State Board of Administration of Florida Retirement System decreased its position in shares of Bunge Limited (NYSE:BG) by 7.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,401 shares of the basic materials company’s stock after selling 17,271 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Bunge Limited worth $15,920,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CGOV Asset Management increased its position in Bunge Limited by 11.7% in the first quarter. CGOV Asset Management now owns 18,650 shares of the basic materials company’s stock valued at $1,969,000 after buying an additional 1,950 shares in the last quarter. Candriam Luxembourg S.C.A. increased its position in Bunge Limited by 19.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 9,133 shares of the basic materials company’s stock valued at $724,000 after buying an additional 1,495 shares in the last quarter. Nationwide Fund Advisors bought a new position in Bunge Limited during the first quarter valued at $8,770,000. Mn Services Vermogensbeheer B.V. increased its position in Bunge Limited by 4.3% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,719 shares of the basic materials company’s stock valued at $276,000 after buying an additional 155 shares in the last quarter. Finally, Korea Investment CORP increased its position in Bunge Limited by 76,103.0% in the first quarter. Korea Investment CORP now owns 125,735 shares of the basic materials company’s stock valued at $9,966,000 after buying an additional 125,570 shares in the last quarter. 80.35% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Limited (NYSE BG) opened at 75.53 on Monday. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 21.59 and a beta of 1.02. The stock has a 50 day moving average price of $77.47 and a 200-day moving average price of $77.06. Bunge Limited has a one year low of $58.19 and a one year high of $83.75.

Bunge Limited (NYSE:BG) last issued 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 business had revenue of $11.65 billion for 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 business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $0.79 earnings per share. On average, analysts predict that Bunge Limited will post $3.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Friday, November 17th. Bunge Limited’s dividend payout ratio (DPR) is presently 53.64%.

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Several equities analysts have recently weighed in on the company. BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BMO Capital Markets set a $87.00 price objective on Bunge Limited and gave the company a “buy” rating in a research report on Monday, June 12th. Credit Suisse Group upped their price objective on Bunge Limited from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, June 9th. Citigroup Inc. lowered their target price on Bunge Limited from $94.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded Bunge Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Bunge Limited presently has a consensus rating of “Hold” and a consensus price target of $84.83.

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

About Bunge Limited

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.

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

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