Gideon Capital Advisors Inc. Takes Position in Bunge Ltd (BG)

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Gideon Capital Advisors Inc. purchased a new position in Bunge Ltd (NYSE:BG) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,608 shares of the basic materials company’s stock, valued at approximately $353,000.

Several other hedge funds and other institutional investors have also modified their holdings of BG. Penserra Capital Management LLC acquired a new stake in Bunge during the 4th quarter worth about $27,000. First Mercantile Trust Co. lifted its position in Bunge by 44.6% during the 4th quarter. First Mercantile Trust Co. now owns 1,200 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 370 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Bunge by 7,122.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,805,409 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 3,752,723 shares during the period. Acropolis Investment Management LLC acquired a new stake in Bunge during the 4th quarter worth about $154,000. Finally, Veritable L.P. acquired a new stake in Bunge during the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 81.50% of the company’s stock.

Shares of Bunge stock opened at $52.05 on Friday. Bunge Ltd has a twelve month low of $48.89 and a twelve month high of $76.95. The company has a quick ratio of 0.72, a current ratio of 1.54 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $7.34 billion, a P/E ratio of 19.14 and a beta of 0.93.

Bunge (NYSE:BG) last posted its quarterly earnings data on Thursday, February 21st. The basic materials company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). Bunge had a return on equity of 6.79% and a net margin of 0.58%. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.44 billion. During the same quarter last year, the firm posted $0.67 earnings per share. Bunge’s quarterly revenue was down .5% on a year-over-year basis. Analysts forecast that Bunge Ltd will post 2.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.84%. Bunge’s dividend payout ratio (DPR) is currently 73.53%.

Several equities analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating on shares of Bunge in a report on Friday, February 22nd. Morgan Stanley decreased their price objective on Bunge from $84.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, February 25th. ValuEngine cut Bunge from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research raised Bunge from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Finally, Citigroup decreased their price objective on Bunge from $82.00 to $80.00 and set a “buy” rating for the company in a report on Monday, December 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $74.67.

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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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