Mackenzie Financial Corp Boosts Holdings in Bunge Limited (BG)

Mackenzie Financial Corp boosted its holdings in shares of Bunge Limited (NYSE:BG) by 84.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,104 shares of the basic materials company’s stock after acquiring an additional 4,155 shares during the quarter. Mackenzie Financial Corp’s holdings in Bunge were worth $632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BG. Aviance Capital Management LLC bought a new stake in Bunge during the 2nd quarter worth approximately $101,000. Advisor Group Inc. lifted its position in shares of Bunge by 127.8% in the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 841 shares during the period. Creative Planning lifted its position in shares of Bunge by 99.0% in the 2nd quarter. Creative Planning now owns 1,652 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 822 shares during the period. Toronto Dominion Bank lifted its position in shares of Bunge by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 1,714 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 188 shares during the period. Finally, Advisory Services Network LLC lifted its position in shares of Bunge by 559.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,294 shares of the basic materials company’s stock worth $171,000 after purchasing an additional 1,946 shares during the period. 79.86% of the stock is currently owned by hedge funds and other institutional investors.

Bunge Limited (NYSE:BG) opened at $69.67 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.82 and a current ratio of 1.60. Bunge Limited has a 1 year low of $63.87 and a 1 year high of $83.75. The stock has a market cap of $9,813.08, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.96 and a beta of 1.05.

Bunge (NYSE:BG) last released its earnings results on Wednesday, November 1st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.04). Bunge had a net margin of 1.06% and a return on equity of 6.68%. The company had revenue of $11.42 billion for the quarter, compared to analyst estimates of $11.87 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. The firm’s revenue was up .0% on a year-over-year basis. research analysts expect that Bunge Limited will post 2.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, February 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.64%. Bunge’s payout ratio is presently 57.68%.

A number of research analysts have recently issued reports on BG shares. Zacks Investment Research downgraded shares of Bunge from a “hold” rating to a “strong sell” rating in a research report on Friday, October 20th. Piper Jaffray Companies restated a “buy” rating and issued a $86.00 price target on shares of Bunge in a research report on Tuesday, September 5th. Credit Suisse Group restated a “buy” rating and issued a $90.00 price target on shares of Bunge in a research report on Friday, September 15th. Vertical Group downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Robert W. Baird restated a “hold” rating and issued a $77.00 price target on shares of Bunge in a research report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $81.86.

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Bunge Profile

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.

Institutional Ownership by Quarter for Bunge (NYSE:BG)

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