D L Carlson Investment Group Inc. Sells 24,004 Shares of Bunge Limited (BG)
D L Carlson Investment Group Inc. cut its stake in shares of Bunge Limited (NYSE:BG) by 40.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,334 shares of the basic materials company’s stock after selling 24,004 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Bunge Limited were worth $2,636,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Clinton Group Inc. lifted its holdings in shares of Bunge Limited by 243.7% during the first quarter. Clinton Group Inc. now owns 65,349 shares of the basic materials company’s stock worth $5,180,000 after purchasing an additional 46,338 shares during the period. GWM Advisors LLC lifted its holdings in shares of Bunge Limited by 10.3% during the first quarter. GWM Advisors LLC now owns 4,481 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 418 shares during the period. Paloma Partners Management Co lifted its holdings in shares of Bunge Limited by 284.6% during the first quarter. Paloma Partners Management Co now owns 45,877 shares of the basic materials company’s stock worth $3,636,000 after purchasing an additional 33,948 shares during the period. Alambic Investment Management L.P. lifted its holdings in shares of Bunge Limited by 31.5% during the first quarter. Alambic Investment Management L.P. now owns 31,430 shares of the basic materials company’s stock worth $2,491,000 after purchasing an additional 7,530 shares during the period. Finally, Dean Investment Associates LLC lifted its holdings in shares of Bunge Limited by 5.6% during the first quarter. Dean Investment Associates LLC now owns 8,783 shares of the basic materials company’s stock worth $696,000 after purchasing an additional 466 shares during the period. 80.36% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on BG. Credit Suisse Group reaffirmed a “hold” rating and set a $80.00 price target on shares of Bunge Limited in a report on Thursday, May 25th. Zacks Investment Research raised Bunge Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $84.00 price target on shares of Bunge Limited in a report on Friday, July 21st. BMO Capital Markets set a $87.00 price target on Bunge Limited and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, BidaskClub downgraded Bunge Limited from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Bunge Limited currently has an average rating of “Hold” and a consensus price target of $84.83.
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Bunge Limited (BG) traded up 2.10% during midday trading on Monday, reaching $76.20. The company’s stock had a trading volume of 894,315 shares. The company’s 50-day moving average price is $77.18 and its 200-day moving average price is $77.28. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of 21.78 and a beta of 1.04. Bunge Limited has a 1-year low of $58.19 and a 1-year high of $83.75.
Bunge Limited (NYSE:BG) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. Bunge Limited had a return on equity of 6.65% and a net margin of 1.12%. The company had revenue of $11.65 billion during the quarter, compared to analysts’ expectations of $10.88 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, analysts predict that Bunge Limited will post $3.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.84 annualized dividend and a dividend yield of 2.41%. Bunge Limited’s payout ratio is 53.64%.
In other news, insider Jerry Matthews Simmons, Jr. sold 2,636 shares of the stock in a transaction on Monday, July 24th. The stock was 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 owns 20,214 shares of the company’s stock, valued at $1,617,120. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
Bunge Limited 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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