Point72 Asset Management buys $193,172,826 stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Point72 Asset Management scooped up 2,717,200 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 2,901,800 shares of Bunge Ltd which is valued at $193,172,826.Bunge Ltd makes up approximately 1.59% of Point72 Asset Management’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors boosted its stake in BG in the latest quarter, The investment management firm added 2,079 additional shares and now holds a total of 6,118 shares of Bunge Ltd which is valued at $407,275.Nomura Asset Management Co Ltd reduced its stake in BG by selling 21,500 shares or 35.97% in the most recent quarter. The Hedge Fund company now holds 38,266 shares of BG which is valued at $2,577,598. Bunge Ltd makes up approx 0.05% of Nomura Asset Management Co Ltd’s portfolio.Stephens Inc Ar boosted its stake in BG in the latest quarter, The investment management firm added 237 additional shares and now holds a total of 4,070 shares of Bunge Ltd which is valued at $274,155. Bunge Ltd makes up approx 0.01% of Stephens Inc Ar’s portfolio.Credit Agricole S A boosted its stake in BG in the latest quarter, The investment management firm added 961,871 additional shares and now holds a total of 1,252,324 shares of Bunge Ltd which is valued at $84,356,545. Bunge Ltd makes up approx 0.28% of Credit Agricole S A’s portfolio.Becker Capital Management Inc reduced its stake in BG by selling 7,150 shares or 1.29% in the most recent quarter. The Hedge Fund company now holds 549,258 shares of BG which is valued at $37,794,443. Bunge Ltd makes up approx 1.51% of Becker Capital Management Inc’s portfolio.

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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