Tradewinds Global Investors buys $34.8 Million stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Tradewinds Global Investors scooped up 161,693 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 573,669 shares of Bunge Ltd which is valued at $34.8 Million.Bunge Ltd makes up approximately 2.16% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in BG in the latest quarter, The investment management firm added 356 additional shares and now holds a total of 4,468 shares of Bunge Ltd which is valued at $270,984. Bunge Ltd makes up approx 0.02% of Ls Investment Advisors’s portfolio. Ftb Advisors sold out all of its stake in BG during the most recent quarter. The investment firm sold 301 shares of BG which is valued $18,256.Bronfman E.l. Rothschild reduced its stake in BG by selling 16 shares or 4.66% in the most recent quarter. The Hedge Fund company now holds 327 shares of BG which is valued at $19,931.Wealthtrust-arizona reduced its stake in BG by selling 187 shares or 29.73% in the most recent quarter. The Hedge Fund company now holds 442 shares of BG which is valued at $27,625. Bunge Ltd makes up approx 0.02% of Wealthtrust-arizona’s portfolio.

Bunge Ltd opened for trading at $60.8 and hit $61.64 on the upside on Monday, eventually ending the session at $60.94, with a gain of 0.48% or 0.29 points. The heightened volatility saw the trading volume jump to 8,35,861 shares. Company has a market cap of $8,494 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 Ltd was Upgraded by JP Morgan to ” Overweight” on Feb 12, 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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