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Bunge Limited (NYSE:BG) Shares Sold by Western Wealth Management LLC

Defense World ·  09/30 17:32

Western Wealth Management LLC decreased its holdings in shares of Bunge Limited (NYSE:BG – Get Rating) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,983 shares of the basic materials company's stock after selling 181 shares during the period. Western Wealth Management LLC's holdings in Bunge were worth $438,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new stake in Bunge in the second quarter valued at about $32,000. Corbenic Partners LLC acquired a new stake in Bunge in the first quarter valued at about $34,000. Pinnacle Holdings LLC acquired a new stake in Bunge in the first quarter valued at about $36,000. Riverview Trust Co increased its holdings in Bunge by 100.5% in the first quarter. Riverview Trust Co now owns 391 shares of the basic materials company's stock valued at $43,000 after buying an additional 196 shares in the last quarter. Finally, MV Capital Management Inc. purchased a new position in Bunge in the first quarter valued at about $43,000. Institutional investors and hedge funds own 83.48% of the company's stock.

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Bunge Stock Down 2.0 %

BG stock opened at $82.24 on Friday. The stock has a market capitalization of $12.49 billion, a P/E ratio of 7.08, a PEG ratio of 0.97 and a beta of 0.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.71 and a current ratio of 1.51. Bunge Limited has a one year low of $79.91 and a one year high of $128.40. The company has a 50 day moving average price of $94.86 and a two-hundred day moving average price of $102.90.

Bunge (NYSE:BG – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $2.97 earnings per share for the quarter, missing analysts' consensus estimates of $3.40 by ($0.43). The company had revenue of $17.93 billion during the quarter, compared to analyst estimates of $18.64 billion. Bunge had a net margin of 2.73% and a return on equity of 27.43%. The firm's revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.61 EPS. As a group, sell-side analysts expect that Bunge Limited will post 12.65 EPS for the current year.

Bunge Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be issued a $0.625 dividend. The ex-dividend date is Thursday, November 17th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 3.04%. Bunge's dividend payout ratio (DPR) is presently 21.51%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TheStreet cut shares of Bunge from a "b" rating to a "c+" rating in a report on Wednesday, July 27th. StockNews.com cut shares of Bunge from a "buy" rating to a "hold" rating in a report on Thursday, July 28th. JPMorgan Chase & Co. raised shares of Bunge from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $130.00 to $106.00 in a research note on Thursday, July 7th. Monness Crespi & Hardt assumed coverage on shares of Bunge in a research note on Wednesday, July 6th. They set a "buy" rating and a $130.00 price objective for the company. Finally, Bank of America raised shares of Bunge from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $140.00 to $135.00 in a research note on Thursday, June 30th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $118.67.

About Bunge

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Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. 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 processes oilseeds into vegetable oils and protein meals.

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Want to see what other hedge funds are holding BG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bunge Limited (NYSE:BG – Get Rating).

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