BG - Bunge Limited

NYSE - NYSE Delayed Price. Currency in USD
53.72
+0.21 (+0.39%)
At close: 4:02PM EST
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Previous Close53.51
Open53.86
Bid53.39 x 800
Ask54.59 x 800
Day's Range53.61 - 54.47
52 Week Range47.26 - 62.92
Volume539,883
Avg. Volume886,290
Market Cap7.61B
Beta (3Y Monthly)0.87
PE Ratio (TTM)N/A
EPS (TTM)-9.40
Earnings DateFeb 19, 2020 - Feb 24, 2020
Forward Dividend & Yield2.00 (3.74%)
Ex-Dividend Date2019-11-15
1y Target Est66.88
  • Reuters

    RPT-UPDATE 2-Brazil judge delays Imcopa plant auction after Bunge seeks more info

    A Brazilian bankruptcy judge has pushed back the sale of two soy crushing plants after U.S-based grain trader Bunge Ltd alleged the seller provided "scarce and incomplete" information about the assets, according to court filings seen by Reuters on Friday. The auction of the two plants by privately owned Imcopa group, rescheduled to Feb. 17 from Dec. 4, is part of the seller's plan to emerge from bankruptcy. The trading firm's Brazilian unit also claimed "inconsistencies" between the amended reorganization plan approved by Imcopa's creditors in 2017 and bidding rules published last October.

  • Reuters

    UPDATE 3-Brazil judge moves Imcopa plant sale as Bunge seeks more info

    A Brazilian bankruptcy judge has pushed back the sale of two soy crushing plants after U.S-based grain trader Bunge Ltd alleged the seller provided insufficient information about the assets, according to court filings seen by Reuters on Friday. The auction of the two plants by privately owned Imcopa group, rescheduled to Feb. 17 from Dec. 4, is part of the seller's plan to emerge from bankruptcy. Imcopa and a court-appointed judicial administrator agreed to cancel this week's auction of the two strategic plants in Paraná state, court documents showed.

  • Barrons.com

    The U.S. Trade Deficit Shrank to Its Lowest Level in Over a Year. It Won’t Help.

    The U.S. trade deficit shrank in October to the lowest level since the spring of 2018, but it’s largely due to the impact of new tariffs on Chinese consumer goods.

  • Hedge Funds Are Warming Up To Bunge Limited (BG)
    Insider Monkey

    Hedge Funds Are Warming Up To Bunge Limited (BG)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • PR Newswire

    Bunge Limited Announces Board of Directors Resignation

    Bunge Limited (NYSE: BG) announced today that John E. McGlade has resigned from the company's Board of Directors, effective immediately.

  • Bunge Loders Croklaan Introduces Betapol® Plus: The Next Generation OPO for Infant Milk Formula
    PR Newswire

    Bunge Loders Croklaan Introduces Betapol® Plus: The Next Generation OPO for Infant Milk Formula

    Today at Fi Europe, Bunge Loders Croklaan (BLC), the edible oil business of Bunge Limited (NYSE: BG), unveiled Betapol® Plus, the next generation of premium quality Oleic-Palmitic-Oleic (OPO or SN-2 palmitate) lipids for infant formula. Betapol Plus is the most advanced OPO product of its kind and delivers on BLC's aim to provide the best solutions for modern-day infant nutrition.

  • PR Newswire

    Agribusiness trade modernization initiative advances with new project name, Covantis

    The founding members (ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture) of the industry-wide initiative to modernize global trade operations have announced its new project name: Covantis. The initiative also launched a new website, www.covantis.io, which explains the initiative's vision to connect the agri-industry via an independent and trusted digital platform to enable post-trade efficiency for all participants. Covantis will also be the name of the digital platform now in development and expected to launch in 2020 subject to regulatory approvals.

  • BP to Capitalize on Mounting Biofuel Demand With Brazilian JV
    Zacks

    BP to Capitalize on Mounting Biofuel Demand With Brazilian JV

    The newly-formed joint venture, where BP has a 50% ownership interest, has the potential of supplying 1,200 gigawatt hours of electricity to the national grid of Brazil.

  • Reuters

    BP, Bunge complete Brazil deal to form world's No.2 cane processor

    British oil major BP Plc and U.S. commodities trader Bunge Ltd announced on Monday the completion of a deal to combine their sugar and ethanol operations in Brazil, creating the world's second largest cane processor. The 50-50 joint venture BP Bunge Bioenergia, which will manage 11 plants in five Brazilian states with a total capacity to crush 32 million tonnes of sugarcane per year, will rank only behind Raízen, the joint venture between Royal Dutch Shell Plc and Brazilian energy group Cosan SA.

  • PR Newswire

    Bunge and BP complete formation of BP Bunge Bioenergia joint venture in Brazil

    Bunge Limited (NYSE:BG) and BP plc (NYSE:BP) today announced that they have completed the formation of BP Bunge Bioenergia, the Brazilian bioenergy joint venture that combines their Brazilian bioenergy and sugarcane ethanol businesses. BP Bunge Bioenergia is now the second largest operator by effective crushing capacity in the Brazilian bioethanol market.

  • Reuters

    UPDATE 1-Grain trader Louis Dreyfus to cut costs in ongoing overhaul

    SAO PAULO/PARIS, Nov 27 (Reuters) - Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits. Global trade tensions and the African Swine Fever epidemic in Asia have piled pressure on grain trading firms as they try to emerge from a period of falling margins. Family-owned LDC, known as Dreyfus, is the "D" of the ‘ABCD’ quartet of global traders that also includes Archer Daniels Midland Co, Bunge Ltd and Cargill Inc.

  • Reuters

    Swiss grain merchant Ameropa picks Bunge executive as next CEO

    Swiss grain merchant Ameropa said on Monday it has appointed William Dujardin, a longstanding manager at Bunge, as its next chief executive. Dujardin will take up the post on Jan. 8, Ameropa said in a statement. Dujardin, a 45-year-old French national, has spent the past 14 years at U.S-based Bunge, one of the world's largest agribusiness groups.

  • Crop Giant Bunge Reorganizes Trading in Latest Restructure
    Bloomberg

    Crop Giant Bunge Reorganizes Trading in Latest Restructure

    (Bloomberg) -- Bunge Ltd. has reorganized its trading business as one of the world’s top agricultural commodity merchants presses ahead with its restructuring plan, according to people familiar with the matter.After cutting jobs in Geneva and offering only about a third its staff in White Plains, New York, relocation to its new headquarters in St. Louis, Bunge has divided its trading business by product instead of region, said the people, who asked not to be identified because the information is private. The company named new heads of corn and wheat and divided responsibilities for the oilseeds business into three groups.Bunge, the ‘B’ in the storied quartet of crop giants collectively known as ABCDs, is responding to shareholder pressure as years of bumper crops curbed margins and reduced the volatility traders need to thrive. Chief Executive Officer Greg Heckman said earlier this year that the company needed to shrink and that he expected most of the restructuring to be completed by mid-2020.Bunge appointed Nicolas Evrad as the new head head of corn, and Alejandro Boquete is leading wheat trading, the people said. Rossano De Angelis is now managing the oilseeds-crushing business in South America and Diego Rasteletti in North America. Diego Fernandes is overseeing the business at destination, or importing countries including China and Europe, the people said.Bunge declined to comment.Heckman has said he would work to centralize Bunge’s activities, shifting away from its regional structure in order to simplify the company and speed up decision making. Since taking the top job earlier this year, he has already replaced the company’s chief financial officer and brought in a chief risk officer. Last week, Bunge appointed a new chief legal officer, completing the CEO’s strategy for the senior management team.Bunge shares added 0.4% to $55.42 at 9:40 a.m. in New York, snapping three days of losses.(Adds shares in last paragraph.)To contact the reporter on this story: Isis Almeida in Chicago at ialmeida3@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Millie Munshi, Patrick McKiernanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Thin Margins Get Crop Giants Working Together as M&A Falters

    (Bloomberg) -- For years the agriculture industry has been expecting a wave of consolidation that just hasn’t come. To battle razor-thin margins, the world’s top crop traders have come up with a new strategy: working together.Rivals Archer-Daniels-Midland Co. and Cargill Inc. now have a soybean joint venture in Egypt and recently swapped grain elevators in the U.S. Midwest. The two firms, along with Bunge Ltd., Louis Dreyfus Co., Glencore Plc and China’s Cofco International Ltd. are also teaming up in a blockchain technology project that will streamline shipping transactions and reduce costs.“The name of the game in traditional ag services and oilseeds is consolidation,” Ismael Roig, ADM’s president for Europe, Middle East and Africa, said Wednesday at the Global Grain conference in Geneva. “Consolidation is easier said than done, and there aren’t many large companies with which you can do a large consolidation, so what we’ve been working on is a lot of joint ventures and alliances.”The buzz about consolidation has waned since President Donald Trump’s trade wars hurt companies’ ability to forecast trends and therefore properly value assets. At the same time, Glencore’s agriculture unit, which had previously approached Bunge, has gone quiet amid a Department of Justice investigation into the parent company. Chris Mahoney, the chief executive officer that laid out Glencore’s agriculture ambitions, also retired.Agricultural commodity merchants have struggled to make money as years of bumper crops curbed the volatility traders need to thrive. At the same time, competition has increased as more companies have entered the market. That spurred speculation the industry would consolidate in megamergers.“One of the ways to do it is to try to consolidate through joint ventures, sharing best practices, so you are getting these minor areas where companies are working together,” said Jonathan Kingsman, author of ‘Out of the Shadows: The New Merchants of Grain,’ a newly launched book about agricultural commodity traders. “This will continue because the megamergers can’t happen at the moment.”ADM plans to focus on digesting recent acquisitions after buying the animal nutrition unit of France’s InVivo for about $1.8 billion, a deal that was completed earlier this year, Roig said. Juan Luciano, who leads the Chicago-based firm, said earlier this year that ADM’s five-year plan was low risk and excludes deals above $100 million or $200 million.“With the level of acquisitions that we had, I don’t think you see ADM being a very aggressive investor in the next few years,” Roig said, adding that the firm was focused on better utilizing its grain and oilseeds assets, driving efficiencies and growing organically.The agriculture industry is just now starting to follow the path of energy markets, where companies have established partnerships and joint ventures to help spread risk and reduce costs. Roig cited a study of more than 300 oil projects, of which 70% were joint ventures.While the mega mergers haven’t happened, there are still medium and small deals taking place. Crop trader Andersons Inc. this year completed a $300 million acquisition of Lansing Trade Group. Louis Dreyfus recently sold all its inland elevators in Canada to Parrish & Heimbecker.“These discussions are happening a lot, but it’s more about swapping than outright consolidation or big trades,” Pat Bowe, chief executive officer of Andersons, said in an interview in Chicago last week. “The blockbusters? On that front it’s kind of quiet, but I think swaps and individual asset trades will continue.”(Updates with comment in sixth paragraph.)To contact the reporter on this story: Isis Almeida in Chicago at ialmeida3@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Reg Gale, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Should You Think About Buying Bunge Limited (NYSE:BG) Now?
    Simply Wall St.

    Should You Think About Buying Bunge Limited (NYSE:BG) Now?

    Bunge Limited (NYSE:BG), which is in the food business, and is based in United States, saw significant share price...

  • Thomson Reuters StreetEvents

    Edited Transcript of BG earnings conference call or presentation 30-Oct-19 12:00pm GMT

    Q3 2019 Bunge Ltd Earnings Call

  • Bunge (BG) Q3 Earnings Surpass Estimates
    Zacks

    Bunge (BG) Q3 Earnings Surpass Estimates

    Bunge (BG) delivered earnings and revenue surprises of 161.11% and -5.50%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Reuters

    UPDATE 3-Bunge shares slide as China trade war, pig disease upset exports

    Agricultural merchant Bunge Ltd warned on Wednesday of a drop in annual profits due to mounting challenges to its grain trading and processing business from the U.S.-China trade war and a fatal pig disease in Asia, sending shares down more than 4%. The company reported better-than-expected third-quarter profits, driven by higher margins on its edible oil products in North America and Brazil. The U.S. farm sector has suffered for more than a year from tit-for-tat trade tariffs with Beijing, which have cut agricultural exports from North America.

  • PR Newswire

    Bunge Reports Third Quarter 2019 Results

    WHITE PLAINS, N.Y. , Oct. 30, 2019 /PRNewswire/ --  Bunge Limited (NYSE: BG) Q3 GAAP EPS of $(10.57) vs. $2.39 in the prior year; $1.41 vs. $2.52 on an adjusted basis Results included ~$1.7 billion of ...

  • BP still aiming to close Brazil deal with Bunge in 2019
    Reuters

    BP still aiming to close Brazil deal with Bunge in 2019

    BP Plc is still looking to close its deal with Bunge Ltd to merge sugar and ethanol assets in Brazil in 2019, so the companies can go on to plan their operations together for the new cane season that starts in early 2020. BP's chief executive for biofuels, Mario Lindenhayn, told reporters on the sidelines of Datagro's sugar conference in Sao Paulo the oil major was just waiting for the green light of antitrust bodies in three countries, including China, to close the deal. "We already had the approval from Brazil and the European Union, and we are expecting remaining approvals still this year, that is the objective," Lindenhayn said.