Morgan Stanley Decreases Position in Bunge Ltd (NYSE:BG)

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Morgan Stanley decreased its position in Bunge Ltd (NYSE:BG) by 5.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 485,153 shares of the basic materials company’s stock after selling 28,771 shares during the period. Morgan Stanley owned about 0.34% of Bunge worth $19,906,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Horizon Bancorp Inc. IN acquired a new stake in shares of Bunge in the fourth quarter valued at approximately $58,000. IndexIQ Advisors LLC grew its holdings in Bunge by 23.2% during the 1st quarter. IndexIQ Advisors LLC now owns 1,844 shares of the basic materials company’s stock valued at $76,000 after buying an additional 347 shares during the last quarter. CSat Investment Advisory L.P. increased its position in Bunge by 519.6% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,741 shares of the basic materials company’s stock worth $100,000 after buying an additional 1,460 shares in the last quarter. Acropolis Investment Management LLC raised its holdings in shares of Bunge by 27.4% in the first quarter. Acropolis Investment Management LLC now owns 3,680 shares of the basic materials company’s stock worth $151,000 after acquiring an additional 792 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Bunge in the fourth quarter valued at $217,000. Institutional investors and hedge funds own 79.35% of the company’s stock.

Shares of BG stock opened at $41.13 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.70 and a current ratio of 1.38. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 14.27 and a beta of 0.81. Bunge Ltd has a one year low of $29.00 and a one year high of $59.65. The company has a 50 day moving average price of $38.81 and a 200 day moving average price of $45.38.

Bunge (NYSE:BG) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported ($1.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($2.01). The company had revenue of $9.17 billion for the quarter, compared to analysts’ expectations of $10.03 billion. Bunge had a negative net margin of 3.76% and a positive return on equity of 9.09%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. As a group, equities analysts forecast that Bunge Ltd will post 2.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Friday, August 14th. Bunge’s dividend payout ratio (DPR) is presently 43.67%.

Several research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Bunge from $65.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, March 30th. Credit Suisse Group reissued a “buy” rating and issued a $65.00 price objective on shares of Bunge in a research report on Thursday, June 25th. Stephens restated a “buy” rating and set a $74.00 target price on shares of Bunge in a research report on Thursday, June 25th. TheStreet downgraded Bunge from a “c-” rating to a “d+” rating in a report on Wednesday, March 25th. Finally, Robert W. Baird raised Bunge from a “neutral” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $61.33.

Bunge Company 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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