|Bid||57.93 x 800|
|Ask||57.94 x 3000|
|Day's Range||57.83 - 58.86|
|52 Week Range||57.83 - 83.20|
|Beta (3Y Monthly)||1.79|
|PE Ratio (TTM)||34.55|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||2.00 (3.42%)|
|1y Target Est||78.89|
A grain elevator at a soybean processing plant in Bellevue, Ohio, owned by U.S. agribusiness Bunge Ltd caught fire on Tuesday, company spokeswoman Susan Burns told Reuters. The fire did not impact the processing portion of the plant, where soybeans are crushed into soybean oil and soymeal, an animal feed, Burns said.
A chief executive officer was one of the insider buyers featured here. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Bunge Ltd (NYSE: BG) saw CEO Soren Schroder, the chief financial officer and three directors add to their stakes.
Cargill Inc., the biggest privately-held U.S. company, as well as its century-old rivals Archer-Daniels-Midland Co. and Bunge Ltd., among others, inked soybean deals with China’s state-owned grain buyer this week, the Beijing-based company said on its official wechat account. Under the agreement, the crop will be sourced from South American countries including Brazil, Argentina and Uruguay.
Democrats didn’t get the blue wave they hoped for Tuesday, but they picked up enough votes to take the majority in the House of Representatives, with Republicans maintaining control of the Senate. A Democratic House could provide some resistance to President Donald Trump’s trade war tariffs on China. The potential for Democrats to pressure Trump to back down on China is theoretically good news for U.S. companies that rely on Chinese supply and demand.
NEW YORK, Nov. 07, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Each American voter has Congressional seats, local government positions and ballot propositions to consider Tuesday. For investors looking at the big picture of the midterm elections, Height Capital Markets ...
On Wednesday, the Fribourg’s family business, Continental Grain Co., won a six-month activist campaign against Bunge, gaining seats on the board alongside hedge fund D.E. Shaw & Co. As part of the agreement, the trading house announced the start of a strategic review, often the precursor to a sale. The firm, based in outskirts of New York City, has been beset by low earnings, the departure of its chief trader, and unsuccessful takeover approaches from bigger rivals Glencore Plc and Archer-Daniels-Midland Co. For the publicity-shy Paul Fribourg, a sixth-generation descendant of Simon Fribourg, who founded the company in 1813 in what’s now Belgium, it’s a rare moment in the spotlight.
Traders shipping soybeans through the Pacific Northwest, a key export hub to China, are now diverting supply from that route south to the Gulf of Mexico, where the product can be shipped to countries including Iran and the European Union. Corn flows are also changing, with some elevator owners shipping more of the grain to make space for soybeans. "A very big part of the soybean supply that typically moves out of the U.S. to China comes off the West Coast, and that’s just not happening now," Soren Schroder, chief executive officer of Bunge Ltd., said in a Wednesday interview.
Of course, in a circular fashion, that results in the pigs getting fatter faster again, renewing pressure on pork prices and reducing the incentive to feed more, but it does mean the drop in soybean consumption has its limits. “Farmers may boost the amount of feed they give to livestock to compensate for lower protein content per unit, as long as there is enough profit incentive,” said Monica Tu, an analyst at researcher Shanghai JC Intelligence Co. While China’s agriculture ministry expects the new feed norms to cut soybean usage by about 14 million metric tons a year, Tu estimates that the reduction will be closer to 5-6 million tons.
“It will take a broad look at what we’re doing, the programs to make us more competitive, our strategy, and how to get the most out of that, with an open mind,” Bunge CEO Soren Schroder said in an interview. The board moves are part of settlements with two activist investment firms, hedge fund D.E. Shaw & Co. and Continental Grain Co. Those firms have pushed Bunge to improve operations and look at other ways to boost its shares, which have lagged behind in the past decade. The investment firms aren’t specifically pushing for a sale of the company, but want it to explore all possible options to improve value, The Wall Street Journal has reported.
Bunge Ltd said it will add four directors to its board and create a strategic review committee to explore options for the global grains trader, including a sale of the company, bowing to pressure from activist investors D.E. Shaw and Continental Grain Co. Bunge said three new directors, joining immediately, are Continental Grain Chief Executive Officer Paul Fribourg, former Gavilon Group CEO Gregory Heckman and Henry Winship, president of Pacific Point Capital.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting BG. BG credit default swap spreads are within the middle of their range for the last three years. 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.
Bunge (BG) delivered earnings and revenue surprises of 6.33% and -10.26%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Global grains trader Bunge Ltd, which has been receiving takeover bids, said on Wednesday it added three directors to its board, bowing to pressure from activist investors D.E. Shaw and Continental Grain ...
On a per-share basis, the White Plains, New York-based company said it had profit of $2.44. Earnings, adjusted for one-time gains and costs, came to $2.52 per share. The results topped Wall Street expectations. ...
WHITE PLAINS, N.Y. , Oct. 31, 2018 /PRNewswire/ -- Bunge Limited (NYSE:BG) Q3 GAAP EPS of $2.39 vs. $0.59 in the prior year; $2.52 vs. $0.75 on an adjusted basis Agribusiness results driven by strong soybean ...
Will Form Strategic Review Committee of the Board Focused on Enhancing Shareholder Value WHITE PLAINS, N.Y. , Oct. 31, 2018 /PRNewswire/ -- Bunge Limited (NYSE: BG) announced today that its Board of Directors ...
Bunge, one of the world’s biggest soybean processors, could announce the settlements with D.E. Shaw & Co. and Continental Grain Co. this week, said the people, asking not to be identified because the talks are private. The company is scheduled to report third-quarter earnings on Wednesday. The strategic review will look at both improving the company’s operations, but also more broadly at the consolidation of the industry, potentially opening the door to the sale of Bunge or company units, one of the people said.
Bunge Ltd. is finalizing settlement agreements with two activist investors that will add four directors to the grain trader’s board and set up a strategic-review committee that could open the door to a sale of the company, according to people familiar with the matter. Bunge is expected to announce a pair of settlements as soon as Wednesday with hedge fund D.E. Shaw & Co. and agricultural-investment firm Continental Grain Co. The agreements would expand its 11-person board by adding three new directors now—including one from Continental—and another by year-end, the people said. Bunge, with a market value of more than $9 billion, is also expected to form a board committee dedicated to a strategic review that could open the door to a sale of the company.