State of Wisconsin Investment Board acquired a new position in Bunge Limited (NYSE:BG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 123,956 shares of the basic materials company’s stock, valued at approximately $9,247,000. State of Wisconsin Investment Board owned approximately 0.09% of Bunge Limited at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of 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. increased 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 valued at $2,369,000 after buying an additional 6,874 shares during the period. Convergence Investment Partners LLC increased 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 valued at $3,714,000 after buying an additional 26,524 shares during the period. Teacher Retirement System of Texas increased 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 valued at $18,166,000 after buying an additional 10,500 shares during the period. Finally, Schwab Charles Investment Management Inc. increased 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 valued at $60,489,000 after buying an additional 279,307 shares during the period. Institutional investors own 80.44% of the company’s stock.

Shares of Bunge Limited (NYSE:BG) opened at 75.53 on Friday. The firm has a market capitalization of $10.62 billion, a PE ratio of 21.59 and a beta of 1.02. Bunge Limited has a 12-month low of $58.19 and a 12-month high of $83.75. The company’s 50-day moving average price is $77.47 and its 200-day moving average price is $77.06.

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 the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The firm had revenue of $11.65 billion during the quarter, compared to the consensus estimate of $10.88 billion. During the same period last year, the firm earned $0.79 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that Bunge Limited will post $3.94 EPS for the current 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 issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, November 17th. Bunge Limited’s payout ratio is 53.64%.

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Several equities analysts recently commented on the company. BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Piper Jaffray Companies set a $86.00 target price on Bunge Limited and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Bunge Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Credit Suisse Group set a $90.00 target price on Bunge Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. cut their target price on Bunge Limited from $94.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.83.

In other Bunge Limited news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the firm’s 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 transaction, the insider now directly owns 20,214 shares of the company’s stock, valued at approximately $1,617,120. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

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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