|Bid||61.64 x 800|
|Ask||61.67 x 1400|
|Day's Range||60.68 - 62.49|
|52 Week Range||29.00 - 62.73|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||17.44|
|Earnings Date||Feb 10, 2021 - Feb 15, 2021|
|Forward Dividend & Yield||2.00 (3.19%)|
|Ex-Dividend Date||Nov 17, 2020|
|1y Target Est||69.63|
Advice from brokers is desirable for designing a winning portfolio of stocks. One should watch out for broker-favorite bets like ArcBest (ARCB), Bunge Ltd. (BG), American Axle (AXL), Beazer Homes (BZH) and Cross Country Healthcare (CCRN).
Bunge (NYSE: BG) declared a dividend payable on December 2, 2020 to its shareholders as of August 6, 2020. It was also announced that shareholders of Bunge's stock as of November 18, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Bunge, which has a current dividend per share of $0.5, has an ex-dividend date scheduled for November 17, 2020. That equates to a dividend yield of 4.46% at current price levels.The Significance Of An Ex-Dividend Date Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.Understanding Bunge's Dividend History Over the past year, Bunge has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 15, 2019 the company's payout was $0.5, which has returned to its value today. Bunge's dividend yield last year was 3.0%, which has since grown by 1.46%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Bunge click here.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Lows On Monday * Earnings Outlook For Aramark(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Bunge (BG) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
(Bloomberg) -- Billionaire Margarita Louis-Dreyfus agreed to sell a 45% stake in the eponymous agricultural trader to an Abu Dhabi sovereign wealth fund, opening the storied family business to outside ownership for the first time to secure desperately needed cash for its owner.Louis-Dreyfus, who controls more than 96% of the holding company that owns LDC, has been scrambling to raise funds after borrowing about $1 billion to buy out other family members and pledging some of her shares in the family business as collateral.The agreement with ADQ should reduce some pressure from lenders including Credit Suisse Group AG. Until now, Louis-Dreyfus has repaid her debts by taking hefty dividends from the trading house, often larger than the annual profits, which had resulted in a drop in its equity value.The deal confirms talks first reported by Bloomberg in September. Financial terms were not disclosed but the companies said at least $800 million of the proceeds from the sale would be invested into LDC. The money will go toward repaying a $1.05 billion loan from LDC to its parent company, the trader said in response to questions. The company had a book value of $4.5 billion as of June, after paying a $302 million dividend, most of which went to Louis-Dreyfus.Read More: Billionaire Louis-Dreyfus Takes Big Dividend From Trading HouseFor ADQ, formerly known as Abu Dhabi Development Holding Co., acquiring a minority stake in one of the four largest traders of grains, oilseeds and sugar will help boost food security for the United Arab Emirates at a time when governments around the world are accelerating efforts to ensure they can feed their citizens.While the fund owns large businesses spanning key sectors of the oil-rich emirate’s economy, including Abu Dhabi Securities Exchange and Abu Dhabi Airports, the Dreyfus deal will be its first major overseas investment. It has in the past year emerged as one of the most active sovereign dealmakers from the Gulf, strengthening Abu Dhabi’s food, energy and logistics security through a flurry of transactions.Set up in 2018, it’s chaired by Sheikh Tahnoon Bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family, and was in talks with banks earlier this year to bankroll its acquisition spree, Bloomberg reported. Its assets are now estimated at around $136 billion, according to the Sovereign Wealth Institute.As part of the deal announced Wednesday, LDC has signed a long-term commercial supply pact for the sale of agri-commodities to the UAE.Read More: Abu Dhabi Looks to Desert and Space Farming to Boost Food SupplyIt isn’t the first time that a state-owned investment firm has acquired an interest in one of the world’s largest agricultural commodities trading houses. Temasek Holdings Pte, a state-owned firm of Singapore, is the majority owner of Olam International, a coffee-to-cotton trader. In 2012, GIC Pte, the sovereign wealth fund of Singapore, bought a 5% stake in Bunge Ltd., becoming its largest shareholder. It later sold its stake.For LDC, the sale caps a decade-long string of unsuccessful negotiations with others. Louis-Dreyfus discussed merging her agricultural trading house with Glencore Plc in 2011 but the talks with Chief Executive Officer Ivan Glasenberg, which went as far as Glencore performing due diligence on Louis Dreyfus, failed as both sides couldn’t agree on valuation.Later, she tried a merger with Bunge, but the conversations never went beyond an early approach. Louis-Dreyfus also talked with Singaporean state-owned investment firms, at least twice approaching them to sell a stake, but in both occasions the buyer balked at the price.The ABCDsRenewed efforts to find equity investors stalled earlier this year, but the pandemic and resulting food security concerns helped revive interest in LDC, which represents the ‘D’ in the quartet of the biggest agri-traders known as the ‘ABCDs.’ After several difficult years when profits plunged, the fortunes of Louis Dreyfus and its rivals appear to have turned around in 2020 as China has embarked on a buying spree of agricultural commodities, particularity corn, lifting margins.Louis-Dreyfus, 58, inherited the family business after the death of her late husband Robert Louis-Dreyfus, who turned around the business in the early 2000s. The relations with her in-laws had been always tense.LDC didn’t comment on whether a binding deal had been signed with ADQ, only that the sale is subject to customary closing conditions, including regulatory approvals. However, Louis-Dreyfus has walked away in the past after public announcements, including merger talks with Olam in 2010.Rotterdam-based LDC has seen a series of management shakeups in recent years, including announcing on the same day in 2018 that its chief executive officer and chief financial officer would depart. Three-decade company veteran Ian McIntosh, who took over as CEO after those surprise resignations, retired in September and was replaced by Chief Operating Officer Michael Gelchie.Credit Suisse advised Louis Dreyfus on the transaction and Rothschild & Co. advised ADQ.(Updates with background on ADQ.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bunge Limited (NYSE: BG) today announced that it has agreed to sell its rice mill in Woodland, California to Farmers' Rice Cooperative. The completion of the sale is subject to customary closing conditions and is expected to be finalized by the end of 2020.
Before we spend countless hours researching a company, we 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 […]
Zacks.com featured highlights include: Ford, Bed Bath & Beyond, Bunge, Cross Country Healthcare and Bloomin' Brands
|Maintains||Morgan Stanley: to Equal-Weight||10/29/2020|
|Maintains||Credit Suisse: to Outperform||8/14/2020|
|Upgrade||Baird: Neutral to Outperform||5/13/2020|
|Maintains||Morgan Stanley: to Equal-Weight||3/30/2020|
|Upgrade||Goldman Sachs: Neutral to Buy||12/10/2019|
|Initiated||Stephens & Co.: to Overweight||10/8/2019|
Sector(s): Consumer Defensive
Industry: Farm Products
Full Time Employees: 25,000
Bunge Limited operates as an agribusiness and food company worldwide. It operates in five segments: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and vegetable oils and protein meals. It provides its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing companies; and for industrial and biodiesel production applications. The Edible Oil Products segment provides packaged and bulk oils and fats, including cooking oils, shortenings, margarines, mayonnaise, and others for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. The Milling Products segment offers wheat flours and bakery mixes; corn milling products that include dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; and milled rice products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. The Fertilizer segment offers nitrogen, phosphate, and potassium fertilizers; and SSP, ammonia, ammonium thiosulfate, monoammonium phosphate, diammonium phosphate, triple supersphosphate, urea, urea-ammonium nitrate, ammonium sulfate, and potassium chloride. The company was founded in 1818 and is headquartered in St. Louis, Missouri.