Oppenheimer & Co. Inc. Reduces Holdings in Bunge Ltd (NYSE:BG)

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Oppenheimer & Co. Inc. reduced its position in shares of Bunge Ltd (NYSE:BG) by 47.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,913 shares of the basic materials company’s stock after selling 4,400 shares during the period. Oppenheimer & Co. Inc.’s holdings in Bunge were worth $273,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FIL Ltd boosted its position in shares of Bunge by 223.5% in the first quarter. FIL Ltd now owns 1,766,886 shares of the basic materials company’s stock worth $93,768,000 after acquiring an additional 1,220,696 shares during the last quarter. Prudential Financial Inc. lifted its position in Bunge by 1,245.8% during the second quarter. Prudential Financial Inc. now owns 487,255 shares of the basic materials company’s stock valued at $27,145,000 after buying an additional 451,050 shares in the last quarter. Marathon Asset Management LLP lifted its position in Bunge by 17.5% during the second quarter. Marathon Asset Management LLP now owns 1,870,751 shares of the basic materials company’s stock valued at $104,211,000 after buying an additional 278,786 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of Bunge during the second quarter valued at approximately $15,070,000. Finally, Janus Henderson Group PLC raised its stake in shares of Bunge by 167.8% during the first quarter. Janus Henderson Group PLC now owns 253,156 shares of the basic materials company’s stock valued at $13,435,000 after purchasing an additional 158,632 shares during the period. 79.88% of the stock is currently owned by institutional investors.

NYSE BG traded down $0.04 on Friday, hitting $57.46. 260,131 shares of the company were exchanged, compared to its average volume of 860,936. The firm has a market capitalization of $8.07 billion, a P/E ratio of 21.13 and a beta of 0.88. Bunge Ltd has a twelve month low of $47.26 and a twelve month high of $72.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.49 and a quick ratio of 0.70. The company’s 50 day moving average price is $55.27 and its 200-day moving average price is $53.92.

Bunge (NYSE:BG) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $1.20. Bunge had a return on equity of 11.39% and a net margin of 1.30%. The firm had revenue of $10.10 billion during the quarter, compared to analysts’ expectations of $12 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was down 16.9% on a year-over-year basis. As a group, equities analysts expect that Bunge Ltd will post 3.62 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. Bunge’s dividend payout ratio (DPR) is presently 73.53%.

BG has been the topic of a number of analyst reports. TheStreet upgraded shares of Bunge from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. Zacks Investment Research lowered shares of Bunge from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $71.50.

In other Bunge news, Director Grain Co Continental purchased 20,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was bought at an average cost of $52.27 per share, for a total transaction of $1,045,400.00. Following the completion of the acquisition, the director now directly owns 3,931,155 shares in the company, valued at $205,481,471.85. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.18% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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