Breton Hill Capital Ltd. reduced its holdings in shares of Bunge Limited (NYSE:BG) by 26.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,533 shares of the basic materials company’s stock after selling 8,367 shares during the quarter. Breton Hill Capital Ltd.’s holdings in Bunge Limited were worth $1,635,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of BG. York Capital Management Global Advisors LLC bought a new position in shares of Bunge Limited during the 2nd quarter worth approximately $136,703,000. Vanguard Group Inc. boosted its stake in shares of Bunge Limited by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 14,450,143 shares of the basic materials company’s stock worth $1,077,980,000 after acquiring an additional 1,224,073 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Bunge Limited during the 2nd quarter worth approximately $86,883,000. Bank of Montreal Can boosted its stake in shares of Bunge Limited by 275.0% during the 2nd quarter. Bank of Montreal Can now owns 689,926 shares of the basic materials company’s stock worth $51,468,000 after acquiring an additional 505,933 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Bunge Limited by 87.5% in the 2nd quarter. Wells Fargo & Company MN now owns 783,708 shares of the basic materials company’s stock valued at $58,465,000 after purchasing an additional 365,772 shares during the period. Institutional investors own 79.25% of the company’s stock.
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Shares of Bunge Limited (NYSE BG) traded up $0.33 during midday trading on Friday, reaching $65.50. The company’s stock had a trading volume of 979,158 shares, compared to its average volume of 1,264,369. The firm has a market cap of $9,250.00, a PE ratio of 22.30, a PEG ratio of 1.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.60 and a quick ratio of 0.82. Bunge Limited has a 52-week low of $63.87 and a 52-week high of $83.75.
Bunge Limited (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.04). The company had revenue of $11.42 billion during the quarter, compared to analyst estimates of $11.87 billion. Bunge Limited had a net margin of 1.06% and a return on equity of 6.68%. Bunge Limited’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. equities research analysts expect that Bunge Limited will post 2.97 earnings per share for the current fiscal year.
Several research firms recently issued reports on BG. Piper Jaffray Companies set a $86.00 price target on Bunge Limited and gave the company a “buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. downgraded Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a research note on Thursday, September 28th. BMO Capital Markets restated a “buy” rating and issued a $87.00 price target on shares of Bunge Limited in a research note on Monday, November 6th. Zacks Investment Research upgraded Bunge Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, TheStreet downgraded Bunge Limited from a “b-” rating to a “c+” rating in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Bunge Limited presently has a consensus rating of “Hold” and an average target price of $81.86.
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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