Andra AP fonden increased its stake in Bunge Ltd (NYSE: BG) by 90.9% in the third quarter, according to the latest form of Form 13F in the Securities and Exchange Commission. The company held 61,100 shares of the basic raw material company after the purchase of an additional 29 100 shares during the quarter. The assets of Andra AP fonden in Bunge were worth 4,198,000 pounds since the last SEC filing.
Many other institutional investors have also modified their shares in BG. BlackRock Inc. increased its share in Bunge by 41.4% in the second quarter. BlackRock Inc. currently has 12 076 742 shares of the basic raw material package of USD 881 871 000 after purchase of an additional 3 359 679 shares during this period. ING Groep NV acquired a new block of Bunge shares in the second quarter of the value of 64 707 000 $. Renaissance Technologies LLC increased its stake in Bunge by 81.4% in the second quarter. Renaissance Technologies LLC currently owns 1,429,997 shares in a major material company with a value of 99,685,000 USD after purchasing additional 641 597 shares during this period. Virginia Retirement Systems ET AL bought a new stake in Bunge in the second quarter with a value of USD 38 152 000. Finally, Wells Fargo & Company MN increased its stake in Bunge shares by 67.8% in the second quarter. Wells Fargo & Company MN currently holds 1 243 986 shares of the basic raw material package with a value of USD 86 778 000 after the purchase of additional 502 598 shares in that period. Institutional investors and hedge funds hold 79.60% of the company's shares.
In other news Bunge, Director Grain Co Continental bought 155,000 Bunge shares in a transaction that took place on Wednesday, November 7. The shares were acquired at an average cost of USD 63.53 per share, for a total amount of USD 9 887 150.00. After finalizing the transaction, the director now has 3,319,038 shares in the company, valued at USD 210,885.484.14. The purchase was disclosed in a legal notification in the Securities and Exchange Commission, available via this hyperlink. Also, financial director Thomas Boehlert bought 3,200 Bunge shares in a transaction that took place on Monday, November 5. The shares were acquired at an average price of USD 62.68 per share, with a total value of USD 200,586.00. After completing the transaction, the chief financial officer currently holds 3,200 shares of the company with a value of USD 200 576. The disclosure of this purchase can be found here. During the last quarter, investors acquired 163,200 shares of companies worth USD 10,361,881. 1.25% of shares are currently held by corporate employees.
NYSE shares: On Friday, the stock exchange recorded 0.10 USD, while on Friday the prices fell by 0.10 USD. In the course of trade there were 1 791 726 shares of the company, compared to the average amount of 1 729 942. The company has a debt to equity ratio of 0.85, a fast ratio of 0.71 and a liquidity ratio of 1.58. Bunge Ltd reaches the lowest level from 12 months to 25.09 USD and the highest from 12 months 83.20 USD. The company has a market limit of USD 8.45 billion, a price / earnings ratio of 30.11 and a beta ratio of 1.12.
Bunge (NYSE: BG) has recently released its quarterly data on Wednesday, October 31. The primary materials company received $ 2.52 per share (EPS) for the quarter, beating an analyst consensus estimate of $ 2.39 for $ 0.13. Bunge received a return on equity of 7.84% and a net margin of 0.59%. The company generated revenues of USD 11.41 billion per quarter, compared to analysts' estimates of USD 11.95 billion. In the same period last year, the company published 0.75 USD. The company's revenue for this quarter fell by 1% compared to the same quarter last year. Stock analysts predict that Bunge Ltd will issue 4,91 EPS for the current fiscal year.
Several analysts have published company reports. Zacks Investment Research reduced Bunge from the "buy" rating to the "hold" rating in a research note on Thursday, August 2. The Credit Suisse Group lowered the target price for Bunge from USD 80.00 to USD 77.00 and on Thursday, August 2, it set a "higher than average" rating for the stock. Citigroup reduced its target price to Bunge from $ 100.00 to $ 92.00 and set the buy rating for the stock in a research note on Thursday, August 2. JPMorgan Chase & Co. lowered Bunge from "overweight" to "neutral" rating and lowered the target price for the company from $ 82.00 to $ 75.00 in the research note from Thursday, August 2. Finally, ValuEngine raised Bunge from the "sell" rating to the "hold" rating in the research note on Tuesday, October 2. Three analysts rated shares with a rating, and six issued share purchase shares. The company has an average "Buy" rating and an average target price of 78.40 USD.
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Bunge Limited operates as an agribusiness and food company around the world. It operates through five segments: agribusiness, edible petroleum products, ground products, sugar and bioenergy and fertilizer. The agribusiness segment buys, stores, transports, processes and sells agricultural commodities and commodities, including oilseeds, mainly soybeans, oilseed rape, rapeseed and sunflower seeds, as well as grains such as wheat and maize; and vegetable oils and protein meals.
See also: Silent period
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