Bunge Limited (BG) Stake Lessened by Lesa Sroufe & Co
Lesa Sroufe & Co decreased its position in Bunge Limited (NYSE:BG) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,508 shares of the basic materials company’s stock after selling 1,094 shares during the quarter. Bunge Limited makes up approximately 3.6% of Lesa Sroufe & Co’s portfolio, making the stock its 12th largest position. Lesa Sroufe & Co’s holdings in Bunge Limited were worth $4,064,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Bunge Limited by 9.3% during the second quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock valued at $1,077,980,000 after buying an additional 1,224,073 shares during the period. Dimensional Fund Advisors LP grew its position in Bunge Limited by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,158,713 shares of the basic materials company’s stock valued at $161,027,000 after buying an additional 74,820 shares during the period. York Capital Management Global Advisors LLC bought a new position in Bunge Limited during the second quarter valued at about $136,703,000. TIAA CREF Investment Management LLC grew its position in Bunge Limited by 15.5% during the second quarter. TIAA CREF Investment Management LLC now owns 1,092,286 shares of the basic materials company’s stock valued at $81,485,000 after buying an additional 146,806 shares during the period. Finally, Teachers Advisors LLC grew its position in Bunge Limited by 5.5% during the second quarter. Teachers Advisors LLC now owns 1,085,769 shares of the basic materials company’s stock valued at $80,998,000 after buying an additional 56,527 shares during the period. Hedge funds and other institutional investors own 79.25% of the company’s stock.
Several equities analysts recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and set a $87.00 price target on shares of Bunge Limited in a research report on Monday, November 6th. Zacks Investment Research downgraded shares of Bunge Limited from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Robert W. Baird reaffirmed a “hold” rating and set a $77.00 price objective on shares of Bunge Limited in a report on Friday, October 13th. TheStreet downgraded shares of Bunge Limited from a “b-” rating to a “c+” rating in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $86.00 price objective on shares of Bunge Limited and gave the company a “buy” rating in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Bunge Limited has an average rating of “Hold” and an average target price of $81.86.
Shares of Bunge Limited (NYSE BG) traded up $0.48 during trading on Friday, hitting $65.63. 1,592,400 shares of the stock were exchanged, compared to its average volume of 1,265,654. Bunge Limited has a 52-week low of $63.86 and a 52-week high of $83.75. The stock has a market capitalization of $9,190.00, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60.
Bunge Limited (NYSE:BG) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.04). Bunge Limited had a return on equity of 6.68% and a net margin of 1.06%. The firm had revenue of $11.42 billion during the quarter, compared to analysts’ expectations of $11.87 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. equities research analysts expect that Bunge Limited will post 2.97 EPS for the current year.
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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