First Quadrant L P CA Acquires New Holdings in Bunge Limited (NYSE:BG)
First Quadrant L P CA acquired a new stake in Bunge Limited (NYSE:BG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 340 shares of the basic materials company’s stock, valued at approximately $27,000.
A number of other large investors have also recently modified their holdings of BG. NEXT Financial Group Inc raised its position in shares of Bunge by 352.2% during the 4th quarter. NEXT Financial Group Inc now owns 407 shares of the basic materials company’s stock worth $27,000 after buying an additional 317 shares in the last quarter. Jeppson Wealth Management LLC bought a new stake in shares of Bunge in the 3rd quarter worth approximately $27,000. Rosenberg Matthew Hamilton bought a new stake in shares of Bunge in the 4th quarter worth approximately $50,000. Kempen Capital Management N.V. bought a new stake in shares of Bunge in the 4th quarter worth approximately $70,000. Finally, Captrust Financial Advisors bought a new stake in shares of Bunge in the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 77.44% of the company’s stock.
NYSE:BG opened at $85.83 on Tuesday. The stock has a market cap of $12.03 billion, a P/E ratio of 25.47 and a beta of 0.76. Bunge Limited has a one year low of $32.68 and a one year high of $88.84. The company has a fifty day moving average price of $80.79 and a 200 day moving average price of $69.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.51 and a quick ratio of 0.79.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Shareholders of record on Wednesday, May 19th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, May 18th. Bunge’s dividend payout ratio is currently 43.67%.
A number of analysts recently commented on the stock. TheStreet upgraded shares of Bunge from a “c+” rating to a “b” rating in a report on Wednesday, February 10th. Credit Suisse Group lifted their target price on shares of Bunge from $72.00 to $84.00 and gave the stock an “outperform” rating in a research report on Thursday, February 11th. Bank of America started coverage on shares of Bunge in a research report on Tuesday, April 27th. They issued a “neutral” rating and a $88.00 target price on the stock. Finally, Barclays lifted their target price on shares of Bunge from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 11th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Bunge has a consensus rating of “Buy” and a consensus target price of $71.63.
In other Bunge news, insider Christos Dimopoulos sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 12th. The shares were sold at an average price of $81.48, for a total transaction of $162,960.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul J. Fribourg sold 223,676 shares of the firm’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $81.10, for a total transaction of $18,140,123.60. Following the sale, the director now owns 7,723 shares in the company, valued at $626,335.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 283,331 shares of company stock worth $22,743,707. Corporate insiders own 3.67% of the company’s stock.
Bunge Limited operates as an agribusiness and food company worldwide. It operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Fertilizer, and Sugar and Bioenergy. 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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