Hotchkis & Wiley Capital Management LLC Has $49.98 Million Holdings in Bunge Limited (BG)

Hotchkis & Wiley Capital Management LLC trimmed its stake in Bunge Limited (NYSE:BG) by 52.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 669,987 shares of the basic materials company’s stock after selling 732,266 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.48% of Bunge Limited worth $49,981,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Bunge Limited by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 13,226,070 shares of the basic materials company’s stock worth $1,048,298,000 after acquiring an additional 1,095,696 shares during the period. BlackRock Inc. boosted its stake in shares of Bunge Limited by 1,532.8% during the 1st quarter. BlackRock Inc. now owns 7,991,765 shares of the basic materials company’s stock worth $633,427,000 after acquiring an additional 7,502,326 shares during the period. State Street Corp boosted its stake in shares of Bunge Limited by 3.5% during the 1st quarter. State Street Corp now owns 4,235,969 shares of the basic materials company’s stock worth $335,753,000 after acquiring an additional 141,597 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Bunge Limited by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,083,893 shares of the basic materials company’s stock worth $165,173,000 after acquiring an additional 30,536 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Bunge Limited by 101.8% during the 1st quarter. AQR Capital Management LLC now owns 2,026,586 shares of the basic materials company’s stock worth $160,627,000 after acquiring an additional 1,022,468 shares during the period. Hedge funds and other institutional investors own 80.36% of the company’s stock.

In other Bunge Limited 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 transaction of $210,880.00. Following the completion of the transaction, the insider now directly owns 20,214 shares of the company’s stock, valued at $1,617,120. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

BG has been the subject of several research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $84.00 target price on shares of Bunge Limited in a research note on Friday, July 21st. Credit Suisse Group set a $90.00 target price on Bunge Limited and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Citigroup Inc. reduced their target price on Bunge Limited from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, July 12th. BMO Capital Markets set a $87.00 target price on Bunge Limited and gave the stock a “buy” rating in a research note on Monday, June 12th. Finally, BidaskClub upgraded Bunge Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $83.71.

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Bunge Limited (NYSE:BG) traded down 0.41% during mid-day trading on Friday, reaching $72.53. The company had a trading volume of 1,728,982 shares. The stock has a market capitalization of $10.20 billion, a PE ratio of 20.73 and a beta of 1.04. The company’s 50-day moving average is $75.78 and its 200-day moving average is $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 announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, beating the 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 business had revenue of $11.65 billion during the quarter, compared to analyst estimates of $10.88 billion. During the same period in the prior year, the company earned $0.79 earnings per share. Bunge Limited’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Bunge Limited will post $3.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Friday, November 17th. Bunge Limited’s dividend payout ratio (DPR) is 53.64%.

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

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