HBK Investments L P increased its holdings in Bunge Ltd (NYSE:BG) by 24.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,803 shares of the basic materials company’s stock after buying an additional 43,803 shares during the period. HBK Investments L P owned 0.16% of Bunge worth $14,744,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. boosted its holdings in Bunge by 127.8% in the 3rd quarter. Advisor Group Inc. now owns 1,499 shares of the basic materials company’s stock worth $104,000 after buying an additional 841 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in Bunge in the 4th quarter worth approximately $101,000. Cerebellum GP LLC bought a new position in Bunge in the 4th quarter worth approximately $129,000. American International Group Inc. bought a new position in Bunge in the 4th quarter worth approximately $197,000. Finally, KCS Wealth Advisory bought a new position in Bunge in the 4th quarter valued at $200,000. 79.37% of the stock is owned by institutional investors.
Shares of Bunge Ltd (NYSE:BG) opened at $75.93 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 0.62. The firm has a market cap of $10,546.86, a price-to-earnings ratio of 38.64, a PEG ratio of 1.60 and a beta of 1.13. Bunge Ltd has a 52-week low of $63.87 and a 52-week high of $83.75.
BG has been the subject of several analyst reports. Stephens raised shares of Bunge from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research raised shares of Bunge from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 30th. Piper Jaffray Companies reissued a “buy” rating on shares of Bunge in a report on Thursday, February 15th. Credit Suisse Group reissued a “buy” rating and issued a $84.00 price target on shares of Bunge in a report on Friday, February 16th. Finally, Vertical Group raised shares of Bunge from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $85.86.
Bunge Limited is an agribusiness and food company with integrated operations that stretch from the farm field to consumer foods. The Company operates through five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. Its Agribusiness segment is an integrated, global business involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products.
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