Gamco Investors INC. ET AL grew its holdings in Bunge Ltd (NYSE:BG) by 43.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 209,789 shares of the basic materials company’s stock after purchasing an additional 63,250 shares during the quarter. Gamco Investors INC. ET AL owned 0.15% of Bunge worth $14,415,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of BG. BlackRock Inc. raised its holdings in Bunge by 41.4% during the second quarter. BlackRock Inc. now owns 12,076,742 shares of the basic materials company’s stock worth $841,871,000 after purchasing an additional 3,535,679 shares in the last quarter. ING Groep NV acquired a new stake in Bunge during the second quarter worth approximately $64,707,000. Renaissance Technologies LLC raised its holdings in Bunge by 81.4% during the second quarter. Renaissance Technologies LLC now owns 1,429,997 shares of the basic materials company’s stock worth $99,685,000 after purchasing an additional 641,597 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Bunge during the second quarter worth approximately $38,152,000. Finally, Wells Fargo & Company MN raised its holdings in Bunge by 67.8% during the second quarter. Wells Fargo & Company MN now owns 1,243,966 shares of the basic materials company’s stock worth $86,718,000 after purchasing an additional 502,598 shares in the last quarter. 80.66% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Bunge from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Bunge from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Citigroup lowered their target price on shares of Bunge from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Credit Suisse Group lowered their target price on shares of Bunge from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, August 2nd. Finally, BMO Capital Markets lowered their target price on shares of Bunge from $87.00 to $83.00 and set an “outperform” rating on the stock in a research report on Thursday, November 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $78.40.
NYSE:BG opened at $62.48 on Friday. Bunge Ltd has a 1-year low of $61.26 and a 1-year high of $83.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 1.58. The firm has a market capitalization of $8.91 billion, a P/E ratio of 32.21 and a beta of 1.12.
Bunge (NYSE:BG) last posted its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.13. Bunge had a net margin of 0.59% and a return on equity of 7.84%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $11.95 billion. During the same period last year, the firm posted $0.75 EPS. Bunge’s quarterly revenue was down .1% on a year-over-year basis. Analysts forecast that Bunge Ltd will post 4.91 earnings per share for the current fiscal year.
Bunge Limited operates as an agribusiness and food company worldwide. It operates through 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 grain, such as wheat and corn; and vegetable oils and protein meals.
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