Bunge Ltd (BG) : Cedar Hill Associates added new position in Bunge Ltd during the most recent quarter end. The investment management firm now holds 134,275 shares of Bunge Ltd which is valued at $8,210,916 , the company said in a statement filed on Jul 15, 2016 with the SEC.Bunge Ltd makes up approximately 1.37% of Cedar Hill Associates’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in BG by selling 700 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 19,530 shares of BG which is valued at $1,194,260. Bunge Ltd makes up approx 0.02% of Nisa Investment Advisors’s portfolio.Capstone Asset Management Co reduced its stake in BG by selling 220 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 4,855 shares of BG which is valued at $292,320. Bunge Ltd makes up approx 0.01% of Capstone Asset Management Co’s portfolio.British Columbia Investment Management Corp reduced its stake in BG by selling 79,566 shares or 56.75% in the most recent quarter. The Hedge Fund company now holds 60,635 shares of BG which is valued at $3,638,100. Bunge Ltd makes up approx 0.03% of British Columbia Investment Management Corp’s portfolio.Centurylink Investment Management Co boosted its stake in BG in the latest quarter, The investment management firm added 5,027 additional shares and now holds a total of 26,470 shares of Bunge Ltd which is valued at $1,588,200. Bunge Ltd makes up approx 0.56% of Centurylink Investment Management Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in BG in the latest quarter, The investment management firm added 97,981 additional shares and now holds a total of 272,420 shares of Bunge Ltd which is valued at $16,345,200. Bunge Ltd makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio.
Bunge Ltd opened for trading at $61.05 and hit $61.68 on the upside on Monday, eventually ending the session at $61.15, with a gain of 0.16% or 0.1 points. The heightened volatility saw the trading volume jump to 9,71,362 shares. Company has a market cap of $8,523 M.
On the company’s financial health, Bunge Ltd reported $1.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.65 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.76. The company had revenue of $8916.00 million for the quarter, compared to analysts expectations of $10124.78 million. The company’s revenue was down -17.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.58 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. BB&T Capital Mkts Initiated Bunge Ltd on Jul 12, 2016 to “Buy”, Price Target of the shares are set at $75.Bunge Ltd was Downgraded by JP Morgan to ” Neutral” on Apr 22, 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.