Bunge Ltd (BG) : Fruth Investment Management reduced its stake in Bunge Ltd by 1.1% during the most recent quarter end. The investment management company now holds a total of 22,465 shares of Bunge Ltd which is valued at $1,353,966 after selling 250 shares in Bunge Ltd , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Bunge Ltd makes up approximately 0.68% of Fruth Investment Management’s portfolio.
Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in BG in the latest quarter, The investment management firm added 98,701 additional shares and now holds a total of 159,336 shares of Bunge Ltd which is valued at $9,603,181. Bunge Ltd makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio.Cutler Group Lp reduced its stake in BG by selling 255 shares or 57.82% in the most recent quarter. The Hedge Fund company now holds 186 shares of BG which is valued at $11,491.Carroll Financial Associates reduced its stake in BG by selling 5 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 199 shares of BG which is valued at $12,294. Gradient Investments added BG to its portfolio by purchasing 72,516 company shares during the most recent quarter which is valued at $4,480,038. Bunge Ltd makes up approx 0.44% of Gradient Investments’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BG by selling 176,793 shares or 64.9% in the most recent quarter. The Hedge Fund company now holds 95,627 shares of BG which is valued at $5,827,509. Bunge Ltd makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.
Bunge Ltd closed down -1.51 points or -2.44% at $60.27 with 6,68,634 shares getting traded on Tuesday. Post opening the session at $61.52, the shares hit an intraday low of $60.1 and an intraday high of $61.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.
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.