Janus Henderson Group PLC increased its holdings in shares of Bunge Limited (NYSE:BG) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,787 shares of the basic materials company’s stock after buying an additional 5,387 shares during the period. Janus Henderson Group PLC’s holdings in Bunge were worth $2,694,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Aviance Capital Management LLC acquired a new position in shares of Bunge in the 2nd quarter valued at $101,000. Advisor Group Inc. boosted its holdings in shares of Bunge by 127.8% in the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after buying an additional 841 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Bunge by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock valued at $128,000 after buying an additional 188 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Bunge by 559.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock valued at $171,000 after buying an additional 1,946 shares in the last quarter. Finally, IndexIQ Advisors LLC boosted its holdings in shares of Bunge by 0.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 3,242 shares of the basic materials company’s stock valued at $242,000 after buying an additional 27 shares in the last quarter. 79.71% of the stock is currently owned by hedge funds and other institutional investors.
Bunge Limited (NYSE BG) opened at $69.74 on Friday. The company has a market cap of $9,810.00, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.05. 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 has a 12-month low of $63.87 and a 12-month high of $83.75.
Bunge (NYSE:BG) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.04). The firm had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.87 billion. Bunge had a return on equity of 6.68% and a net margin of 1.06%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. sell-side analysts expect that Bunge Limited will post 2.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.64%. Bunge’s dividend payout ratio is presently 56.27%.
Several research analysts have recently issued reports on BG shares. Zacks Investment Research cut shares of Bunge from a “hold” rating to a “strong sell” rating in a report on Friday, October 20th. Robert W. Baird reiterated a “hold” rating and set a $77.00 price target on shares of Bunge in a research note on Friday, October 13th. Piper Jaffray Companies set a $86.00 price target on shares of Bunge and gave the stock a “buy” rating in a research note on Friday, October 6th. Citigroup cut shares of Bunge 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. Finally, Vertical Group upgraded shares of Bunge from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $81.86.
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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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