Foyston Gordon Payne Inc buys $15.4 Million stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Foyston Gordon Payne Inc scooped up 50,543 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 253,403 shares of Bunge Ltd which is valued at $15.4 Million.Bunge Ltd makes up approximately 2.87% of Foyston Gordon Payne Inc’s portfolio.

Other Hedge Funds, Including , Carlson Capital L P reduced its stake in BG by selling 257,800 shares or 8.98% in the most recent quarter. The Hedge Fund company now holds 2,614,200 shares of BG which is valued at $158.6 Million. Bunge Ltd makes up approx 2.02% of Carlson Capital L P’s portfolio.Bessemer Group Inc boosted its stake in BG in the latest quarter, The investment management firm added 1,015 additional shares and now holds a total of 16,324 shares of Bunge Ltd which is valued at $990,051. Bunge Ltd makes up approx 0.01% of Bessemer Group Inc’s portfolio. Ausdal Financial Partners sold out all of its stake in BG during the most recent quarter. The investment firm sold 100 shares of BG which is valued $6,095.Alambic Investment Management reduced its stake in BG by selling 8,650 shares or 41.29% in the most recent quarter. The Hedge Fund company now holds 12,300 shares of BG which is valued at $749,685. Bunge Ltd makes up approx 0.24% of Alambic Investment Management’s portfolio.

Bunge Ltd opened for trading at $64.66 and hit $66.03 on the upside on Wednesday, eventually ending the session at $65.52, with a gain of 1.66% or 1.07 points. The heightened volatility saw the trading volume jump to 18,67,671 shares. Company has a market cap of $9,132 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.

Many Wall Street Analysts have commented on Bunge Ltd. 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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