Jolley Asset Management LLC raised its position in shares of Bunge Ltd (NYSE:BG) by 10.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,085 shares of the basic materials company’s stock after purchasing an additional 850 shares during the quarter. Jolley Asset Management LLC’s holdings in Bunge were worth $506,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BG. Cornerstone Advisors Inc. lifted its holdings in shares of Bunge by 65.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 593 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 234 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in Bunge in the 2nd quarter worth about $202,000. Machina Capital S.A.S. purchased a new stake in Bunge in the 2nd quarter worth about $216,000. HRT Financial LLC purchased a new stake in Bunge in the 4th quarter worth about $211,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Bunge in the 1st quarter worth about $222,000. 80.20% of the stock is owned by institutional investors and hedge funds.

NYSE:BG remained flat at $$56.93 during mid-day trading on Monday. The company had a trading volume of 82,214 shares, compared to its average volume of 728,218. The firm’s 50 day simple moving average is $56.60. The stock has a market capitalization of $8.04 billion, a P/E ratio of 20.93 and a beta of 0.86. Bunge Ltd has a one year low of $47.26 and a one year high of $72.35. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.40 and a quick ratio of 0.66.

Bunge (NYSE:BG) last announced its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.33. Bunge had a return on equity of 7.81% and a net margin of 0.74%. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $10.67 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. Research analysts anticipate that Bunge Ltd will post 2.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be given a $0.50 dividend. The ex-dividend date is Monday, August 19th. This represents a $2.00 annualized dividend and a yield of 3.51%. Bunge’s payout ratio is currently 73.53%.

In other Bunge news, Director Henry Ward Iv Winship bought 4,000 shares of Bunge stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average cost of $51.40 per share, with a total value of $205,600.00. Following the completion of the purchase, the director now owns 6,086 shares of the company’s stock, valued at $312,820.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory A. Heckman bought 38,588 shares of Bunge stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $51.93 per share, for a total transaction of $2,003,874.84. Following the completion of the purchase, the chief executive officer now directly owns 55,054 shares of the company’s stock, valued at approximately $2,858,954.22. The disclosure for this purchase can be found here. Insiders acquired 212,588 shares of company stock valued at $10,882,275 in the last quarter. Corporate insiders own 3.18% of the company’s stock.

BG has been the subject of a number of recent analyst reports. ValuEngine raised ZIX from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Zacks Investment Research lowered Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Bunge currently has a consensus rating of “Hold” and a consensus target price of $73.33.

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.

Further Reading: Total Return

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Institutional Ownership by Quarter for Bunge (NYSE:BG)

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