Foyston Gordon Payne Inc Lowers stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Foyston Gordon Payne Inc reduced its stake in Bunge Ltd by 40.91% during the most recent quarter end. The investment management company now holds a total of 143,246 shares of Bunge Ltd which is valued at $9,535,886 after selling 99,176 shares in Bunge Ltd , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Bunge Ltd makes up approximately 1.83% of Foyston Gordon Payne Inc’s portfolio.

Other Hedge Funds, Including , Analytic Investors reduced its stake in BG by selling 378,772 shares or 78.24% in the most recent quarter. The Hedge Fund company now holds 105,314 shares of BG which is valued at $6,771,690. Bunge Ltd makes up approx 0.08% of Analytic Investors’s portfolio.Chicago Equity Partners reduced its stake in BG by selling 178,140 shares or 83.47% in the most recent quarter. The Hedge Fund company now holds 35,285 shares of BG which is valued at $2,188,023. Bunge Ltd makes up approx 0.06% of Chicago Equity Partners’s portfolio. First Manhattan Co sold out all of its stake in BG during the most recent quarter. The investment firm sold 96 shares of BG which is valued $5,766.

Bunge Ltd closed down -0.08 points or -0.12% at $67.35 with 9,64,469 shares getting traded on Monday. Post opening the session at $67.21, the shares hit an intraday low of $66.9 and an intraday high of $67.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Bunge Ltd reported $0.73 EPS for the quarter, based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus estimate of $0.73. The company had revenue of $11423.00 million for the quarter, compared to analysts expectations of $10257.18 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS.

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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