Los Angeles Capital Management LLC Decreases Stock Holdings in Bunge Limited (NYSE:BG)

Los Angeles Capital Management LLC trimmed its holdings in Bunge Limited (NYSE:BG) by 95.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,535 shares of the basic materials company’s stock after selling 123,211 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Bunge were worth $450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in shares of Bunge by 17.9% during the 2nd quarter. Private Advisor Group LLC now owns 17,943 shares of the basic materials company’s stock worth $1,402,000 after buying an additional 2,721 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Bunge during the 3rd quarter worth approximately $1,603,000. Federated Hermes Inc. increased its holdings in shares of Bunge by 3.8% during the 2nd quarter. Federated Hermes Inc. now owns 35,556 shares of the basic materials company’s stock worth $2,778,000 after buying an additional 1,288 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Bunge during the 2nd quarter worth approximately $245,000. Finally, Virtu Financial LLC acquired a new stake in shares of Bunge during the 2nd quarter worth approximately $382,000. 83.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Deborah Borg sold 35,055 shares of the business’s stock in a transaction on Friday, October 22nd. The shares were sold at an average price of $88.30, for a total value of $3,095,356.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 36,224 shares of company stock valued at $3,198,682. Corporate insiders own 3.70% of the company’s stock.

Several analysts recently weighed in on the stock. Stephens lifted their target price on shares of Bunge from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, October 28th. Morgan Stanley dropped their target price on shares of Bunge from $98.00 to $92.00 and set an “equal weight” rating for the company in a report on Thursday. BMO Capital Markets lifted their target price on shares of Bunge from $98.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, October 28th. JPMorgan Chase & Co. assumed coverage on shares of Bunge in a report on Wednesday. They issued a “hold” rating and a $94.00 target price for the company. Finally, Barclays lifted their target price on shares of Bunge from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, October 28th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Bunge has an average rating of “Buy” and an average price target of $98.22.

NYSE:BG opened at $98.71 on Friday. The company has a fifty day simple moving average of $91.71 and a two-hundred day simple moving average of $84.13. The company has a market cap of $13.87 billion, a price-to-earnings ratio of 6.20, a price-to-earnings-growth ratio of 1.56 and a beta of 0.65. The company has a quick ratio of 0.87, a current ratio of 1.69 and a debt-to-equity ratio of 0.69. Bunge Limited has a 52 week low of $62.07 and a 52 week high of $99.93.

Bunge (NYSE:BG) last released its quarterly earnings data on Tuesday, October 26th. The basic materials company reported $3.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $2.30. The business had revenue of $14.12 billion during the quarter, compared to analysts’ expectations of $13.89 billion. Bunge had a net margin of 4.31% and a return on equity of 29.63%. The company’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.47 EPS. On average, analysts expect that Bunge Limited will post 12.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 2nd. Stockholders of record on Wednesday, February 16th will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, February 15th. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. Bunge’s dividend payout ratio (DPR) is currently 13.20%.

Bunge Company Profile

Bunge Ltd. operates as a holding company, which engages in the supply and transportation of agricultural commodities. It operates through the following segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment involves in the purchase, storage, transportation, processing, and sale of agricultural commodities and commodity products.

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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