Harding Loevner Lp buys $284,769,741 stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Harding Loevner Lp scooped up 23,911 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 4,656,905 shares of Bunge Ltd which is valued at $284,769,741.Bunge Ltd makes up approximately 2.14% of Harding Loevner Lp’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in BG in the latest quarter, The investment management firm added 105 additional shares and now holds a total of 4,465 shares of Bunge Ltd which is valued at $273,035. Bunge Ltd makes up approx 0.08% of Independent Portfolio Consultants’s portfolio.Capstone Asset Management Co reduced its stake in BG by selling 220 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 4,855 shares of BG which is valued at $292,320. Bunge Ltd makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in BG in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 1,253 shares of Bunge Ltd which is valued at $75,443.Breton Hill Capital Ltd. reduced its stake in BG by selling 3,933 shares or 21.1% in the most recent quarter. The Hedge Fund company now holds 14,705 shares of BG which is valued at $885,388. Bunge Ltd makes up approx 0.28% of Breton Hill Capital Ltd.’s portfolio. Hollencrest Securities sold out all of its stake in BG during the most recent quarter. The investment firm sold 5,459 shares of BG which is valued $327,540.

Bunge Ltd opened for trading at $61.05 and hit $61.68 on the upside on Monday, eventually ending the session at $61.15, with a gain of 0.16% or 0.1 points. The heightened volatility saw the trading volume jump to 9,71,362 shares. Company has a market cap of $8,523 M.

On the company’s financial health, Bunge Ltd reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.65 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.76. The company had revenue of $8916.00 million for the quarter, compared to analysts expectations of $10124.78 million. The company’s revenue was down -17.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.58 EPS.

Investors should note that on May 24, 2016, Bunge Ltd announced a cash dividend of $0.4200. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 2, 2016.

Many Wall Street Analysts have commented on Bunge Ltd. BB&T Capital Mkts Initiated Bunge Ltd on Jul 12, 2016 to “Buy”, Price Target of the shares are set at $75.Bunge Ltd was Downgraded by JP Morgan to ” Neutral” on Apr 22, 2016.

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: The Agribusiness segment is involved in the purchase storage transport processing and sale of agricultural commodities and commodity products. Edible oil products and milling products segments include businesses that produce and sell edible oil based products including oils shortenings margarines and mayonnaise and milled grain products such as wheat flours corn-based products and rice. The sugar and bioenergy segment produces and sells sugar and ethanol derived from sugarcane as well as energy derived from their production process through its operations in Brazil. The fertilizer segment is involved in producing blending and distributing fertilizer products for the agricultural industry in South America with assets and operations primarily in Argentina and port facilities in Brazil and Argentina.

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