Rothschild Investment Corp IL Decreases Stock Holdings in Bunge Ltd (NYSE:BG)

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Rothschild Investment Corp IL reduced its stake in shares of Bunge Ltd (NYSE:BG) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,000 shares of the basic materials company’s stock after selling 2,900 shares during the quarter. Rothschild Investment Corp IL’s holdings in Bunge were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. CENTRAL TRUST Co increased its position in Bunge by 8.9% during the fourth quarter. CENTRAL TRUST Co now owns 3,342 shares of the basic materials company’s stock worth $192,000 after buying an additional 272 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Bunge by 92.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,583 shares of the basic materials company’s stock valued at $1,127,000 after buying an additional 9,383 shares during the period. Wedbush Securities Inc. increased its stake in Bunge by 50.4% during the fourth quarter. Wedbush Securities Inc. now owns 5,973 shares of the basic materials company’s stock worth $344,000 after acquiring an additional 2,001 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Bunge in the fourth quarter valued at approximately $229,000. Finally, Tocqueville Asset Management L.P. increased its position in shares of Bunge by 42.6% in the fourth quarter. Tocqueville Asset Management L.P. now owns 350,669 shares of the basic materials company’s stock worth $20,181,000 after acquiring an additional 104,712 shares in the last quarter. Institutional investors own 78.48% of the company’s stock.

In other Bunge news, insider Jerry Matthews Simmons, Jr. sold 1,786 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $54.65, for a total value of $97,604.90. Following the completion of the transaction, the insider now directly owns 11,323 shares in the company, valued at $618,801.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.18% of the company’s stock.

Several brokerages recently issued reports on BG. TheStreet cut Bunge from a “b-” rating to a “c-” rating in a research note on Wednesday, October 30th. Goldman Sachs Group raised shares of Bunge from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.00 to $67.00 in a report on Tuesday, December 10th. ValuEngine downgraded shares of Bunge from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Stephens assumed coverage on shares of Bunge in a report on Tuesday, October 8th. They issued an “overweight” rating and a $74.00 price target for the company. Finally, Credit Suisse Group reaffirmed a “buy” rating on shares of Bunge in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.40.

BG stock opened at $55.32 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.73 and a current ratio of 1.47. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of -5.89 and a beta of 0.88. Bunge Ltd has a 1 year low of $47.26 and a 1 year high of $59.65. The stock’s fifty day moving average is $56.23 and its two-hundred day moving average is $55.65.

Bunge (NYSE:BG) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.87. The business had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $11.14 billion. Bunge had a negative net margin of 3.09% and a positive return on equity of 9.31%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.52 EPS. As a group, analysts predict that Bunge Ltd will post 2.67 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 17th will be given a $0.50 dividend. The ex-dividend date is Thursday, February 13th. This represents a $2.00 annualized dividend and a yield of 3.62%. Bunge’s dividend payout ratio (DPR) is 73.53%.

Bunge Profile

Bunge Limited operates as an agribusiness and food company worldwide. It operates in 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 grains primarily 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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