Canada markets open in 5 hours 55 minutes

Bunge Limited (BG)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
98.09-0.62 (-0.63%)
At close: 04:00PM EST
96.49 -1.60 (-1.63%)
After hours: 07:16PM EST
Sign in to post a message.
  • l
    lgtccjm
    I own the convertible preferred. It has been a good investment. The common is approaching the price where conversion is mandatory. My yield will go down, but not very much since the conversion price has also declined each year. Soon will be a common stock owner if the price continues to increase.
  • F
    Foster
    I never thought this stock would creep to 100. I always figured we would have an earnings report that would cause it to soar from 90 to 105 in a week. This is very nice to see although it is still freaky undervalued even compared to ADM which is also doing great lately. We are a long way from having to decide a sell point. It will be a nice decision to have to make.
  • d
    doug
    New 13.7-year high today!

    (52 weeks - meh)
  • N
    Noah Solomon
    BG and ADM are crucial to every single person, both of them should be $100+ by now. Very confident in agribusiness as a whole but these two are leading the way in the US at least. Market cap should be way higher given how essential crop production is. I think people will slowly rotate in BG so I’m thinking about buying heaps of leaps
  • i
    ixos
    very dissappointed to see BG price action again...
  • i
    ixos
    @Foster, @Sandy, what are your predictions for the upcoming days, weeks?
  • F
    Fed Up
    Hello. New to this board. Just had 3 questions:

    1) In your opinion, what is BG's biggest strength and weakness?
    2) The co. has over $7B in debt. What steps are they taking to reduce debt (especially if interest rates creep up over next few years)?
    3) As a previous poster mentioned, does this company issue K-1s to stockholders during tax season?
    Thank you.
  • i
    ixos
    I wish all BG holder a happy new year and lets hit ATH in this new year!
  • a
    alan
    I am a BG shareholder. I do want to caution people, though, that BG and other agribusinesses do go through earnings cycles. They do expect the environment will be positive for them for at least the next few years. Thank goodness they did finally get rid of the former top executive.
  • F
    Foster
    Very nice follow through after yesterday's move. I like this action much more than the last time. Slow and steady works for me! We are within 30 cents of a new 52 week high. We need to take that out today and then blow through 100 soon! How could you ever sell a stock with these kind of earnings? This stock would be undervalued at $130. Really!
  • F
    Foster
    @Sandy @Ted It does not get any better than this!!!! I love BG. I wish I had much more but I still have plenty to feel good. I actually forgot that they were buying back shares. I will nee to read the CC transcripts to see what they are are going to do now. The stock should still be well over 100 with that report. Meanwhile, I will take it!
  • F
    Foster
    @Ted @Sandy Greetings Ted. You don't know me but Sandy and I are well acquainted so that makes us like minded as well. I am in the same stocks as Sandy other than Gold and FMC. Clearly, BG is my favorite too. I am long term on all of my Ag stocks as well. I also own INGR and CTVA that Sandy does not own. My concern right now is the larger overall inflation narrative. It simply does not seem to be holding up like we all have expected. I am really concerned about what I see happening recently with other than Ag prices. You may not follow Iron Ore but it has imploded over just the last few weeks. We all know oil is collapsing and so are things like lumber that I only track. I am heavily invested in energy and Ag. I dabble in Iron and Aluminum. Honestly, it does feel like there is no place to hide. I have a 29 year old young friend who knows nothing about investing. He laughs at me with my commodity investments because he is all about Bitcoin and ETH. Every day I scratch my head and wonder who will get the last laugh. Trust me, I would not buy crypto at 1 cent on the dollar, just to point our my frustration.
  • S
    Sandy
    I bought more prior to earnings. BG is undervalued at under $50, fairly valued around $60 in my opinion. My bullish thesis is: 1) weak US dollar helps BG as they have a significant revenue abroad 2) free cash flow is good for market cap 3) new management with goal of earnings of $5 or more and to deleverage and simplify business 4) decent dividend yield 5) potential take-over target. I believe all of the agri-stocks have strong and improving fundamentals, BG is one amongst them.
  • H
    Hillsdale89
    Is this getting near anyone’s sell point? I have to admit that I bought this as an income stream, at what I thought was a good price and better than 5% yield, $38.08. I think I’m out at around $82-84.00. If we get an announcement about the dividend I may reconsider, but this has been a great ride!
  • J
    Jeffrey
  • d
    doug
    (Bloomberg) -- Oil giant Chevron Corp. and oilseed-and-grain company Bunge Ltd. agreed to pursue a joint venture to build a “farmer to fueling station” supply chain to meet demand for less-polluting renewable fuels.

    Chevron would tap Bunge’s oilseed processing expertise and farmer relationships to gain a source of meal and plant-based oil that could be used to make diesel and jet fuel through the proposed partnership, according to a Thursday statement. Bunge is expected to contribute soybean processing facilities in Louisiana and Illinois, and Chevron expects to put about $600 million into the venture.

    “This relationship with Chevron would enable Bunge to better serve our farmer customers by accessing demand in the growing renewable fuels sector,” Bunge Chief Executive Officer Greg Heckman said.

    The two companies anticipate doubling the combined capacity of Bunge’s facilities from 7,000 tons per day by the end of 2024 through the partnership, according to the statement. The collaboration would also pursue new growth opportunities in lower carbon intensity feedstocks.

    The joint venture positions Chevron “to expand into the renewable fuel feedstock value chain, which will advance our higher returns, lower carbon strategy,” Mark Nelson, Chevron’s executive vice president of downstream and chemicals, said.

    Bunge shares surged 3.1% at 9:39 a.m. trading in New York, its biggest jump since July 28, while Chevron’s stock rose 1.2%.
  • D
    Doug
    Good summary for anyone stopping by...

    July 28 (Reuters) - U.S. agricultural commodities trader Bunge Ltd raised its full-year adjusted profit outlook on Wednesday after stronger-than-expected food and renewable fuel demand for its vegetable oils drove a 41% jump in quarterly income.

    Shares jumped 3% in morning trading after the company projected full-year 2021 adjusted income of at least $8.50 per share, up from its previous estimate of about $7.50 per share.

    Bunge's results offer an insight into how global grain traders are emerging from the COVID-19 pandemic that triggered massive shifts in demand last year as consumers cooked more meals at home and avoided unnecessary travel.

    Increased demand for vegetable oils from U.S. food-service companies and the renewable diesel sector are now lifting Bunge's expectations for earnings, Chief Executive Greg Heckman said. Renewable fuel demand, in particular, has triggered a "structural improvement" in oilseed markets, he told analysts on a conference call.

    Unlike other green fuels such as biodiesel, renewable diesel can power auto engines without being blended with diesel derived from crude oil, making it a low-pollution option. Refiners can produce renewable diesel from animal fats, plant oils and used cooking oil.

    "There's going to be more capacity needed to meet this demand growth," Heckman said.

    Heckman in May said Bunge was working to squeeze more production out of its existing oilseed crush and refining operations to capitalize on soaring vegetable oils demand.

    Rival Archer-Daniels-Midland unveiled plans for a new U.S. oilseed facility the same month.

    Adjusted earnings in Bunge's vegetable oils segment surged 135% to $113 million in the quarter that ended on June 30 from a year earlier. Adjusted earnings in the bigger agribusiness unit fell from last year, though net sales increased.

    Total adjusted net income in the quarter rose to $2.61 per share from $1.88 a year earlier, beating analysts' estimates for $1.62, according to Refinitiv IBES. Revenues of $15.391 billion topped Wall Street estimates for $11.583 billion. (Reporting by Arunima Kumar in Bengaluru and Tom Polansek in Chicago; editing by Uttaresh.V, Kirsten Donovan)
  • S
    Sandy
    According to earnings call, they had projected earnings to somewhere less than $3.70 for year after Q1 results. After Q2 results, they guided Q3 and Q4 combined earnings upwards by 100 million dollars ($0.55 per share) after the Q2 earnings beat. My estimate for their projected full year earnings guidance is around $4 for 2020 year. 1st half of year, BG generated 715 million free cash flow, using 100 million to buy back stock, 413 million to pay back debt, and 142 million to dividends. If margins are stable, BG is a free cash cow. This stock should be trading nowhere in the 40s with a PE ratio of 15 (15 x 4 = 60), 40% upside from here. I am definitely adding more if I get a chance.
  • S
    Sandy
    Added 600 shares more today, 2000 shares total now. Fully built my BG position. My fair value analysis has this stock at $50. Insider purchases and management goal of $5+ earnings per share are encouraging. I believe in this company, especially with their deleveraging and simplified business model. Thats my story, and I'm sticking to it.
  • j
    jeebenjee
    Happy New Year to all!
    When I look at Bunge chart I see inflation coming in force.
    Idem for silver and oil.