Rockefeller Capital Management L.P. Acquires 1,850 Shares of Bunge Ltd (NYSE:BG)

Rockefeller Capital Management L.P. raised its position in Bunge Ltd (NYSE:BG) by 113.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,484 shares of the basic materials company’s stock after purchasing an additional 1,850 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Bunge were worth $200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of BG. State Street Corp increased its position in Bunge by 2.4% during the fourth quarter. State Street Corp now owns 4,778,960 shares of the basic materials company’s stock worth $275,029,000 after buying an additional 111,297 shares during the last quarter. Marathon Asset Management LLP increased its holdings in shares of Bunge by 6.8% during the 4th quarter. Marathon Asset Management LLP now owns 2,064,123 shares of the basic materials company’s stock worth $118,793,000 after acquiring an additional 130,523 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Bunge by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,022,232 shares of the basic materials company’s stock worth $58,830,000 after acquiring an additional 31,506 shares during the last quarter. California Public Employees Retirement System raised its stake in Bunge by 11.1% in the 3rd quarter. California Public Employees Retirement System now owns 931,687 shares of the basic materials company’s stock valued at $52,752,000 after acquiring an additional 92,780 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Bunge by 1.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 633,553 shares of the basic materials company’s stock valued at $35,872,000 after acquiring an additional 7,631 shares during the period. Institutional investors and hedge funds own 79.58% of the company’s stock.

In other Bunge news, EVP Joseph Podwika purchased 15,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $53.47 per share, with a total value of $802,050.00. Following the completion of the transaction, the executive vice president now owns 15,000 shares in the company, valued at $802,050. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John W. Neppl acquired 5,863 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of $53.90 per share, with a total value of $316,015.70. Following the purchase, the chief financial officer now directly owns 20,125 shares in the company, valued at $1,084,737.50. The disclosure for this purchase can be found here. Insiders purchased a total of 71,793 shares of company stock valued at $3,776,209 over the last 90 days. 3.18% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on the stock. Credit Suisse Group reaffirmed a “buy” rating on shares of Bunge in a research report on Monday, November 4th. Goldman Sachs Group upgraded shares of Bunge from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.00 to $67.00 in a report on Tuesday, December 10th. ValuEngine lowered shares of Bunge from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Bunge from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Bunge has an average rating of “Buy” and a consensus target price of $68.00.

Shares of NYSE:BG traded down $1.22 during trading on Friday, reaching $46.63. 142,753 shares of the stock were exchanged, compared to its average volume of 1,161,817. Bunge Ltd has a 12 month low of $47.26 and a 12 month high of $59.65. The firm has a market cap of $7.17 billion, a PE ratio of -4.95 and a beta of 0.90. The stock has a 50-day moving average price of $54.05 and a 200-day moving average price of $55.05. The company has a current ratio of 1.55, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80.

Bunge (NYSE:BG) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.27 EPS for the quarter, beating the consensus estimate of $0.22 by $1.05. The company had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $11.34 billion. Bunge had a positive return on equity of 12.87% and a negative net margin of 3.13%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, sell-side analysts expect that Bunge Ltd will post 3.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 17th will be paid a $0.50 dividend. The ex-dividend date is Thursday, February 13th. This represents a $2.00 annualized dividend and a yield of 4.29%. Bunge’s dividend payout ratio (DPR) is presently 43.67%.

Bunge 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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