Mirae Asset Global Investments Co. Ltd. Trims Position in Bunge Ltd (BG)

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Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Bunge Ltd (NYSE:BG) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,109 shares of the basic materials company’s stock after selling 1,067 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Bunge were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of BG. Oregon Public Employees Retirement Fund increased its position in Bunge by 7,122.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,805,409 shares of the basic materials company’s stock valued at $71,000 after acquiring an additional 3,752,723 shares during the last quarter. Morgan Stanley increased its position in Bunge by 618.9% during the third quarter. Morgan Stanley now owns 3,620,854 shares of the basic materials company’s stock valued at $248,789,000 after acquiring an additional 3,117,218 shares during the last quarter. BlackRock Inc. increased its position in Bunge by 5.7% during the fourth quarter. BlackRock Inc. now owns 8,990,722 shares of the basic materials company’s stock valued at $480,464,000 after acquiring an additional 486,365 shares during the last quarter. JPMorgan Chase & Co. increased its position in Bunge by 753.6% during the third quarter. JPMorgan Chase & Co. now owns 540,719 shares of the basic materials company’s stock valued at $37,153,000 after acquiring an additional 477,370 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Bunge by 19.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,048,488 shares of the basic materials company’s stock valued at $140,749,000 after acquiring an additional 335,725 shares during the last quarter. Institutional investors and hedge funds own 81.50% of the company’s stock.

BG has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Bunge from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, December 10th. Credit Suisse Group set a $70.00 target price on shares of Bunge and gave the company an “outperform” rating in a research note on Wednesday, January 23rd. ValuEngine raised shares of Bunge from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Zacks Investment Research lowered shares of Bunge from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, Morgan Stanley lowered their target price on shares of Bunge from $84.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $74.67.

NYSE:BG opened at $52.05 on Friday. Bunge Ltd has a 1-year low of $48.89 and a 1-year high of $76.95. The stock has a market capitalization of $7.34 billion, a P/E ratio of 19.14 and a beta of 0.93. The company has a quick ratio of 0.72, a current ratio of 1.54 and a debt-to-equity ratio of 0.74.

Bunge (NYSE:BG) last released its quarterly earnings results on Thursday, February 21st. The basic materials company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.44 billion. Bunge had a net margin of 0.58% and a return on equity of 6.79%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.67 earnings per share. Analysts predict that Bunge Ltd will post 2.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.84%. Bunge’s payout ratio is 73.53%.

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Bunge Company Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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