Catalyst Capital Advisors LLC lifted its position in shares of Bunge Ltd (NYSE:BG) by 33.8% in the first quarter, HoldingsChannel.com reports. The firm owned 50,300 shares of the basic materials company’s stock after purchasing an additional 12,700 shares during the period. Catalyst Capital Advisors LLC’s holdings in Bunge were worth $2,669,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new stake in shares of Bunge during the fourth quarter worth about $27,000. First Mercantile Trust Co. boosted its holdings in shares of Bunge by 44.6% during the fourth quarter. First Mercantile Trust Co. now owns 1,200 shares of the basic materials company’s stock worth $64,000 after purchasing an additional 370 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of 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 worth $71,000 after purchasing an additional 3,752,723 shares during the period. HRT Financial LLC purchased a new stake in shares of Bunge during the fourth quarter worth about $211,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Bunge during the first quarter worth about $222,000. Institutional investors own 83.28% of the company’s stock.
In other Bunge news, insider Brian Zachman bought 10,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average price of $51.28 per share, with a total value of $512,800.00. Following the completion of the purchase, the insider now owns 24,611 shares of the company’s stock, valued at $1,262,052.08. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Henry Ward Iv Winship bought 4,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average cost of $51.40 per share, with a total value of $205,600.00. Following the purchase, the director now directly owns 6,086 shares of the company’s stock, valued at approximately $312,820.40. The disclosure for this purchase can be found here. Insiders acquired 52,588 shares of company stock valued at $2,722,275 over the last 90 days. 3.18% of the stock is currently owned by company insiders.
Shares of BG opened at $51.42 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 0.76. Bunge Ltd has a one year low of $47.26 and a one year high of $73.13. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 18.90 and a beta of 0.91.
Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.33. Bunge had a net margin of 0.74% and a return on equity of 7.81%. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $10.67 billion. During the same period last year, the business posted ($0.06) earnings per share. Bunge’s quarterly revenue was down 6.6% compared to the same quarter last year. Sell-side analysts predict that Bunge Ltd will post 2.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.89%. Bunge’s dividend payout ratio (DPR) is presently 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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