Victory Capital Management Inc. raised its stake in shares of Bunge Ltd (NYSE:BG) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,789 shares of the basic materials company’s stock after purchasing an additional 1,891 shares during the quarter. Victory Capital Management Inc.’s holdings in Bunge were worth $1,126,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of BG. Advisor Group Inc. lifted its holdings in shares of Bunge by 127.8% during the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 841 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Bunge during the 4th quarter valued at about $129,000. KCS Wealth Advisory bought a new position in shares of Bunge during the 4th quarter valued at about $200,000. IFM Investors Pty Ltd bought a new position in shares of Bunge during the 3rd quarter valued at about $280,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Bunge during the 3rd quarter valued at about $298,000. Institutional investors own 76.99% of the company’s stock.
BG has been the topic of several recent analyst reports. Credit Suisse Group reiterated a “buy” rating and set a $84.00 price objective on shares of Bunge in a report on Friday, February 16th. Vertical Group upgraded Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. BMO Capital Markets reiterated a “buy” rating and set a $87.00 price objective on shares of Bunge in a report on Monday, November 6th. Piper Jaffray Companies reiterated a “buy” rating on shares of Bunge in a report on Thursday, February 15th. Finally, Zacks Investment Research upgraded Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Bunge presently has a consensus rating of “Hold” and a consensus price target of $81.00.
Bunge (NYSE:BG) last released its earnings results on Wednesday, February 14th. The basic materials company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($0.81). The firm had revenue of $11.61 billion during the quarter, compared to the consensus estimate of $12.57 billion. Bunge had a net margin of 0.35% and a return on equity of 4.32%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. equities research analysts expect that Bunge Ltd will post 3.92 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, February 15th. Bunge’s payout ratio is 206.74%.
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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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