SG Americas Securities LLC Grows Position in Bunge Ltd (BG)

SG Americas Securities LLC increased its stake in shares of Bunge Ltd (NYSE:BG) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,301 shares of the basic materials company’s stock after buying an additional 992 shares during the quarter. SG Americas Securities LLC’s holdings in Bunge were worth $2,975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC lifted its position in Bunge by 9.9% in the second quarter. Vident Investment Advisory LLC now owns 21,731 shares of the basic materials company’s stock valued at $1,515,000 after purchasing an additional 1,954 shares during the period. First Manhattan Co. acquired a new stake in Bunge in the third quarter valued at about $604,000. Truvestments Capital LLC acquired a new stake in Bunge in the second quarter valued at about $209,000. Robecosam AG lifted its position in Bunge by 18.7% in the second quarter. Robecosam AG now owns 20,073 shares of the basic materials company’s stock valued at $1,397,000 after purchasing an additional 3,168 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in Bunge in the third quarter valued at about $440,000. 77.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. ValuEngine upgraded shares of Bunge from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Credit Suisse Group reduced their price target on shares of Bunge from $80.00 to $77.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. JPMorgan Chase & Co. downgraded shares of Bunge from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $82.00 to $75.00 in a research report on Thursday, August 2nd. Finally, Citigroup reduced their price target on shares of Bunge from $100.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Bunge presently has a consensus rating of “Buy” and a consensus target price of $78.40.

Shares of Bunge stock opened at $57.51 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. Bunge Ltd has a 1 year low of $57.16 and a 1 year high of $83.20. The company has a market cap of $8.09 billion, a P/E ratio of 29.64 and a beta of 1.12.

Bunge (NYSE:BG) last issued its quarterly earnings data on Wednesday, October 31st. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.13. Bunge had a return on equity of 7.84% and a net margin of 0.59%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $11.95 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Bunge Ltd will post 4.91 EPS for the current fiscal year.

In related news, Director Grain Co Continental acquired 155,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was purchased at an average cost of $63.53 per share, for a total transaction of $9,847,150.00. Following the transaction, the director now directly owns 3,319,038 shares of the company’s stock, valued at approximately $210,858,484.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Soren Schroder acquired 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were bought at an average price of $63.11 per share, with a total value of $94,665.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 333,200 shares of company stock valued at $20,357,881 over the last 90 days. Insiders own 1.25% of the company’s stock.

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Bunge Company Profile

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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