November 29, 2016 - By Dolores Ford · 0 Comments
Bunge LTD (NYSE:BG) institutional sentiment decreased to 0.97 in Q2 2016. Its down -0.11, from 1.08 in 2016Q1. The ratio is negative, as 168 institutional investors opened new or increased positions, while 156 trimmed and sold stakes in Bunge LTD. The institutional investors in our partner’s database reported: 106.51 million shares, down from 116.26 million shares in 2016Q1. Also, the number of institutional investors holding Bunge LTD in their top 10 positions increased from 2 to 3 for an increase of 1. Sold All: 33 Reduced: 123 Increased: 127 New Position: 41.
Bunge Limited is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. The company has a market cap of $9.40 billion. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. It has a 15.1 P/E ratio. The Edible oil products and milling products divisions include businesses that produce and sell edible oil based products, including vegetable oils, shortenings, margarines and mayonnaise, and milled grain products, such as wheat flours, corn products and rice.
The stock decreased 2.34% or $1.59 during the last trading session, hitting $66.47. Bunge Ltd (NYSE:BG) has risen 10.84% since April 26, 2016 and is uptrending. It has outperformed by 5.58% the S&P500.
Analysts await Bunge Ltd (NYSE:BG) to report earnings on February, 9. They expect $1.72 earnings per share, up 15.44% or $0.23 from last year’s $1.49 per share. BG’s profit will be $243.24M for 9.66 P/E if the $1.72 EPS becomes a reality. After $0.73 actual earnings per share reported by Bunge Ltd for the previous quarter, Wall Street now forecasts 135.62% EPS growth.
According to Zacks Investment Research, “Bunge Ltd. is an integrated global agribusiness and food company spanning the farm-to-consumer food chain. Bunge processes, produces, moves, distributes and markets food on five continents.”
Taube Hodson Stonex Partners Llp holds 6.28% of its portfolio in Bunge Ltd for 518,072 shares. Lesa Sroufe & Co owns 60,560 shares or 3.13% of their US portfolio. Moreover, Managed Asset Portfolios Llc has 2.91% invested in the company for 112,330 shares. The Ontario – Canada-based Foyston Gordon & Payne Inc has invested 2.61% in the stock. Carlson Capital L P, a Texas-based fund reported 3.10 million shares.#img1#
Ratings analysis reveals 83% of Bunge Limited’s analysts are positive. Out of 6 Wall Street analysts rating Bunge Limited, 5 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $57 while the high is $93. The stock’s average target of $77.83 is 17.09% above today’s ($66.47) share price. BG was included in 10 notes of analysts from July 31, 2015. The company was upgraded on Friday, February 12 by JP Morgan. The stock of Bunge Ltd (NYSE:BG) has “Outperform” rating given on Tuesday, September 29 by Credit Suisse. The rating was upgraded by Bank of America to “Buy” on Tuesday, August 2. The rating was maintained by Citigroup with “Buy” on Friday, April 29. BMO Capital Markets upgraded the shares of BG in a report on Tuesday, September 29 to “Outperform” rating. The rating was downgraded by TheStreet on Monday, August 3 to “Hold”.
Bunge Limited, incorporated on May 18, 1995, is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. The Firm is an oilseed processor and producer of vegetable oils and protein meals; grain processor; seller of packaged vegetable oils across the world; producer and seller of wheat flours and bakery mixes, dry milled corn products and milled rice products, and producer of sugar and ethanol in Brazil, and global trader and merchandiser of sugar. The Firm operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer.
Another recent and important Bunge Ltd (NYSE:BG) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Visa, United Technologies and Bunge” on November 14, 2016.
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By Dolores Ford