Boussard & Gavaudan Investment Management Llp Has Lowered Position in Bunge Limited (BG) by $51.42 Million as Share Value Declined

March 17, 2018 - By Darrin Black

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.26, from 0.8 in 2017Q2. It increased, as 43 investors sold BG shares while 113 reduced holdings. 40 funds opened positions while 125 raised stakes. 109.29 million shares or 1.39% less from 110.83 million shares in 2017Q2 were reported. Meeder Asset Mgmt has invested 0.24% in Bunge Limited (NYSE:BG). State Of Wisconsin Board stated it has 135,164 shares or 0.03% of all its holdings. Wellington Mngmt Group Ltd Liability Partnership, a Massachusetts-based fund reported 143,078 shares. Morgan Stanley has 0.01% invested in Bunge Limited (NYSE:BG) for 678,967 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 118,561 shares or 0.08% of all its holdings. Cohen & Steers Inc has invested 0.02% in Bunge Limited (NYSE:BG). Public Employees Retirement Association Of Colorado has invested 0.01% in Bunge Limited (NYSE:BG). Polaris Greystone Grp Lc reported 0.16% of its portfolio in Bunge Limited (NYSE:BG). Cwm Lc invested in 0% or 123 shares. Greenwich Wealth Management Ltd Liability accumulated 46,600 shares. Aviva Public Ltd invested in 88,405 shares. Brown Advisory owns 3,748 shares. Pittenger & Anderson owns 100 shares. Fincl Bank Of Nova Scotia owns 0.1% invested in Bunge Limited (NYSE:BG) for 250,000 shares. American Bancorporation invested in 0.83% or 40,099 shares.

Boussard & Gavaudan Investment Management Llp decreased its stake in Bunge Limited (BG) by 63.35% based on its latest 2017Q3 regulatory filing with the SEC. Boussard & Gavaudan Investment Management Llp sold 745,248 shares as the company’s stock declined 10.41% while stock markets rallied. The institutional investor held 431,231 shares of the packaged foods company at the end of 2017Q3, valued at $30.00 million, down from 1.18M at the end of the previous reported quarter. Boussard & Gavaudan Investment Management Llp who had been investing in Bunge Limited for a number of months, seems to be less bullish one the $10.33B market cap company. The stock decreased 0.42% or $0.31 during the last trading session, reaching $73.43. About 2.26M shares traded or 20.76% up from the average. Bunge Limited (NYSE:BG) has risen 14.04% since March 17, 2017 and is uptrending. It has underperformed by 2.66% the S&P500.

Analysts await Bunge Limited (NYSE:BG) to report earnings on May, 2. They expect $0.34 earnings per share, down 2.86 % or $0.01 from last year’s $0.35 per share. BG’s profit will be $47.84M for 53.99 P/E if the $0.34 EPS becomes a reality. After $0.67 actual earnings per share reported by Bunge Limited for the previous quarter, Wall Street now forecasts -49.25 % negative EPS growth.

Bunge Limited (NYSE:BG) Ratings Coverage

Among 11 analysts covering Bunge Limited (NYSE:BG), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Bunge Limited has $93 highest and $57 lowest target. $81.64’s average target is 11.18% above currents $73.43 stock price. Bunge Limited had 35 analyst reports since July 31, 2015 according to SRatingsIntel. Piper Jaffray maintained Bunge Limited (NYSE:BG) rating on Thursday, August 3. Piper Jaffray has “Buy” rating and $8600 target. Piper Jaffray maintained the stock with “Buy” rating in Friday, July 14 report. Citigroup maintained the stock with “Buy” rating in Wednesday, July 12 report. Piper Jaffray maintained the stock with “Buy” rating in Friday, October 6 report. Piper Jaffray maintained Bunge Limited (NYSE:BG) on Monday, September 4 with “Buy” rating. BMO Capital Markets maintained the shares of BG in report on Thursday, July 13 with “Buy” rating. Citigroup maintained Bunge Limited (NYSE:BG) on Friday, April 29 with “Buy” rating. JP Morgan downgraded the shares of BG in report on Thursday, April 6 to “Underweight” rating. The stock of Bunge Limited (NYSE:BG) earned “Buy” rating by Credit Suisse on Friday, May 5. On Wednesday, September 27 the stock rating was maintained by BMO Capital Markets with “Buy”.

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