Becker Capital Management Inc buys $35,866,060 stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Becker Capital Management Inc scooped up 1,567 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 556,408 shares of Bunge Ltd which is valued at $35,866,060.Bunge Ltd makes up approximately 1.41% of Becker Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Rdl Financial Inc reduced its stake in BG by selling 1,630 shares or 29.42% in the most recent quarter. The Hedge Fund company now holds 3,910 shares of BG which is valued at $252,039. Bunge Ltd makes up approx 0.18% of Rdl Financial Inc’s portfolio.Wealthtrust-arizona boosted its stake in BG in the latest quarter, The investment management firm added 191 additional shares and now holds a total of 633 shares of Bunge Ltd which is valued at $39,373. Bunge Ltd makes up approx 0.02% of Wealthtrust-arizona’s portfolio. Beech Hill Advisors added BG to its portfolio by purchasing 3,800 company shares during the most recent quarter which is valued at $233,396. Bunge Ltd makes up approx 0.15% of Beech Hill Advisors’s portfolio. Hollencrest Securities sold out all of its stake in BG during the most recent quarter. The investment firm sold 5,459 shares of BG which is valued $327,540.

Bunge Ltd closed down -0.38 points or -0.57% at $65.83 with 11,26,313 shares getting traded on Monday. Post opening the session at $66.17, the shares hit an intraday low of $65.761 and an intraday high of $67.08 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 $0.79 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 May 24, 2016, Bunge Ltd announced a cash dividend of $0.4200. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 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.

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