York Capital Management Global Advisors LLC trimmed its stake in shares of Bunge Ltd (NYSE:BG) by 13.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,717,251 shares of the basic materials company’s stock after selling 277,731 shares during the quarter. Bunge comprises about 2.8% of York Capital Management Global Advisors LLC’s investment portfolio, making the stock its 8th biggest position. York Capital Management Global Advisors LLC’s holdings in Bunge were worth $115,194,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its position in shares of Bunge by 48.3% during the 3rd quarter. WINTON GROUP Ltd now owns 11,988 shares of the basic materials company’s stock worth $833,000 after buying an additional 3,907 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Bunge during the 4th quarter worth $760,000. Legal & General Group Plc lifted its position in shares of Bunge by 4.1% during the 3rd quarter. Legal & General Group Plc now owns 907,918 shares of the basic materials company’s stock worth $63,060,000 after buying an additional 35,864 shares during the last quarter. Levin Capital Strategies L.P. lifted its position in shares of Bunge by 15.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 11,704 shares of the basic materials company’s stock worth $785,000 after buying an additional 1,527 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Bunge by 8.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 287,965 shares of the basic materials company’s stock worth $19,999,000 after buying an additional 23,186 shares during the last quarter. Hedge funds and other institutional investors own 79.37% of the company’s stock.
Shares of Bunge Ltd (NYSE BG) traded up $0.93 on Monday, reaching $75.89. The company’s stock had a trading volume of 184,304 shares, compared to its average volume of 2,073,971. Bunge Ltd has a fifty-two week low of $63.87 and a fifty-two week high of $83.75. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 0.62. The firm has a market cap of $10,546.86, a PE ratio of 84.23, a PEG ratio of 1.60 and a beta of 1.13.
Several brokerages recently weighed in on BG. JPMorgan Chase & Co. upgraded Bunge from a “neutral” rating to an “overweight” rating and set a $90.00 price objective for the company in a research report on Wednesday, March 7th. Citigroup upgraded Bunge from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $77.99 to $89.00 in a research report on Tuesday, March 6th. Credit Suisse Group restated a “buy” rating and set a $84.00 price objective on shares of Bunge in a research report on Friday, February 16th. Piper Jaffray Companies restated a “buy” rating on shares of Bunge in a research report on Thursday, February 15th. Finally, Stephens upgraded Bunge from an “equal weight” rating to an “overweight” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $85.86.
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Bunge 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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