Tradewinds Global Investors buys $38,622,360 stake in Bunge Ltd (BG)

Bunge Ltd (BG) : Tradewinds Global Investors scooped up 13,654 additional shares in Bunge Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 587,323 shares of Bunge Ltd which is valued at $38,622,360.Bunge Ltd makes up approximately 2.34% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in BG by selling 287,869 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 11,883,925 shares of BG which is valued at $781,486,908. Bunge Ltd makes up approx 0.05% of Vanguard Group Inc’s portfolio. Integral Derivatives sold out all of its stake in BG during the most recent quarter. The investment firm sold 71,523 shares of BG which is valued $4,735,538.Glenmede Trust Co Na boosted its stake in BG in the latest quarter, The investment management firm added 17,259 additional shares and now holds a total of 17,318 shares of Bunge Ltd which is valued at $1,146,625. Bunge Ltd makes up approx 0.01% of Glenmede Trust Co Na’s portfolio.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.

Bunge Ltd opened for trading at $63.69 and hit $63.97 on the upside on Friday, eventually ending the session at $63.97, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 7,52,468 shares. Company has a market cap of $8,920 M.

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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