Westpac Banking Corp lowered its holdings in shares of Bunge Limited (NYSE:BG – Get Rating) by 7.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,522 shares of the basic materials company's stock after selling 1,365 shares during the period. Westpac Banking Corp's holdings in Bunge were worth $1,648,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Accurate Wealth Management LLC acquired a new position in shares of Bunge during the 4th quarter worth approximately $26,000. TCI Wealth Advisors Inc. lifted its position in shares of Bunge by 96.9% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 382 shares of the basic materials company's stock worth $32,000 after buying an additional 188 shares during the last quarter. Riverview Trust Co raised its stake in Bunge by 73.3% during the fourth quarter. Riverview Trust Co now owns 338 shares of the basic materials company's stock worth $34,000 after acquiring an additional 143 shares in the last quarter. Pinnacle Holdings LLC bought a new position in shares of Bunge in the first quarter worth about $36,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Bunge in the 4th quarter valued at approximately $52,000. Institutional investors own 82.62% of the company's stock.
Get Bunge alerts:Bunge Stock Performance
Shares of BG stock opened at $92.54 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 0.87. Bunge Limited has a one year low of $80.41 and a one year high of $118.99. The business's 50 day simple moving average is $95.41 and its 200 day simple moving average is $96.97. The stock has a market capitalization of $13.88 billion, a PE ratio of 8.80 and a beta of 0.65.
Bunge (NYSE:BG – Get Rating) last posted its quarterly earnings data on Wednesday, February 8th. The basic materials company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.05. The company had revenue of $16.66 billion during the quarter, compared to analysts' expectations of $18.20 billion. Bunge had a net margin of 2.39% and a return on equity of 22.89%. Bunge's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.49 earnings per share. As a group, research analysts forecast that Bunge Limited will post 11.73 earnings per share for the current year.
Bunge Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 19th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, May 18th. Bunge's payout ratio is 23.76%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on BG shares. Morgan Stanley lowered their price objective on shares of Bunge from $120.00 to $105.00 and set an "equal weight" rating for the company in a research report on Thursday, April 13th. Robert W. Baird cut Bunge from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $127.00 to $115.00 in a report on Thursday, February 9th. BMO Capital Markets initiated coverage on Bunge in a research note on Thursday, April 13th. They set an "outperform" rating and a $120.00 price target on the stock. Finally, StockNews.com lowered shares of Bunge from a "buy" rating to a "hold" rating in a report on Thursday, April 13th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Bunge presently has a consensus rating of "Moderate Buy" and an average price target of $121.22.
Bunge Company Profile
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Bunge Ltd. operates as a holding company. engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment is involved in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products.
Further Reading
- Get a free copy of the StockNews.com research report on Bunge (BG)
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