Unigestion Holding SA trimmed its stake in shares of Bunge Ltd (NYSE:BG) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,004 shares of the basic materials company’s stock after selling 1,250 shares during the quarter. Unigestion Holding SA’s holdings in Bunge were worth $566,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS boosted its stake in Bunge by 15.9% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 8,470 shares of the basic materials company’s stock valued at $480,000 after acquiring an additional 1,165 shares during the last quarter. Eos Focused Equity Management L.P. acquired a new stake in shares of Bunge during the third quarter worth $762,000. IFM Investors Pty Ltd raised its holdings in shares of Bunge by 83.8% during the third quarter. IFM Investors Pty Ltd now owns 17,011 shares of the basic materials company’s stock worth $963,000 after purchasing an additional 7,758 shares during the period. ARP Americas LP raised its holdings in shares of Bunge by 54.7% during the third quarter. ARP Americas LP now owns 49,800 shares of the basic materials company’s stock worth $2,820,000 after purchasing an additional 17,600 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Bunge by 11.1% during the third quarter. California Public Employees Retirement System now owns 931,687 shares of the basic materials company’s stock worth $52,752,000 after purchasing an additional 92,780 shares during the period. Hedge funds and other institutional investors own 80.26% of the company’s stock.

In other news, Director Grain Co Continental bought 20,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was bought at an average cost of $52.27 per share, for a total transaction of $1,045,400.00. Following the completion of the acquisition, the director now directly owns 3,931,155 shares in the company, valued at approximately $205,481,471.85. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.18% of the company’s stock.

BG has been the topic of a number of research reports. Stephens initiated coverage on shares of Bunge in a report on Tuesday, October 8th. They set an “overweight” rating and a $74.00 target price on the stock. Credit Suisse Group reaffirmed a “buy” rating on shares of Bunge in a report on Monday, November 4th. TheStreet cut shares of Bunge from a “b-” rating to a “c-” rating in a report on Wednesday, October 30th. Zacks Investment Research raised shares of Bunge from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, ValuEngine cut shares of Bunge from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $70.00.

Shares of NYSE:BG traded up $0.44 during trading hours on Friday, hitting $55.89. 520,581 shares of the company’s stock traded hands, compared to its average volume of 1,352,677. Bunge Ltd has a 52 week low of $47.26 and a 52 week high of $63.76. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.73 and a current ratio of 1.47. The company’s fifty day simple moving average is $55.54 and its two-hundred day simple moving average is $54.91. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 20.55 and a beta of 0.87.

Bunge (NYSE:BG) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.87. Bunge had a negative net margin of 3.09% and a positive return on equity of 9.31%. The company had revenue of $10.32 billion during the quarter, compared to analyst estimates of $11.14 billion. During the same quarter last year, the firm posted $2.52 EPS. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts anticipate that Bunge Ltd will post 2.95 EPS for the current fiscal year.

Bunge Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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