Bunge Ltd (NYSE:BG) Position Increased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its position in Bunge Ltd (NYSE:BG) by 101.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 247,699 shares of the basic materials company’s stock after buying an additional 124,900 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.18% of Bunge worth $13,145,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Northern Trust Corp raised its position in Bunge by 2.5% in the 1st quarter. Northern Trust Corp now owns 2,215,302 shares of the basic materials company’s stock worth $117,566,000 after purchasing an additional 54,324 shares during the period. Teza Capital Management LLC purchased a new position in shares of Bunge during the first quarter worth approximately $323,000. FIL Ltd increased its position in shares of Bunge by 223.5% during the first quarter. FIL Ltd now owns 1,766,886 shares of the basic materials company’s stock worth $93,768,000 after acquiring an additional 1,220,696 shares during the period. AlphaCrest Capital Management LLC purchased a new position in shares of Bunge during the first quarter worth approximately $518,000. Finally, Parkside Investments LLC increased its position in shares of Bunge by 59.3% during the first quarter. Parkside Investments LLC now owns 56,945 shares of the basic materials company’s stock worth $3,022,000 after acquiring an additional 21,195 shares during the period. 80.19% of the stock is owned by institutional investors.

BG traded down $0.12 on Friday, reaching $56.61. 434,021 shares of the company’s stock were exchanged, compared to its average volume of 1,406,133. The firm has a market capitalization of $8.01 billion, a PE ratio of 20.81 and a beta of 0.86. Bunge Ltd has a twelve month low of $47.26 and a twelve month high of $72.35. The business has a fifty day moving average price of $54.76. The company has a current ratio of 1.40, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76.

Bunge (NYSE:BG) last posted its earnings results on Wednesday, May 8th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.33. The company had revenue of $9.94 billion for the quarter, compared to analyst estimates of $10.67 billion. Bunge had a net margin of 0.74% and a return on equity of 7.81%. Bunge’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. Analysts expect that Bunge Ltd will post 2.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.53%. The ex-dividend date is Monday, August 19th. Bunge’s payout ratio is currently 73.53%.

A number of equities analysts have recently issued reports on BG shares. JPMorgan Chase & Co. started coverage on shares of Bunge in a research note on Thursday, March 28th. They set a “neutral” rating and a $67.00 price objective on the stock. ValuEngine downgraded shares of Bunge from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Finally, Zacks Investment Research upgraded shares of Bunge from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Bunge currently has an average rating of “Hold” and a consensus target price of $73.33.

In related news, insider Brian Zachman purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average price of $51.28 per share, for a total transaction of $512,800.00. Following the acquisition, the insider now directly owns 24,611 shares of the company’s stock, valued at approximately $1,262,052.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory A. Heckman purchased 38,588 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $51.93 per share, with a total value of $2,003,874.84. Following the acquisition, the chief executive officer now directly owns 55,054 shares in the company, valued at $2,858,954.22. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 212,588 shares of company stock worth $10,882,275. 3.18% of the stock is owned by insiders.

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: Why do analysts give a neutral rating?

Institutional Ownership by Quarter for Bunge (NYSE:BG)

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