Virginia Retirement Systems ET AL Cuts Stake in Bunge Limited (BG)

Virginia Retirement Systems ET AL lowered its position in shares of Bunge Limited (NYSE:BG) by 66.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,700 shares of the basic materials company’s stock after selling 67,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Bunge were worth $2,410,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc boosted its position in Bunge by 4.1% during the third quarter. Legal & General Group Plc now owns 907,918 shares of the basic materials company’s stock valued at $63,060,000 after purchasing an additional 35,864 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in Bunge during the third quarter valued at about $5,592,000. Nordea Investment Management AB boosted its position in Bunge by 18.0% during the third quarter. Nordea Investment Management AB now owns 232,077 shares of the basic materials company’s stock valued at $16,120,000 after purchasing an additional 35,430 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in Bunge during the third quarter valued at about $4,307,000. Finally, Catalyst Capital Advisors LLC boosted its position in Bunge by 8.0% during the third quarter. Catalyst Capital Advisors LLC now owns 19,550 shares of the basic materials company’s stock valued at $1,358,000 after purchasing an additional 1,450 shares in the last quarter. Hedge funds and other institutional investors own 79.86% of the company’s stock.

Shares of Bunge Limited (NYSE:BG) opened at $67.14 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.60 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $9,440.47, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. Bunge Limited has a twelve month low of $63.87 and a twelve month high of $83.75.

Bunge (NYSE:BG) last issued its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.04). The business had revenue of $11.42 billion during the quarter, compared to analyst estimates of $11.87 billion. Bunge had a return on equity of 6.68% and a net margin of 1.06%. Bunge’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. sell-side analysts forecast that Bunge Limited will post 2.97 EPS for the current year.

BG has been the topic of a number of recent research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $86.00 price objective on shares of Bunge in a research report on Tuesday, September 5th. Robert W. Baird initiated coverage on Bunge in a research report on Monday, September 11th. They set a “neutral” rating and a $77.00 price objective on the stock. Vertical Group downgraded Bunge from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Credit Suisse Group reaffirmed a “buy” rating and set a $90.00 price objective on shares of Bunge in a research report on Friday, September 15th. Finally, Zacks Investment Research downgraded Bunge from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $81.86.

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About Bunge

Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, 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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