Will Bunge Ltd Go Down Anytime Soon? Option Trader Believe So


 Will Bunge Ltd Go Down Anytime Soon? Option Trader Believe So

In today’s session Bunge Ltd (BG) recorded an unusually high (959) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious BG decrease. With 959 contracts traded and 1744 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: BG161118P00057500 closed last at: $2 or 16.7% down. About 1.02 million shares traded hands or 2.00% up from the average. Bunge Ltd (NYSE:BG) has risen 18.78% since March 1, 2016 and is uptrending. It has outperformed by 9.54% the S&P500.

Analysts await Bunge Ltd (NYSE:BG) to report earnings on November, 3. They expect $1.27 EPS, up 2.42% or $0.03 from last year’s $1.24 per share. BG’s profit will be $177.31M for 11.80 P/E if the $1.27 EPS becomes a reality. After $0.79 actual EPS reported by Bunge Ltd for the previous quarter, Wall Street now forecasts 60.76% EPS growth.

Bunge Ltd (NYSE:BG) Ratings Coverage

Out of 6 analysts covering Bunge Limited (NYSE:BG), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. $93 is the highest target while $57 is the lowest. The $77.83 average target is 29.82% above today’s ($59.95) stock price. Bunge Limited has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet to “Hold” on Monday, August 3. The stock of Bunge Ltd (NYSE:BG) earned “Buy” rating by Citigroup on Friday, April 29. As per Tuesday, September 29, the company rating was upgraded by Credit Suisse. Bank of America upgraded Bunge Ltd (NYSE:BG) on Tuesday, August 2 to “Buy” rating. The stock of Bunge Ltd (NYSE:BG) earned “Overweight” rating by JP Morgan on Friday, February 12. As per Tuesday, September 29, the company rating was upgraded by BMO Capital Markets.

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.14, from 1.22 in 2016Q1. The ratio fall, as 33 funds sold all Bunge Ltd shares owned while 123 reduced positions. 41 funds bought stakes while 127 increased positions. They now own 106.51 million shares or 8.39% less from 116.26 million shares in 2016Q1.
The New York-based Boothbay Fund Mgmt Ltd Liability has invested 0.12% in Bunge Ltd (NYSE:BG). Oppenheimer And has 3,704 shares for 0.01% of their US portfolio. Centurylink Invest Mgmt, a Colorado-based fund reported 26,470 shares. Moreover, Us State Bank De has 0.02% invested in Bunge Ltd (NYSE:BG) for 108,125 shares. Axa last reported 0.13% of its portfolio in the stock. Vident Inv Advisory Limited Company holds 0.28% or 34,009 shares in its portfolio. The Massachusetts-based Wellington Management Llp has invested 0% in Bunge Ltd (NYSE:BG). Moreover, has 0% invested in Bunge Ltd (NYSE:BG) for 39 shares. Denali Lc last reported 12,000 shares in the company. Pggm Invs has 223,772 shares for 0.07% of their US portfolio. Moreover, Dreman Value Mgmt L L C has 0.03% invested in Bunge Ltd (NYSE:BG) for 780 shares. Lesa Sroufe And Company has 60,560 shares for 3.13% of their US portfolio. First Republic Inv Mgmt Inc has 0.01% invested in the company for 14,656 shares. The New York-based Neuberger Berman Gru Limited Liability Corp has invested 0% in Bunge Ltd (NYSE:BG). The California-based Tradewinds Invsts Lc has invested 2.26% in Bunge Ltd (NYSE:BG).

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 1 insider sale for $688,201 net activity. $688,201 worth of Bunge Ltd (NYSE:BG) was sold by Lupo L Patrick.

Bunge Limited is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. The company has a market cap of $8.37 billion. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. It has a 12.02 P/E ratio. The Edible oil products and milling products divisions include businesses that produce and sell edible oil based products, including vegetable oils, shortenings, margarines and mayonnaise, and milled grain products, such as wheat flours, corn products and rice.

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