Aggressive’ Bullish Options Activity Seen in Bunge Ltd

 Aggressive' Bullish Options Activity Seen in Bunge Ltd

In today’s session Bunge Ltd (BG) registered an unusually high (953) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BG increase. With 953 contracts traded and 13864 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BG170120C00065000 closed last at: $5.4 or 134.8% up. About 724,659 shares traded hands. Bunge Ltd (NYSE:BG) has risen 23.85% since April 4, 2016 and is uptrending. It has outperformed by 22.76% the S&P500.

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 11.31% above today’s ($69.92) stock price. Bunge Limited has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Credit Suisse upgraded the stock to “Outperform” rating in Tuesday, September 29 report. The firm has “Hold” rating given on Monday, August 3 by TheStreet. The firm earned “Buy” rating on Friday, April 29 by Citigroup. BMO Capital Markets upgraded the stock to “Outperform” rating in Tuesday, September 29 report. As per Tuesday, August 2, the company rating was upgraded by Bank of America. As per Friday, February 12, the company rating was upgraded by JP Morgan.

According to Zacks Investment Research, “Bunge Ltd. is an integrated global agribusiness and food company spanning the farm-to-consumer food chain. Bunge processes, produces, moves, distributes and markets food on five continents.”

Insitutional Activity: The institutional sentiment decreased to 1.08 in 2016 Q2. Its down 0.14, from 1.22 in 2016Q1. The ratio dived, 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.
Dupont Capital Management reported 31,978 shares or 0.04% of all its holdings. Moreover, Cubist Systematic Strategies Llc has 0.2% invested in Bunge Ltd (NYSE:BG) for 58,369 shares. Trust Investment Advsr has 0.41% invested in the company for 5,850 shares. Stevens Mngmt Lp last reported 36,506 shares in the company. Citigroup last reported 0% of its portfolio in the stock. Oppenheimer Company accumulated 3,704 shares or 0.01% of the stock. Horizon Kinetics Llc holds 12,690 shares or 0.02% of its portfolio. Pinebridge Investments Lp accumulated 0% or 1,640 shares. Twin Tree Mgmt Lp has invested 0.02% of its portfolio in Bunge Ltd (NYSE:BG). Blackrock reported 1.09 million shares or 0.03% of all its holdings. Lazard Asset Management Ltd Liability Com holds 89,127 shares or 0.01% of its portfolio. Korea Investment Corp has 23,600 shares for 0.01% of their US portfolio. Janus Capital Ltd Liability accumulated 0% or 19,100 shares. Boothbay Fund Mgmt Limited Liability Corporation has 4,318 shares for 0.12% of their US portfolio. Capstone Invest Ltd Liability has 0.01% invested in the company for 9,720 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 1 insider sale for $688,201 net activity. Lupo L Patrick had sold 11,230 shares worth $688,201 on Thursday, May 12.

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 $10.72 billion. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. It has a 14.04 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.

BG Company Profile

Bunge Limited, incorporated on May 18, 1995, is an agribusiness and food firm with integrated activities that stretch from the farm field to consumer foods. The Firm is an oilseed processor and producer of vegetable oils and protein meals; grain processor; seller of packaged vegetable oils across the world; producer and seller of wheat flours and bakery mixes, dry milled corn products and milled rice products, and producer of sugar and ethanol in Brazil, and global trader and merchandiser of sugar. The Firm operates through five divisions: Agribusiness, Edible Oil Products, Milling Products, Sugar and Bioenergy, and Fertilizer.

More news for Bunge Ltd (NYSE:BG) were recently published by: Rttnews.com, which released: “Bunge Ltd. (BG) Surged To A 10-Month High After Q3 Report” on November 03, 2016. Streetinsider.com‘s article titled: “Form 4 Bunge LTD For: Nov 01 Filed by: Borg Deborah” and published on November 03, 2016 is yet another important article.

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