Bunge Ltd (BG) : Foyston Gordon Payne Inc reduced its stake in Bunge Ltd by 4.33% during the most recent quarter end. The investment management company now holds a total of 242,422 shares of Bunge Ltd which is valued at $15,941,671 after selling 10,981 shares in Bunge Ltd , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Bunge Ltd makes up approximately 2.81% of Foyston Gordon Payne Inc’s portfolio.
Other Hedge Funds, Including , Apg Asset Management N.v. reduced its stake in BG by selling 104,112 shares or 4.31% in the most recent quarter. The Hedge Fund company now holds 2,309,329 shares of BG which is valued at $151,861,475. Bunge Ltd makes up approx 0.28% of Apg Asset Management N.v.’s portfolio.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.Alambic Investment Management boosted its stake in BG in the latest quarter, The investment management firm added 5,900 additional shares and now holds a total of 18,200 shares of Bunge Ltd which is valued at $1,185,548. Bunge Ltd makes up approx 0.26% of Alambic Investment Management’s portfolio.Calvert Investment Management boosted its stake in BG in the latest quarter, The investment management firm added 659 additional shares and now holds a total of 11,361 shares of Bunge Ltd which is valued at $752,212. Bunge Ltd makes up approx 0.04% of Calvert Investment Management’s portfolio.Cutler Group Lp reduced its stake in BG by selling 18,945 shares or 97.73% in the most recent quarter. The Hedge Fund company now holds 441 shares of BG which is valued at $26,553.
Bunge Ltd opened for trading at $64.16 and hit $64.58 on the upside on Tuesday, eventually ending the session at $64.11, with a gain of 0.19% or 0.12 points. The heightened volatility saw the trading volume jump to 6,73,511 shares. Company has a market cap of $8,939 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.
Investors should note that on Aug 10, 2016, Bunge Ltd announced a cash dividend of $0.4200. The company’s management has announced Nov 16, 2016 as the ex-dividend date and fixed the record date on Nov 18, 2016. The payable date has been fixed on Dec 2, 2016.
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.