|Bid||56.50 x 1200|
|Ask||56.77 x 2200|
|Day's Range||56.60 - 57.70|
|52 Week Range||47.26 - 72.35|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||15.39|
|Earnings Date||Oct 29, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||2.00 (3.48%)|
|1y Target Est||67.50|
Farm groups and ethanol organizations are angered by the sharp increase in exemptions provided by the Andrew Wheeler-led Environmental Protection Agency to the oil refiners.
WINNIPEG, Manitoba/CHICAGO (Reuters) - Bunge Ltd, one the world's biggest grain traders, recently disclosed the 1.6% stake it had purchased in the fast-growing fake-meat startup Beyond Meat. The play looked smart after the stock surged more than 250% since the faux burger and sausage maker's initial public offering in May. Indeed, Beyond Meat's market capitalization of $9.9 billion is now larger than Bunge's, a 201-year-old firm with 31,000 employees. No wonder many top agricultural firms want to grab their cut of the booming market for plant-based fake meat.
PARIS/LONDON/HAMBURG, Sept 5 (Reuters) - U.S. agribusiness firm Bunge Ltd laid off up to 10 grain traders in Geneva in recent days as it pursues a global restructuring to cut costs and reduce market exposure, five industry sources said. Bunge CEO Gregory Heckman, who took over in January, told Reuters in an interview last month that improving risk management at the 200-year-old company is a key focus as he oversees a portfolio review expected to last through the middle of 2020. The group's Middle East grain desk was among sectors of the Geneva office targeted for staff cuts, other sources said.
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock...
(Bloomberg) -- CHS Inc., the biggest U.S. farm cooperative, has been waiting for two years to recover part of the millions of dollars it lent Brazilian soybean trader Seara. A legal challenge means it may have to wait even longer.Parana state-based Seara filed for creditor protection in 2017 and in April this year had a judicial recovery plan approved that would have allowed CHS to use its credits to acquire a grain terminal in a court auction as a way to recoup some of the money it’s owed.But creditors including agribusiness giant Bunge Ltd. and farm lender Rabobank challenged the recovery plan, alleging CHS was granted unfair privileges, according to people with knowledge of the matter. As a result, a court suspended parts of the plan last week, including the sale of four grain terminals, the people said.CHS, which provided funding for the Brazilian trader as a supplier of soybean for export, is by far its biggest creditor at 468 million reais ($113 million), according to a court filling. A Bunge unit is owed about 70 million reais.Bunge, Rabobank, Seara and CHS all declined to comment.Seara, a family-owned company founded 60 years ago, moved 2 million metric tons of grain before entering into bankruptcy protection. Its most valuable terminals are in Paranagua port and Maringa, which are valued in 235 million reais and 169 million reais, respectively, according to fillings.The firm isn’t related to JBS SA’s chicken unit, also called Seara.To contact the reporters on this story: Fabiana Batista in Sao Paulo at firstname.lastname@example.org;Isis Almeida in Chicago at email@example.comTo contact the editors responsible for this story: James Attwood at firstname.lastname@example.org, Millie MunshiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A couple of board chairs increased their stakes last week. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. Bunge Ltd (NYSE: BG) saw a director step up to the buy window again last week.
WASHINGTON/BRASILIA, Aug 30 (Reuters) - Brazil's foreign minister and President Jair Bolsonaro's son met with U.S. President Donald Trump on Friday to discuss the fires ravaging the Amazon rainforest, although no concrete measures to deal with the blazes were announced. Speaking to reporters following the meeting, Eduardo Bolsonaro said there could be an announcement later, potentially after his return to Brasilia on Saturday and consultations with his father. Bolsonaro has said he will appoint Eduardo as Brazil's ambassador to the United States, but the controversial nomination has yet to be sent to the Senate for voting and confirmation.
[Editor's note: "10 Small-Cap, Up-And-Coming Stocks to Keep on Your Radar" was previously published in July 2019. It has since been updated to include the most relevant information available.]2019 has been a seemingly good year for the broad market, but take a closer look. That strength has been limited to large caps. In the last three months, the S&P 500 has gained 2.4%, while the Russell 2000 small cap index has given up 1.4% of its value. The S&P 600 small cap index, with an even smaller typical market cap, is down nearly 4% in the last month.The group-wide weakness of the recent past, however, doesn't necessarily portend more weakness for all of these names in the foreseeable future. Indeed, as investors seek to lock in profits on their more recognizable large-cap positions, it's small-cap stocks that are most likely to be viewed as oversold, undervalued opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks to Ride High on the Farm Bill With that as the backdrop, here's a rundown of ten up-and-coming stocks that could energize portfolios at a time when more familiar names have little left to give. Not all of these names will ring a bell. But, that's the point. Bunge (BG)Source: Shutterstock Odds are good you've eaten something within the past 24 hours that Bunge (NYSE:BG) helped put on your plate. The company is one of the biggest global suppliers of grains like corn and wheat, but it also sells fertilizers, milled products and edible oils like olive oil and coconut oil.It isn't stopping there though. At the same time it's addressing the world's food scarcity crisis by establishing facilities closer to where needs exist, Bunge is also taking aim at the burgeoning energy crises. It and oil giant BP (NYSE:BP) announced this week they'll be working on a bioenergy project that makes the pair the world's third-biggest sugarcane processor.It's all working. Though revenue growth has been and will remain modest, these are businesses that scale well. This year's expected per-share earnings of $3.65 are projected to reach $3.84 next year. Exelixis (EXEL)Source: Shutterstock Exelixis (NASDAQ:EXEL) is a small biopharma outfit primarily focused on the treatment of cancer. Its flagship product, Cabometyx, accounts for roughly 80% of the EXEL's business, while collaboration income makes up most of the remainder.Exelixis isn't stopping with the development of Cabometyx's underlying tyrosine kinase-inhibitor though. The same molecular formula is now the basis of several dozen different clinical trials -- including a couple of phase three tests -- most of which are being handled by other pharmaceutical companies that want to use Exelixis' cabozantinib in conjunction with another drug. * 10 Marijuana Stocks to Ride High on the Farm Bill It's not a recipe for a massive, one-off growth spurt. But EXEL has set the stage for years of potential double-digit sales and earnings growth. Teladoc Health (TDOC)Source: Shutterstock Teladoc Health (NYSE:TDOC) isn't a profitable company, but at its current pace of progress, there's a light at the end of the tunnel. This year's and enxt year's top line are expected to improve by nearly 25%. That improvement should shrink 2020's loss meaningfully.It's a business model whose time has not only come, but is a sign of the times. Teladoc Health, in simplest terms, let's patients receive medical attention online. Rather than having to go into a doctor's office, an internet-based conversation -- either video chatting or a voice call -- can get you the clinical medical attention you need. Teladoc's doctors can even write a prescription when necessary. Brooks Automation (BRKS)Source: Shutterstock It was inevitable. As improved computers in turn improved robotics, manufacturing organizations would increasingly automate their operations. Not only are robots cheaper than humans, they tend to fabricate more precise products.Enter Brooks Automation (NASDAQ:BRKS), which offers automation solutions manufactures want, and even need.The company has carved out a couple of niches in the most lucrative of industries. That is, Brooks caters specifically to semiconductor makers, and life sciences companies. Its Spartan Sorters, for instance, handle ultra-thin wafers used in high-end technologies, allowing the fabrication of electronics components in a perfectly dust-free environment that might otherwise compromise the functioning of that component. * 10 Marijuana Stocks to Ride High on the Farm Bill In the red just three years ago, Brooks has found a bullish (and profitable) groove, easily qualifying BRKS as one of the top up-and-coming stocks among small-cap names. Qorvo (QRVO)Source: Shutterstock Speaking of semiconductor technologies, add Qorvo (NASDAQ:QRVO) to the list of small cap stocks to mull. Whereas Brooks Automation makes a means of handling them, Qorvo makes the chips that need special care when handling.It's clearly not an Intel (NASDAQ:INTC). It's not even a Texas Instruments (NASDAQ:TXN). Don't let its small size fool you though. What Qorvo may not be a head turner, but it's got a diverse menu of technology products that serve industries ranging from automobiles to mobile devices to aerospace outfits to the nascent Internet of Things arena.The advent of 5G connections (and the subsequent Internet of Things era it will help usher in) appears to be a particularly strong opportunity for the company. Not only does Qorvo make some of the 5G components used in 5G handsets, it makes solutions for so-called 'smart homes' that will be monitored and managed using those ultra-high-speed connections. Graphic Packaging Holding Company (GPK)You don't likely know it, but it would be unusual if within the past week you hadn't seen, or even touched, something made by Graphic Packaging Holding Company (NYSE:GPK). The company makes a variety of packaging solutions, particularly for the food and beverage industries, but also manufactures cartons that can double as display solutions.It's hardly a riveting business, but it's one that lends itself to scaling up. And, Graphic Packaging has kept things interesting by doing just that. GPK shares jumped more than 7% on Tuesday in response to the company's second quarter earnings beat that was at least partially driven by last year's acquisition of PFP and part of Letica Foodservice, and partially driven by its relatively new status as an approved member of Amazon's Packaging Support and Supplier Network. * 10 Marijuana Stocks to Ride High on the Farm Bill The company also announced ts intention to buy Artistic Carton, setting up more scale for later this year and beyond. Arrow Electronics (ARW)Source: Shutterstock Add Arrow Electronics (NYSE:ARW) to your list of noteworthy up-and-coming stocks. Though this year is proving to be a tough one that's taken a toll on the stock's price, the company is expected to start growing in earnest again come next year.If you need an electronics component, or even a completely self-contained system on a circuit board, Arrow Electronics probably offers it. If not, it can find or even develop one. The company sells thousands of various amplifiers, converters, capacitors, sensors, switches and more. None of it is sexy, but all of it is marketable.And the tech industry has taken notice. Microsoft (NASDAQ:MSFT) recently deemed Arrow Electronics to be one of the technology sector's top providers of Microsoft-based solutions for 2019. Catalent (CTLT)Source: Shutterstock If you've ever wondered who makes the capsules and coatings that surround pills and then melt in your stomach, it's rarely the drug's actual manufacturer. A company called Catalent (NYSE:CTLT) supplies them.That's only a fraction of the drug-delivery solutions the company brings to the table though. Catalent also offers spray-drying technology to improve a medicine's solubility, beauty-related packaging and drug-development solutions just to name a few more. Its lineup largely consists of the things consumers take for granted, but couldn't live without.It's not a high-growth business. It's a company that saw explosive growth in 2017, though, that's still largely being overlooked. * 10 Marijuana Stocks to Ride High on the Farm Bill And that's a big mistake. Patient investors would have been rewarded with a 79% gain thus far in 2019. And, with its growing role in the field of gene therapies, similar upside may still be on the table. F.N.B. Corp (FNB)Source: Shutterstock It's certainly no threat to the likes of Bank of America (NYSE:BAC) or Wells Fargo (NYSE:WFC)… at least not yet. Regional bank F.N.B. Corp (NYSE:FNB) is still a name to respect though, and perhaps even invest in.F.N.B. Corp -- consumers in the northeastern part of the country know it better as First National Bank -- operates nearly 400 branches in seven different states, sporting an asset base in excess of $30 billion. That leaves the bank in something of a sweet spot, where it's got enough size to make use of its fiscal muscle, but isn't so big that it's crimped by the Fed's banking rules specifically taking aim at institutions that are 'too big to fail.'More important, F.N.B. is a steady-growth machine. Through a combination of acquisitions and smart execution, the company hasn't failed to grow operating income in any quarter since 2011. XPO Logistics (XPO)Source: Shutterstock One wouldn't think a logistics market that already included the likes of United Parcel Service (NYSE:UPS) and FedEx (NYSE:FDX) would even allow another player to take shape, let alone thrive.But XPO Logistics (NYSE:XPO) is doing something most enterprising newcomers to any market try to do. They're using their competition's sheer size against them, and leveraging technology to become a highly-nimble service provider for organizations that need very specific solutions. XPO is more of a supply chain consultant than a shipping company. It identifying where inefficiencies exist -- something FedEx and UPS haven't quite embraced.The company's results underscore the argument that XPO is one of a handful of up-and-coming stocks worth a closer look. Though revenue has only been growing at a single-digit pace, per-share earnings are expected to reach $3.86 this year, up from last year's $3.19, and then soar to $4.65 in 2020.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post 10 Small-Cap, Up-And-Coming Stocks to Keep on Your Radar appeared first on InvestorPlace.
(Bloomberg) -- Bunge Ltd. Chief Executive Officer Greg Heckman expects the agribusiness giant to have most of its major turnaround initiatives completed by the middle of next year.Since taking the helm in January, Heckman has overhauled management, centralized trading activities and formed a biofuel venture with BP Plc. Last week, he announced plans to move Bunge’s headquarters to St. Louis from White Plains, New York.Rather than a mere cost-cutting measure, the move to St. Louis is an efficiency play given the Missouri inland port city’s strong agricultural ties, Heckman said in his first interview as Bunge CEO. It’s all part of his push to defend margins amid fast-changing policies and markets.“If you don’t make a decision in this industry you’re making a decision,” he said by telephone. “The velocity of what’s happening in the world with crops coming off multiple times during the year and foreign exchange and government policy and all of the things you can’t control, you really have to make decisions around the things that you can.”Back in February, when Heckman was laying out his vision for the company, he said he wanted to optimize Bunge’s sprawling portfolio to focus on businesses where it can “win.” In Tuesday’s interview, he said moves aren’t one-time and are made with an eye toward having the company execute simpler and with more transparency going forward. That should drive performance and shareholder value.Heckman was brought in to the 201-year-old firm as part of an arrangement with activist investors D.E. Shaw and Continental Grain after dwindling returns and valuations drew takeover interest from rivals Archer-Daniels-Midland Co. and Glencore Plc.Bunge has beaten earnings estimates in the past two quarters and its shares have outperformed those of ADM this year. But Heckman continues to navigate a tough environment. Over the past year, trade and weather disruptions have added further uncertainty to oversupplied crop markets.“The U.S.-China trade situation, it’s just not clear how that’s going to play out,” he said, reiterating the firm’s view that second-half results would be weighted toward the fourth quarter. “Then you add on top of that some of the unrest really globally around developing markets and currency.”(Updates with CEO comments in fifth paragraph.)To contact the reporter on this story: Mario Parker in Chicago at email@example.comTo contact the editors responsible for this story: James Attwood at firstname.lastname@example.org, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive who is determined not to get burned again. Gregory Heckman, who joined Bunge's board late last year and took on the CEO role in January, told Reuters in an interview on Tuesday improving risk management at the 200-year-old company is a key focus as he oversees a portfolio review that is expected to last through the middle of 2020. As the trade war enters its second year with no sign of a resolution, White Plains, New York-based Bunge and other grain traders are also navigating weather-reduced crops in the United States, a herd-culling hog disease in China that has slashed demand for soybeans and currency gyrations that have fueled uncertainty in top soymeal exporter Argentina and elsewhere.
Bunge Ltd. CEO Greg Heckman has said the company’s planned headquarters move from New York to its existing St. Louis-area offices is a “big step forward” in shifting its operating model to a more efficient, streamlined global structure.
Bunge Ltd. is relocating its global headquarters to St. Louis in a move that local economic development leaders say is a rare development
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Bunge Ltd., an agriculture, food and ingredients company, will move its global headquarters from White Plains, New York, to its offices Chesterfield. The relocation is expected to be completed in second quarter 2020, officials said Tuesday.
WHITE PLAINS, N.Y., Aug. 13, 2019 /PRNewswire/ -- Bunge Limited (BG) ("Bunge" or "the Company"), a leader in agriculture, food and ingredients, today announced that it is relocating its global headquarters from White Plains, NY, to the St. Louis, MO metropolitan area. This move allows the Company to leverage shared capabilities and enhance collaboration. "While St. Louis is already an important hub for Bunge and our current North American operations, the city is also home to a number of food, agriculture, animal health and plant science organizations and customers," said Gregory A. Heckman, Bunge's CEO. "Moving the global headquarters to a location where Bunge has a major business presence is a big step forward in shifting the Company's operating model to align around a more efficient, streamlined global business structure.
WHITE PLAINS, N.Y., Aug. 2, 2019 /PRNewswire/ -- Bunge Limited (BG) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.50 per common share. The dividend is payable on December 2, 2019 to shareholders of record on November 18, 2019. The company also declared a quarterly cash dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares, payable on December 1, 2019 to shareholders of record on November 15, 2019.
Bunge (BG) delivered earnings and revenue surprises of 375.00% and -12.78%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?