After Today’s Bearish Options Activity, Is Bunge Ltd’s Near-Term Analysis Positive?

 After Today's Bearish Options Activity, Is Bunge Ltd's Near Term Analysis Positive?

In today’s session Bunge Ltd (BG) recorded an unusually high (1,500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious BG decrease. With 1,500 contracts traded and 15854 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BG161216P00060000 closed last at: $0.15 or 25% down. About 35,263 shares traded hands. Bunge Ltd (NYSE:BG) has risen 11.00% since April 27, 2016 and is uptrending. It has outperformed by 5.77% the S&P500.

Analysts await Bunge Ltd (NYSE:BG) to report earnings on February, 9. They expect $1.72 EPS, up 15.44% or $0.23 from last year’s $1.49 per share. BG’s profit will be $242.08M for 9.83 P/E if the $1.72 EPS becomes a reality. After $0.73 actual EPS reported by Bunge Ltd for the previous quarter, Wall Street now forecasts 135.62% 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 15.07% above today’s ($67.64) stock price. Bunge Limited has been the topic of 10 analyst reports since July 31, 2015 according to StockzIntelligence Inc. JP Morgan upgraded Bunge Ltd (NYSE:BG) on Friday, February 12 to “Overweight” rating. The rating was upgraded by BMO Capital Markets on Tuesday, September 29 to “Outperform”. Citigroup maintained it with “Buy” rating and $80 target price in Friday, April 29 report. Credit Suisse upgraded the stock to “Outperform” rating in Tuesday, September 29 report. TheStreet downgraded Bunge Ltd (NYSE:BG) on Monday, August 3 to “Hold” rating. The rating was upgraded by Bank of America to “Buy” on Tuesday, August 2.

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 0.97 in Q2 2016. Its down 0.11, from 1.08 in 2016Q1. The ratio dropped, 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.
Balyasny Asset Mngmt Ltd Limited Liability Company accumulated 98,024 shares or 0.04% of the stock. Global Thematic Prtnrs Limited Company holds 604,853 shares or 0.89% of its portfolio. Loring Wolcott And Coolidge Fiduciary Limited Liability Partnership Ma reported 1,000 shares or 0% of all its holdings. Clinton Group has 0.39% invested in the company for 148,565 shares. Eventide Asset Management Llc, a Massachusetts-based fund reported 3,400 shares. Manufacturers Life Insur Com The has 0% invested in the company for 5,046 shares. Catalyst Advsr Ltd accumulated 0.08% or 7,000 shares. Caisse De Depot Et Placement Du Quebec holds 0.04% of its portfolio in Bunge Ltd (NYSE:BG) for 252,600 shares. Whittier Tru Com Of Nevada accumulated 115 shares or 0% of the stock. Convergence Inv Partners Limited Liability Company, a Wisconsin-based fund reported 65,246 shares. Nomura Asset Mngmt Limited has 0.07% invested in the company for 59,766 shares. Moreover, Marshall Wace Limited Liability Partnership has 0.01% invested in Bunge Ltd (NYSE:BG) for 15,126 shares. Mizuho Asset Mngmt Coltd accumulated 2,206 shares or 0.02% of the stock. Henderson Grp Pcl holds 0.01% or 22,596 shares in its portfolio. Massachusetts Fincl Serv Ma reported 1.32M shares or 0.04% of all its holdings.

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 $9.52 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.

Another recent and important Bunge Ltd (NYSE:BG) news was published by which published an article titled: “Ex-Dividend Reminder: Visa, United Technologies and Bunge” on November 14, 2016.

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