement System of Texas raised its position in Bunge Limited by 4.5% in the second quarter. Teacher Retirement System of Texas now owns 243,513 shares of the basic materials company’s stock worth $18,166,000 after buying an additional 10,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Bunge Limited by 52.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 810,842 shares of the basic materials company’s stock worth $60,489,000 after buying an additional 279,307 shares in the last quarter. 80.44% of the stock is currently owned by institutional investors.

Shares of Bunge Limited (NYSE BG) opened at 77.27 on Monday. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 22.09 and a beta of 1.02. The company has a 50 day moving average of $77.27 and a 200 day moving average of $76.56. Bunge Limited has a 1-year low of $58.19 and a 1-year high of $83.75.

Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The firm had revenue of $11.65 billion during the quarter, compared to analysts’ expectations of $10.88 billion. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 earnings per share. On average, equities analysts forecast that Bunge Limited will post $3.94 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s dividend payout ratio is currently 48.98%.

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BG has been the topic of a number of research analyst reports. Stephens lowered shares of Bunge Limited from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 3rd. J P Morgan Chase & Co upgraded shares of Bunge Limited from an “underweight” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research report on Thursday, May 4th. BMO Capital Markets reiterated a “buy” rating on shares of Bunge Limited in a research report on Friday, May 5th. Credit Suisse Group set a $80.00 price objective on shares of Bunge Limited and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, BidaskClub cut shares of Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $84.83.

In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $80.00, for a total value of $210,880.00. Following the completion of the sale, the insider now owns 20,214 shares in the company, valued at $1,617,120. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Bunge Limited Company Profile

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.

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Institutional Ownership by Quarter for Bunge Limited (NYSE:BG)

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