At Bancorp buys $7,572,655 stake in Bunge Ltd (BG)

Bunge Ltd (BG) : At Bancorp scooped up 73,723 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 116,252 shares of Bunge Ltd which is valued at $7,572,655.Bunge Ltd makes up approximately 1.07% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Icon Advisers Incco boosted its stake in BG in the latest quarter, The investment management firm added 10,500 additional shares and now holds a total of 19,900 shares of Bunge Ltd which is valued at $1,296,286. Bunge Ltd makes up approx 0.09% of Icon Advisers Incco’s portfolio.Stephens Inc Ar boosted its stake in BG in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 3,833 shares of Bunge Ltd which is valued at $253,783. Bunge Ltd makes up approx 0.01% of Stephens Inc Ar’s portfolio.Pitcairn Co reduced its stake in BG by selling 337 shares or 6.41% in the most recent quarter. The Hedge Fund company now holds 4,921 shares of BG which is valued at $301,313. Bunge Ltd makes up approx 0.04% of Pitcairn Co’s portfolio. Trust Co Of Vermont added BG to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $18,426.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.

Bunge Ltd opened for trading at $64.12 and hit $65.085 on the upside on Wednesday, eventually ending the session at $64.96, with a gain of 1.37% or 0.88 points. The heightened volatility saw the trading volume jump to 9,08,141 shares. Company has a market cap of $9,058 M.

On the company’s financial health, Bunge Ltd reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.40 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.39. The company had revenue of $10541.00 million for the quarter, compared to analysts expectations of $9958.82 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Bunge Ltd. Bunge Ltd was Upgraded by BofA/Merrill to ” Buy” on Aug 2, 2016. BB&T Capital Mkts Initiated Bunge Ltd on Jul 12, 2016 to “Buy”, Price Target of the shares are set at $75.

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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