Carlson Capital L P buys $203,869,152 stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Carlson Capital L P scooped up 486,000 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,100,200 shares of Bunge Ltd which is valued at $203,869,152.Bunge Ltd makes up approximately 2.50% of Carlson Capital L P’s portfolio.

Other Hedge Funds, Including , First Republic Investment Management reduced its stake in BG by selling 1,381 shares or 8.61% in the most recent quarter. The Hedge Fund company now holds 14,656 shares of BG which is valued at $963,779. Bunge Ltd makes up approx 0.01% of First Republic Investment Management’s portfolio.United Services Automobile Association reduced its stake in BG by selling 10,984 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 194,353 shares of BG which is valued at $12,780,653. Bunge Ltd makes up approx 0.04% of United Services Automobile Association’s portfolio.Edmond De Rothschild Holding S.a. reduced its stake in BG by selling 430 shares or 5.34% in the most recent quarter. The Hedge Fund company now holds 7,615 shares of BG which is valued at $500,762. Bunge Ltd makes up approx 0.02% of Edmond De Rothschild Holding S.a.’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. Palisade Capital Managementnj added BG to its portfolio by purchasing 12,330 company shares during the most recent quarter which is valued at $794,792. Bunge Ltd makes up approx 0.03% of Palisade Capital Managementnj’s portfolio.

Bunge Ltd closed down -0.94 points or -1.47% at $62.96 with 13,17,218 shares getting traded on Thursday. Post opening the session at $63.93, the shares hit an intraday low of $62.26 and an intraday high of $63.98 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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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