What Next for Bunge Ltd Stock After Today’s Bullish Options Activity?

 What Next for Bunge Ltd Stock After Today's Bullish Options Activity?

In today’s session Bunge Ltd (BG) registered an unusually high (508) 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 508 contracts traded and 39454 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BG170120C00070000 closed last at: $0.95 or 45.7% down. About 393,371 shares traded hands. Bunge Ltd (NYSE:BG) has risen 17.76% since April 13, 2016 and is uptrending. It has outperformed by 13.83% 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. Bunge Limited has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. On Tuesday, September 29 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Hold” rating given on Monday, August 3 by TheStreet. JP Morgan upgraded the shares of BG in a report on Friday, February 12 to “Overweight” rating. The rating was upgraded by BMO Capital Markets to “Outperform” on Tuesday, September 29. On Tuesday, August 2 the stock rating was upgraded by Bank of America to “Buy”. Citigroup maintained Bunge Ltd (NYSE:BG) on Friday, April 29 with “Buy” rating.

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 Q2 2016. Its down 0.14, from 1.22 in 2016Q1. The ratio is negative, 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.
Oppenheimer & Co, a New York-based fund reported 3,704 shares. Blackrock Management Limited Liability Com holds 75,803 shares or 0.01% of its portfolio. Los Angeles Capital & Equity Inc has invested 0.08% of its portfolio in Bunge Ltd (NYSE:BG). Gotham Asset Mngmt Lc accumulated 234,077 shares or 0.17% of the stock. Bnp Paribas Inv Prtn last reported 12,435 shares in the company. Principal Group Incorporated has 0.05% invested in the company for 566,252 shares. Aberdeen Asset Mgmt Public Ltd Liability Co Uk, a United Kingdom-based fund reported 46,299 shares. First Manhattan Communications last reported 96 shares in the company. Moors & Cabot has 13,328 shares for 0.14% of their US portfolio. Globeflex Ltd Partnership holds 0.34% of its portfolio in Bunge Ltd (NYSE:BG) for 21,120 shares. Dnb Asset As holds 10,153 shares or 0% of its portfolio. Ladenburg Thalmann holds 3,907 shares or 0% of its portfolio. Neville Rodie & Shaw has 0.28% invested in the company for 39,060 shares. Advisory Serv Limited Liability accumulated 254 shares or 0% of the stock. Denali Advsrs Limited holds 12,000 shares or 0.12% of its portfolio.

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 $9.77 billion. The Agribusiness segment is involved in the purchase, storage, transport, processing and sale of agricultural commodities and commodity products. It has a 15.36 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.

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