Bunge Ltd (NYSE:BG) Shares Sold by Morgan Stanley

Morgan Stanley lessened its stake in shares of Bunge Ltd (NYSE:BG) by 5.6% during the first quarter, Holdings Channel.com reports. The fund owned 485,153 shares of the basic materials company’s stock after selling 28,771 shares during the period. Morgan Stanley’s holdings in Bunge were worth $19,906,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BG. Nissay Asset Management Corp Japan ADV boosted its stake in Bunge by 2.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 12,965 shares of the basic materials company’s stock valued at $746,000 after buying an additional 298 shares in the last quarter. NorthCoast Asset Management LLC lifted its holdings in Bunge by 3.6% in the 1st quarter. NorthCoast Asset Management LLC now owns 9,472 shares of the basic materials company’s stock valued at $389,000 after acquiring an additional 332 shares during the last quarter. IndexIQ Advisors LLC boosted its position in shares of 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 purchasing an additional 347 shares in the last quarter. Comerica Bank grew its stake in shares of Bunge by 4.4% in the 4th quarter. Comerica Bank now owns 9,137 shares of the basic materials company’s stock worth $479,000 after purchasing an additional 387 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Bunge by 4.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,606 shares of the basic materials company’s stock worth $353,000 after purchasing an additional 402 shares in the last quarter. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BG stock opened at $41.13 on Wednesday. The company 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 1-year low of $29.00 and a 1-year high of $59.65. The company has a current ratio of 1.38, a quick ratio of 0.70 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $38.81 and its 200-day simple moving average is $45.38.

Bunge (NYSE:BG) last released its earnings results on Wednesday, May 6th. The basic materials company reported ($1.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($2.01). The business 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 company’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, sell-side analysts predict that Bunge Ltd will post 2.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 payout ratio is presently 43.67%.

BG has been the topic of several recent research reports. Stephens restated a “buy” rating and issued a $74.00 price target on shares of Bunge in a research report on Thursday, June 25th. Goldman Sachs Group upgraded Bunge from a “buy” rating to a “conviction-buy” rating and set a $69.00 target price on the stock in a report on Tuesday, March 17th. Morgan Stanley reduced their target price on Bunge from $65.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, March 30th. Credit Suisse Group reissued a “buy” rating and issued a $65.00 price target on shares of Bunge in a research note on Thursday, June 25th. Finally, TheStreet lowered shares of Bunge from a “c-” rating to a “d+” rating in a research note on Wednesday, March 25th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $61.33.

About Bunge

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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