First Quadrant L P CA cut its stake in Bunge Limited (NYSE:BG) by 34.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 218,692 shares of the basic materials company’s stock after selling 116,377 shares during the period. First Quadrant L P CA owned approximately 0.16% of Bunge Limited worth $15,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. IndexIQ Advisors LLC boosted its stake in Bunge Limited by 0.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 3,242 shares of the basic materials company’s stock worth $242,000 after purchasing an additional 27 shares during the period. Rothschild Asset Management Inc. boosted its stake in Bunge Limited by 1.3% in the 2nd quarter. Rothschild Asset Management Inc. now owns 6,170 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 81 shares during the period. Bank of Hawaii boosted its stake in Bunge Limited by 1.0% in the 2nd quarter. Bank of Hawaii now owns 13,189 shares of the basic materials company’s stock worth $984,000 after purchasing an additional 129 shares during the period. Suntrust Banks Inc. boosted its stake in Bunge Limited by 3.8% in the 2nd quarter. Suntrust Banks Inc. now owns 4,537 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 166 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Bunge Limited by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 188 shares during the period. 79.70% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on BG. Piper Jaffray Companies set a $86.00 target price on shares of Bunge Limited and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Citigroup Inc. downgraded shares of Bunge Limited from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Thursday, September 28th. J P Morgan Chase & Co downgraded shares of Bunge Limited to a “neutral – underweight” rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 4th. Zacks Investment Research upgraded shares of Bunge Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Robert W. Baird assumed coverage on shares of Bunge Limited in a research note on Monday, September 11th. They set a “neutral” rating and a $77.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.86.

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Shares of Bunge Limited (NYSE:BG) traded down 1.14% during midday trading on Tuesday, hitting $68.48. 285,730 shares of the stock were exchanged. Bunge Limited has a 1-year low of $61.98 and a 1-year high of $83.75. The firm’s 50 day moving average is $70.63 and its 200-day moving average is $74.88. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 19.58 and a beta of 1.01.

Bunge Limited (NYSE:BG) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.07. Bunge Limited had a net margin of 1.12% and a return on equity of 6.65%. The business had revenue of $11.65 billion for the quarter, compared to analysts’ expectations of $10.88 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, analysts predict that Bunge Limited will post $3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.66%. The ex-dividend date is Friday, November 17th. Bunge Limited’s dividend payout ratio (DPR) is presently 53.64%.

Bunge Limited 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.

Institutional Ownership by Quarter for Bunge Limited (NYSE:BG)

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