BG - Bunge Limited
| Previous Close | 55.83 |
| Open | 55.98 |
| Bid | 54.79 x 900 |
| Ask | 56.36 x 900 |
| Day's Range | 55.39 - 56.21 |
| 52 Week Range | 47.26 - 72.35 |
| Volume | 671,133 |
| Avg. Volume | 1,365,547 |
| Market Cap | 7.862B |
| Beta (3Y Monthly) | 0.90 |
| PE Ratio (TTM) | 26.34 |
| EPS (TTM) | 2.11 |
| Earnings Date | Jul 31, 2019 |
| Forward Dividend & Yield | 2.00 (3.58%) |
| Ex-Dividend Date | 2019-08-19 |
| 1y Target Est | 67.13 |
- PR Newswire•3 days ago
Bunge Loders Croklaan Opens New Oils Processing Facility in China
WORMERVEER, Netherlands and XIAMEN, China, July 18, 2019 /PRNewswire/ -- Bunge Loders Croklaan (BLC), the edible oils business of Bunge Limited (BG), a leader in agriculture, food and ingredients, today announced the official opening of a new edible oils processing facility in China. "China is an extremely dynamic and growing food market, and this state-of-the-art processing plant in Xiamen is illustrative of our commitment to not only invest in key local markets, but also create new opportunities for our customers around the world," said Manuel Laborde, Vice President Asia at Bunge Loders Croklaan.
- Simply Wall St.•3 days ago
What Kind Of Shareholders Own Bunge Limited (NYSE:BG)?
The big shareholder groups in Bunge Limited (NYSE:BG) have power over the company. Institutions often own shares in...
- GuruFocus.com•4 days ago
The Top 5 Buys of the T Rowe Price Equity Income Fund
Fund releases 2nd-quarter portfolio Continue reading...
- Bloomberg•8 days ago
Barry Threatens Farming From Cotton to Sugar in Rain Washout
(Bloomberg) -- Tropical Storm Barry’s dangerous downpours are threatening crops from cotton to sugar, grinding shrimping to a halt and forcing grain elevators to shut.With as much as 25 inches (64 centimeters) of rain projected for some areas, fields could get flooded at a time when plants are still in development stages. Heavy winds could damage sugar mills in the region and other agriculture facilities. Meanwhile, shrimp fishermen in the Gulf of Mexico are docking ships and tying down equipment, and agribusiness giant Cargill Inc. has shuttered grain-loading operations.“It’s an emotional drain to say the least,” said fifth-generation Louisiana farmer George LaCour, who raises cotton, sugarcane, corn, wheat, rice and crawfish on 10,000 acres, some of which are in the Morganza Spillway.LaCour, 57, has taken steps to secure his farm and Morganza home, where he’s lived since he was born. He’s redone the drainage tiles, cleared out debris and made sure his generators and chainsaws are working in anticipation of the storm, which is forecast to hit the state’s shores as a hurricane early Saturday. Other than that: “You just sit there and wait this out.”“It’s all you can do,” LaCour said. “There’s no cure. You try your best to hold it together while you go through this. Having been through hurricanes before, you prepare for the worst mentally and hope for the best.”Barry is just the latest blow to America’s agricultural economy. Incessant rains have washed out farms and flooded rural Midwestern towns. The deluge hampered the flow of farm products and hindered plantings. The weather woes come as crop prices have stayed depressed amid the U.S.-China trade war and hefty supply gluts.Climate change has brought increased risks to farming from floods, storms, drought and heat. While America’s crop belt suffered from a deluge, wheat growers in parts of Europe have had to deal with scorching temperatures and dry conditions.Here’s a look at some of Barry’s agriculture impact:GrainsCargill, America’s largest closely held company, said it shuttered its Louisiana export grain elevators on Thursday in anticipation of the storm. Rival Archer-Daniels-Midland Co. said it shut grain elevators and port operations in New Orleans Friday to prepare for the storm. Bunge Ltd. said it closed an export terminal and crush plant in Destrehan, Louisiana.The Gulf of Mexico is a key region for U.S. agriculture exports, with almost half of this year’s grain shipments loading along the Mississippi River, government inspections data show. The state is also home to corn, sorghum and soybean crops.In Louisiana, local prices signal the market is positioning for supply disruptions from the storm as shipping is grinding to a halt along the southern reaches of the Mississippi River. The soybean basis in the Gulf jumped 5.3% on Thursday, the steepest climb since June 7, to 50 cents a bushel, U.S. Department of Agriculture data show. The figure measures the amount above futures that buyers are willing to pay.CottonCotton plants in the southern portions of the Mississippi Delta region could be badly affected by the storm, according to Don Keeney, a senior agricultural meteorologist with Maxar in Gaithersburg, Maryland. Sugar cane is also likely to get serious damage from flooding, while corn may face “a little bit of wind damage,” he said.The impact on futures markets could be limited, though. There’s plenty of U.S. cotton in inventory that can help cushion the blow of supply loss.RiceArkansas, Louisiana and Mississippi -- each of which are in Barry’s path -- accounted for most of the rice grown in the U.S. last year. In top-producer Arkansas, heavy rain expected to arrive by Sunday could disrupt crop development, Jarrod Hardke, an agronomist at the University of Arkansas, said. Rice crops already were struggling after rains delayed spring plantings and then were hit with high temperatures.ShrimpingThe storm is likely to disrupt fresh catches of shrimp for a day or more, C. David Veal, executive director of the American Shrimp Processors Association in Biloxi, Mississippi, said on Friday. The association represents about 75% of fresh shrimp packers in the Gulf. As much as 120 million pounds (54,000 metric tons) of shrimp are caught each year off the U.S. Gulf.“It certainly causes dislocation, and preparation always takes a day out of business because employees have to prepare, too,” Veal said by telephone. “Then, there’s the constant worry if freezers go out.”SugarHeavy rains puts Louisiana’s sugar cane crops at risk, according to Herman Waguespack Jr., research director for the American Sugar Cane League in Thibodaux, Louisiana. The state produces 1.4 million tons of raw sugar, according to group’s website. Cane was planted on 440,000 acres as of 2017.“If Barry can come in and be gone, we will be much better off,” he said.\--With assistance from Kevin Varley, Mario Parker and Denitsa Tsekova.To contact the reporters on this story: Shruti Date Singh in Chicago at ssingh28@bloomberg.net;Michael Hirtzer in Chicago at mhirtzer@bloomberg.netTo contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Millie MunshiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters•10 days ago
UPDATE 2-Cargill quarterly profit dives 41% on trade tensions, U.S. floods
Global commodities trader Cargill Inc reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted operating profit fell to $476 million in the fiscal fourth quarter ended May 31, from $809 million a year earlier, as three of its four business units posted lower year-on-year results. Trade tensions between Washington and Beijing have battered the U.S. agricultural sector as tit-for-tat tariffs have reduced commodities exports from the United States and redrawn global trade flows.
- Reuters•11 days ago
Major grain traders face one-two punch from U.S. floods, trade war
Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill Inc [CARG.UL] and Louis Dreyfus Co [LOUDR.UL], known as the ABCD quartet of global grain trading giants, faced processing-plant downtime, rail and barge shipping delays and other supply uncertainty this spring as historic floods ravaged the central United States. The weather woes are heaping more pain on the battered U.S. agricultural sector already hard-hit by a years-long crop supply glut and the U.S.-China trade war now entering its second year.
- Bloomberg•11 days ago
Bunge Is in Talks With BP to Join Brazil Sugar-Ethanol Assets
(Bloomberg) -- U.S. agribusiness giant Bunge Ltd. is in talks with British oil major BP Plc to form a sugar and ethanol joint venture in Brazil, according to people familiar with the matter.The companies are in discussions to combine operations in the South American nation, one of the largest producers of both sugar cane and sugar-based ethanol, said the people, who asked not to be identified because the information is private. Bunge and BP are currently valuing their sugar and ethanol assets to agree on the size of each company’s stake, and Bunge has hired Brazilian bank Itau Unibanco Holding SA as an adviser, the people said.No final agreement has been reached and the talks could fail to produce a deal.Joining forces with Bunge, the ‘B’ in the quartet of storied ABCD traders of agricultural commodities, would triple BP’s sugar-cane crushing capacity in Brazil, where ethanol is either blended into gasoline or used solely to power flexible-fuel cars. Forming a venture would allow U.S.-based Bunge to separate a struggling business in a tie-up similar to when Royal Dutch Shell Plc and Brazilian sugar and ethanol producer Cosan Ltd. created Raizen in 2010.Spokesmen for Bunge and BP declined to comment.Sugar traders have been struggling to make money as bumper crops from Thailand to India depressed prices and curbed volatility. Bunge, which sold its sugar trading business to Singapore-based trader Wilmar International, had been exploring options for its Brazilian milling business. The company said last year it would delay an initial public offering of the unit due to market conditions.BP started producing ethanol in Brazil in 2008 and its three mills currently have capacity to crush 10 million metric tons of cane a year. Bunge has eight mills with capacity to process 22 million tons.\--With assistance from Mario Parker, Kelly Gilblom and Alfred Cang.To contact the reporters on this story: Fabiana Batista in Sao Paulo at fbatista6@bloomberg.net;Isis Almeida in Chicago at ialmeida3@bloomberg.net;Vinícius Andrade in São Paulo at vandrade3@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg•14 days ago
In the Pig Plague, It Pays to Be a Crop Giant in the Right Place
(Bloomberg) -- The world’s top agricultural-commodity traders have for months stuck to the mantra they’ll benefit from a deadly pig disease roiling global markets. Just how much they’ll profit depends on the location of their assets.Success will hinge on whether the firms have plants that process soybeans into meal for pig feed in nations where meat-export demand is set to rise. That’s as China seeks more protein from overseas, with African swine fever expected to wipe out a third of its hog herd. The trade war between Washington and Beijing will also play a role, hampering U.S. meat shipments to the benefit of South America and Europe.That’s good news for crop giant Bunge Ltd., which has the majority of its soy-processing assets in South America. Rival Archer-Daniels-Midland Co. may for now be hobbled by the Chicago-based company’s stake in a major soybean crusher in China, where demand for the oilseed is forecast to drop for the first time in 15 years as the pig disease spreads.“It comes down to who the favored trade partners are, and Brazil is best placed to supply all meats and then the EU for pork,” Will Sawyer, an animal protein economist at the $138 billion rural lender CoBank ACB, said, referring to the areas that could export meat to China. “So in the short-term, South American soybean crush assets are favorable.”Bunge has 33% of its oilseed crushing capacity in South America, 26% in Europe and 27% in North America. That will help the White Plains, New York-based trader meet rising demand for animal feed in countries such as Brazil, where shares of top meat company JBS SA have almost doubled this year.“We like the fact that only 15% of our crushing is in China today,” Bunge Chief Executive Officer Greg Heckman said at the BMO conference in New York in May. “There will be fewer beans going to China. There will be more beans to crush in the rest of the world.”ADM, meanwhile, may take an initial hit from the disease, according to Patrick Yau, an analyst at Citigroup Inc. That’s due to its 25% stake in Wilmar International Ltd., which vies with top Chinese food company Cofco Corp. for the spot of the Asian nation’s largest soybean processor.Singapore-based Wilmar flagged negative margins and weak results from its crushing business in the quarter to March 31 due to African swine fever. Cargill Inc., the U.S.’s largest privately held firm, said earnings from animal nutrition and Chinese oilseed crushing were hit by the virus in the period ended Feb. 28.While the U.S. would normally be one of the most competitive meat suppliers, the trade war between the administrations of Donald Trump and Xi Jinping is hurting American competitiveness as Chinese tariffs on pork are still in place, CoBank’s Sawyer said. There’s also a long-standing ban on poultry shipments.That means America can probably only fill the gap in the global market left by other nations that are exporting to China, said Joe Sanderson, chief executive officer of Sanderson Farms Inc., the U.S.’s third-largest chicken producer.Still, as China steps up meat imports in the months and years to come, it will need to turn to the U.S. South America alone won’t be able to fill the Asian nation’s shortfall and capacity in Europe isn’t as big. That will be a boost for companies like ADM, whose filings show that a majority of its oilseeds crushing capacity is in North America.Trade Deal“As China steps up their meat imports, North American assets will also benefit,” said CoBank’s Sawyer. “And should there be an arrangement with China, the dynamics for U.S. meat producers and therefore soy meal suppliers would be very good,” he said, referring to a potential trade deal between Washington and Beijing.Minneapolis-based Cargill said it’s well-positioned to benefit. The company has five plants in China, accounting for about 20% of its total soybean crushing capacity, according to a person familiar with the matter, who asked not to be identified because the information is private. A spokeswoman for the company declined to comment on its soybean processing capacity.“We’ve got a very well-developed asset footprint and trade flows that are designed to respond to rapid shifts in global trade,” said John Fering, managing director for Cargill’s premix and nutrition business in China. “We’ve only seen a kind of mid-single digits decline in demand in China for soybean meal until now.” The company, the U.S.’s third-largest beef producer, can also benefit from its animal protein business.Getting rid of the disease and rebuilding the herd in a nation that consumes half the world’s pork is expected to take three to five years as the structure of China’s hog industry, with many small backyard operations, makes it almost impossible to contain the spread of the virus. But longer-term, a consolidation of the pork sector will end up benefiting crushers in the country.“These big companies are going to be raising pigs or chicken or whatever -- they are a little bit more sophisticated and they will feed technical rations, having more soybean meal,” Juan Luciano, ADM’s chief executive officer, told the BMO conference in May. “We see the benefit into rationalization of the industry.”To contact the reporters on this story: Isis Almeida in Chicago at ialmeida3@bloomberg.net;Mario Parker in Chicago at mparker22@bloomberg.netTo contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Pratish Narayanan, Millie MunshiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.•20 days ago
Why Bunge Limited (NYSE:BG) Is An Attractive Investment To Consider
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I...
- Simply Wall St.•20 days ago
An Intrinsic Calculation For Bunge Limited (NYSE:BG) Suggests It's 44% Undervalued
How far off is Bunge Limited (NYSE:BG) from its intrinsic value? Using the most recent financial data, we'll take a...
- Reuters•24 days ago
Bunge's Brazil sugar unit posts record cane crushing numbers -company
Bunge said its eight mills operating in Brazil crushed 2.65 million tonnes of cane in May, the largest amount of cane processing reported by the Brazilian sugar unit since the food processor started operations in Brazil in 2007. The company said operations continued strong in June, when it reached peaks for average daily crushing over a 30-day period.
- PR Newswire•27 days ago
Bunge Partners with Field to Market to Seamlessly Integrate Outcomes-Based Sustainability Metrics into Centerfield Program
ST. LOUIS and WASHINGTON, June 24, 2019 /PRNewswire/ -- Bunge and Field to Market: The Alliance for Sustainable Agriculture announced today the seamless integration of the sustainability metrics of Field to Market's Fieldprint® Platform into Bunge Centerfield™. Bunge is the first grain and oilseed processor to integrate these metrics into its platform, offering Field to Market's outcomes-based approach to measuring sustainability directly to farmers.
- Zacks•last month
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Green Plains, Archer Daniels Midland and Bunge
- Simply Wall St.•last month
Have Insiders Been Buying Bunge Limited (NYSE:BG) Shares This Year?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
- Zacks•last month
EPA Reforms Pit Oil and Green Lobby Against Corn Producers
The agency removed the federal restriction on summer sales of E15 ethanol and came up with several structural changes to increase RIN market transparency.
- PR Newswire•last month
Bunge Becomes First Agribusiness Company to Join Ship Recycling Transparency Initiative
WHITE PLAINS, N.Y., June 13, 2019 /PRNewswire/ -- Bunge, a leader in agriculture, food and ingredients, became the first in its industry to join the Ship Recycling Transparency Initiative (SRTI), a coalition aimed at increasing transparency to create a new norm for responsible ship recycling. The SRTI uses an online platform to gather information from shipowners on key disclosures related to social and environmental measures, allowing cargo owners and financial stakeholders to make decisions based on companies' ship recycling reporting and approaches. "Bunge is focused on building 21st century value chains that are transparent, verified sustainable and create positive impact on the ground," said Marcio Valentim Moura, Director of Global Logistics for Bunge, and who represents Bunge in the SRTI and its parent organization, the Sustainable Shipping Initiative.
- Benzinga•last month
Floods Raising Freight Rates, Washing Away Revenues
Hundreds of barges remain stalled on the Mississippi River, blocking the main artery of the Farm Belt economy that has been devastated by a spring season full of relentless torrential rains and the melting of record-setting snowfalls. A large number of barges that are tied up are carrying grains, mainly corn and soybeans. As a result of high water and fast currents, almost 300 barges are being held at two locks along the Mississippi.
- Insider Monkey•last month
Here’s What Hedge Funds Are Think About Bunge Limited (BG)
Before we spend countless hours researching a company, we'd like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
- Moody's•2 months ago
Bunge Limited Finance Corp. -- Moody's announces completion of a periodic review of ratings of Bunge Limited
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Bunge Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
- Markit•2 months ago
See what the IHS Markit Score report has to say about Bunge Ltd.
Bunge Ltd NYSE:BGView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for BG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BG. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $3.83 billion over the last one-month into ETFs that hold BG are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. BG credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Simply Wall St.•2 months ago
Why Bunge Limited (NYSE:BG) Could Be Worth Watching
Bunge Limited (NYSE:BG), which is in the food business, and is based in United States, received a lot of attention...
- GuruFocus.com•2 months ago
Weekly CEO Buys Highlight
Details the CEO buys this past week for the following companies: Intrexon, Bunge, ARMOUR and Cognizant
- Benzinga•2 months ago
Notable Insider Buys This Past Week: Bunge, Hain Celestial And More
Hain Celestial Group Inc (NASDAQ: HAIN) saw a director return for a few more notable indirect share purchases this past week. The stake was listed as over 4.2 million shares, which compares with more than 105 million shares outstanding.
- PR Newswire•2 months ago
Bunge Announces Annual Meeting Results
WHITE PLAINS, N.Y., May 23, 2019 /PRNewswire/ -- Bunge Limited (BG) today announced the results of its Annual General Meeting of Shareholders, which was held this morning in New York City. Election of Directors: Shareholders elected the ten directors named in the proxy statement to the Board of Directors: Vinita Bali, Carol M. Browner, Andrew Ferrier, Paul Fribourg, J. Erik Fyrwald, Gregory A. Heckman, Kathleen Hyle, John E. McGlade, Henry W. (Jay) Winship and Mark Zenuk.
