Sarasin & Partners LLP Purchases 3,000 Shares of Bunge Ltd (BG)

Sarasin & Partners LLP lifted its position in Bunge Ltd (NYSE:BG) by 8.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,000 shares of the basic materials company’s stock after buying an additional 3,000 shares during the quarter. Sarasin & Partners LLP’s holdings in Bunge were worth $2,748,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in shares of Bunge by 7,200.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,460 shares of the basic materials company’s stock valued at $102,000 after buying an additional 1,440 shares in the last quarter. Cutler Capital Management LLC bought a new stake in shares of Bunge in the 3rd quarter valued at approximately $206,000. Truvestments Capital LLC bought a new stake in shares of Bunge in the 2nd quarter valued at approximately $209,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Bunge in the 3rd quarter valued at approximately $220,000. Finally, Gideon Capital Advisors Inc. bought a new stake in shares of Bunge in the 2nd quarter valued at approximately $226,000. 77.84% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE BG opened at $58.23 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.58 and a quick ratio of 0.71. The firm has a market capitalization of $8.19 billion, a P/E ratio of 30.02 and a beta of 1.12. Bunge Ltd has a one year low of $57.83 and a one year high of $83.20.

Bunge (NYSE:BG) last issued its earnings results on Wednesday, October 31st. The basic materials company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.39 by $0.13. The business had revenue of $11.41 billion during the quarter, compared to analyst estimates of $11.95 billion. Bunge had a return on equity of 7.84% and a net margin of 0.59%. Bunge’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Equities analysts anticipate that Bunge Ltd will post 4.91 EPS for the current year.

In other news, Director Grain Co Continental bought 170,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was acquired at an average cost of $58.80 per share, for a total transaction of $9,996,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Soren Schroder bought 500 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average price of $62.72 per share, with a total value of $31,360.00. The disclosure for this purchase can be found here. Insiders purchased 333,200 shares of company stock valued at $20,357,881 over the last 90 days. 1.25% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on BG shares. Citigroup lowered their price target on Bunge from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Zacks Investment Research lowered Bunge from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Credit Suisse Group cut their price target on Bunge from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, August 2nd. BMO Capital Markets cut their price target on Bunge from $87.00 to $83.00 and set an “outperform” rating for the company in a report on Thursday, November 1st. Finally, ValuEngine upgraded Bunge from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $78.40.

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About Bunge

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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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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