10,000+ Employees Based in White Plains, New York Most Recent Annual Report MOST RECENT 2021 Annual Report and Form 10K View PDF View Form 10K (HTML) Bunge Limited does not currently have any hardcopy reports on AnnualReports.com. Through their three businessesagribusiness, fertilizer, and food productsthey have established a leading global presence in the farm-to-consumer food chain. The new company received the name Diester Industrie International. [22] According to the countrys revenue and customs service, the outstanding taxes amounted to almost USD 1 billion. BUNGE LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Brse Stuttgart: BU3 | Brse . Disclaimer. The settlement also called for Bunge to pay a cash penalty of $625,000 and to spend $1.25 million to fund community-based environmental projects selected by and to be supervised by the impacted states. [19] The state of Kansas will receive $22,000 of the $625,000 civil penalty, this being issued by the Kansas Department of Health and Environment.[20]. Bunge Certified as a Most Loved Workplace for 2022. Shareholders Outside the U.S. 201-680-6578 TDD for Hearing-Impaired U.S. /PRNewswire/ -- Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Thursday, May 25, 2017, at 10:00 a.m. at the Sofitel Hotel, 45. Bunge Limited's 2013 Annual General Meeting of Shareholders will be held on May 24, 2013 at 10:00 a.m., Eastern time, at the Sofitel Hotel, 45 West 44th Street, in New York City. A noteworthy case of transfer mispricing came to light in 2011 in Argentina involving the worlds four largest grain traders: ADM, Bunge, Cargill and Louis Dreyfus Company. The company also declared a quarterly cash dividend of $1.21875 per share on its 4.875% cumulative convertible perpetual preference shares, payable on March 1, 2019 to shareholders of record on February 15, 2019. All rights reserved. Institutions often own shares in more established companies, while it's not unusual to see insiders own a. The total capacity of the plants will reach 430 thousand tons biodiesel per year. The consensus EPS Estimate is $2.55 (-31.5% Y/Y) and the consensus Revenue Estimate is $15.73B (+11.4% Y/Y). The meeting will be "virtual . While the investor proposal is welcome, urgent action is needed to tackle deforestation and human rights abuses, according to campaigners. This replaced the older structure in which individual shareholders had stakes in all the different Bunge companies. This majority interest is a greater percentage than is typical for companies in the Agricultural Commodities/Milling industry and highlights that the smart money sees this stock as an important holding. NEWS. All rights reserved. About Bunge Limited Bunge remained a privately held company of 180 shareholders (including the longtime controlling family interests) and divested itself in 1998 of almost all its retail foods interests in favor of a greater role in international agribusiness and commodity markets; by then the company's gross annual turnover had reached US$13 billion. [16] The completion of the sale is subject to regulatory approval and is expected to close in Q4 2020 or Q1 2021. [17], In 2006, the United States Environmental Protection Agency filed charges against Bunge company regarding pollution emissions. Public pension funds did not fall far behind in voting for these proposals. How much institutional selling is happening at Bunge? For example, Bunge Limited(NYSE:BG) shareholders have seen the share price rise 78% over three years, well in excess of the market return (24%, not including dividends). As the world's leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they're grown to where they're consumed. Institutional investors purchased a net $1.5 million shares of BG during the quarter ended June 2019 and now own 86.56% of the total shares outstanding. [18] This involved twelve soybean processing plants and corn mills in eight states throughout the US. We note that hedge funds don't have a meaningful investment in Bunge. As the world's leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to improve the productivity and environmental efficiency of agriculture across our value chains and to bring quality products from where they're grown to where they're consumed. Factset: FactSet Research Systems Inc.2019. [10] In 2012, survivors were requesting Bunge follows the example of the company Razen, which agreed to stop the sourcing of sugarcane from the area. . Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Wednesday, May 5, 2021 at 11:00 a.m. Central Time. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Most stock quote data provided by BATS. 2022 Cable News Network. 333-65026) filed July 13, 2001) o 5.1 : Opinion of Conyers Dill & Pearman: o 12.1 : A Warner Bros. Bought 164.3 Thousand shares of Bunge Ltd. NEWS. ST. LOUIS, Mo., April 22, 2022--Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Thursday, May 12, 2022 at 11:00 a.m. Central Time. /PRNewswire/ -- Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Wednesday, May 20, 2015, at 10:00 a.m. at the Sofitel Hotel,. Bunge Limited shareholders (or potential shareholders) will be happy to see that the CEO & Director, Gregory Heckman, recently bought a whopping US$4.8m worth of stock, at a price of US$39.85 . [24] In its 2018 annual report to the US Securities and Exchange Commission (SEC), Bunge mentioned provisions which suggest that the case is still ongoing: [A]s of December 31, 2018, Bunges Argentine subsidiary had received income tax assessments relating to 2006 through 2009 of approximately 1,276 million Argentine pesos (approximately $34 million), plus applicable interest on the outstanding amount of approximately 4,246 million Argentine pesos (approximately $113 million]).[25], United States Environmental Protection Agency, Companies listed on the New York Stock Exchange (B), "Bunge Limited, a company incorporated under the laws of Bermuda ( for Bunge (BG)", "Agribusiness - Food Production Company - Bunge", "Bunge Limited to Acquire Ft. Wayne's Central Soya", "Bunge acquires controlling stake of German oil supplier Walter Rau", "Bunge to buy 70 percent stake in IOI Corp unit for $946 million", "US food giant accused over biofuel 'tainted with Indian blood', "Deadly Ethanol: Brazil's Sugarcane Farms Take Toll On Indigenous People", "Shell scraps controversial biofuels plan after Brazilian Indian protest", "ADM Has Made Takeover Approach to Bunge Ltd", "Bunge hires JPMorgan and Shearman & Sterling in Glencore defence", "Deals of the day-Mergers and acquisitions", "Bunge Global Headquarters to Move to St. Louis | Bunge", "Bunge agrees to sell 35 U.S. grain elevators | Bunge", "10/26/2006: $13.9 Million Clean Air Act Settlement with Multinational Soybean and Corn Processor Secures Major Pollution Reductions in Eight States - Settlement Expected to Eliminate More than 2,200 Tons of Harmful Emissions Annually", "Bunge Global Operations President to retire | World Grain", "Argentina accuses world's largest grain traders of huge tax evasion", "Grain Exporters Owe Argentina 951 Million in Taxes", "Agricultural Commodity Traders in Switzerland", "Bunge Ltd (BG) 10K Annual Reports & 10Q SEC Filings", https://en.wikipedia.org/w/index.php?title=Bunge_Limited&oldid=1115754015. Bunge was required to implement engineering changes and pollution control projects, estimated to cost $12 million, to reduce emissions at the facilities by 2,200 tons a year. In 1994, the Bermuda-registered Bunge International was created as the main company in which the families had shares. Central) on Wednesday, October 26, 2022 to discuss the company’s results. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. [citation needed], In 2001, under the leadership of Alberto Weisser,[4] Bunge was listed on the New York Stock Exchange. On March 31, 2022, Bunge Limited announced that it has received a shareholder proposal from John Chevedden, asking the Company to take the necessary steps to permit written consent by the shareholders. WASHINGTON, DC - Shareholders in agribusiness company Bunge Limited voted today for the company to evaluate and disclose its efforts to eliminate deforestation from its operations. shareholders in their support on three ballot items, which are shown in Exhibit 5 . [5] In 2008, Bunge acquired Walter Rau, a margarine company, from Germany. Over the last 2 years, BG has beaten EPS estimates 88% of the time and has beaten revenue estimates 88% of the time. The meeting will b Net income (loss) available to Bunge common shareholders $ 380 $ 645 $ 1,274 $ 1,822. It has been reported by the tribe that crop production has brought pesticides and machinery that has damaged their health, as well as restricting them to a small area that has prevented them from hunting and practicing their traditions. Argentinas revenue and customs service began an investigation into the four companies when prices for agricultural commodities spiked in 2008 and yet very little profit for the four companies had been reported to the office. Bunge Limited is an American agribusiness and food company, incorporated in Bermuda,[1] and headquartered in St. Louis, Missouri, United States. Bunge remained a privately held company of 180 shareholders (including the longtime controlling family interests) and divested itself in 1998 of almost all its retail foods interests in favor of a greater role in international agribusiness and commodity markets; by then the company's gross annual turnover had reached US$13 billion. You can change your choices at any time by visiting your privacy controls. Bunge (NYSE: BG) is owned by 83.90% institutional shareholders, 8.04% Bunge insiders, and 8.06% retail investors. [23] The companies involved have denied the allegations. Our Company is headquartered in St. Louis, Missouri, and we have more than 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries. At that point, Bunge had a market value of about $9.8 billion, and was still being pursued by Glencore. The company's quarterly Shareholders Equity is the company's net worth in the current quarter. As a result of the investigation, it was alleged that the companies had submitted false declarations of sales and routed profits through tax havens or through their headquarters. CNN Sans & 2016 Cable News Network. Click Manage settings for more information and to manage your choices. In April 2020, Bunge announced it agreed to sell 35 U.S interior grain elevators to Zen-Noh Corporation. All times are ET. Announce Partnership to Meet Growing Demand for Renewable Fuel Feedstocks. Bunge Limited is an agricultural business and food company. Bunge and CoverCress Inc. [3] Bunge ultimately went public on the New York Stock Exchange in 2001, becoming Bunge Limited. In November 2005, Bunge created a Europe production joint venture biodiesel with French company KBBV and Diester Industrie. A look at the shareholders of Bunge Limited (NYSE:BG) can tell us which group is most powerful. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Institutions often own shares in more established companies, while it's not unusual to see. Copyright 2022 Surperformance. The meeting will be "virtual-only" and will be conducted exclusively online via live audio webcast that can be accessed at www.virtualshareholdermeeting.com/BG2022. Find out the direct holders, institutional holders and mutual fund holders for Bunge Limited (BG). In 2021, Bunge was ranked 18th on FoodTalks' Global Top 40 Plant Protein Producers list. The big shareholder groups in Bunge Limited ( NYSE:BG) have power over the company. Bunge Limited’s management will host a conference call at 8:00a.m. At the Annual General Meeting, we will discuss and you will vote . This decision comes after Bunge initially planned to issue a letter of opposition. Aug 18, 2022. Bunge Limited has a 12-month low of $80.41 and a 12-month high of $128.40. Sep 28, 2022. Edouard's brother; Ernest Bunge, took the Bunge name to Argentina in 1884, and in 1905 the business extended to Brazil and later on to the United States. Delayed Nyse Bunge was founded in 1818 by Johann Peter Gottlieb Bunge in Amsterdam, it was relocated to Antwerp by Edouard Bunge in 1859. Bunge's latest twelve months shareholder yield is 4.2%. The meeting will be "virtual-only" and will be conducted exclusively online via live audio webcast that can be accessed at www.virtualshareholdermeeting.com/BG2022. [12], In 2019, Bunge relocated its global headquarters from White Plains, New York, to the St Louis metropolitan area in 2020, where the company had its US headquarters.[15]. The company has approximately 32,000 employees in 40 countries.[2]. Shareholders of . All rights reserved. [11], In May 2017, Glencore in Switzerland began pursuing the acquisition of Bunge. The dividend is payable on March 4, 2019 to shareholders of record on February 19, 2019. Looking at our data, we can see that the largest shareholder is Capital Research and Management Company with 12% of shares. Click the button below to request a report when hardcopies become available. Bunge Limited May 09, 2019, 16:05 ET WHITE PLAINS, N.Y., May 9, 2019 /PRNewswire/ -- Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Thursday, May 23,. BUNGE LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Other OTC: BGEPF | Other OTC Unlocking value in an ever-changing world. OF OPERATIONS (form 10-Q). Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Thursday, May 12, 2022 at 11:00 a.m. Central Time. Shareholder 800-231-5469 TDD for . A look at the shareholders of Bunge Limited ( NYSE:BG) can tell us which group is most powerful. Investor Contact Ruth Ann Wisener | ruthann.wisener@bunge.com | 636-292-3014. This page (NYSE:BG) was last updated on 10/19/2022 by MarketBeat.com Staff. Apr 26, 2022. [14] On January 19, 2018, it was reported that Archer Daniels Midland had approached Bunge Ltd. about a takeover, with details "unclear." -- (BUSINESS WIRE)--Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Thursday, May 12, 2022 at 11:00 a.m. Central Time. Registration Rights Agreement dated as of June 25, 2001 between Bunge Limited and the shareholders of Bunge International Limited (incorporated by reference from the Registrant's Form F-1 (No. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. There were around 180 shareholdersthe main families were Hirsch, Bunge, Born, Engels, and De La Tour. [12] In early June 2017, Bunge hired advisers to help it fend off Glencore's takeover interest. Institutional investors have sold a total of 39,529,773 shares in the last 24 months. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. All Rights Reserved. | July 14, 2022 At the same time, we collaborate with our customers to create and reimagine the future of food, developing tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Now only in Argentina does the Bunge y Born name still exist. As well as being an international soybean exporter, it is also involved in food processing, grain trading, and fertilizer. The average salary for Shareholder Relations Director at companies like BUNGE LTD in the United States is $213,500 as of July 26, 2022, but the range typically falls between $183,800 and $246,700. Generally speaking, as a company grows, institutions will increase their ownership. At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. Bunge (NYSE:BG) is scheduled to announce Q3 earnings results on Wednesday, October 26th, before market open. [citation needed] Also, in January 2003, opposition from the tribe had led to the killing of their chief Marcus Vernon by ranchers. To date, the Argentinian tax authorities have not replied to the Swiss NGO Public Eyes request regarding the current state of the case. Bunge Limited 50 Main Street White Plains, New York 10606 . Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you . Boston, May 4, 2021 - In a rare move, Bunge Limited, a Fortune 500 food production company, is recommending that its shareholders vote in favor of a Green Century shareholder proposal at its annual meeting Wednesday. It competes with Cargill and Archer Daniels Midland. LOUIS, Mo. [13] In January 2017, Archer Daniels Midland agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million. [3] In an unprecedented vote, 98% of shareholders of commodities-trading giant Bunge Limited have voted in favor of a proposal made by activist investment funds to strengthen the company's non . This volume of shares sold represents approximately $3.19B in transactions. -, Brazil moves closer to China corn exports as Beijing approves traders, BUNGELTD MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to put quality food on the table, increase sustainability where we operate, strengthen global food security, and help communities prosper. Shareholders' equity represents the company's value after liabilities are subtracted from total. The joint venture will produce biodiesel in Germany, Austria and Italy. St. Louis, MO - April 22, 2022 - Bunge Limited (NYSE: BG) will hold its Annual General Meeting of Shareholders on Thursday, May 12, 2022 at 11:00 a.m. Central Time. Bunge is the world's largest oilseed processor, the world's number one seller of bottled vegetable oil to consumers and the largest producer and supplier of fertilizers to farmers in South America. The shareholder vote follows a growing chorus of concern from investors and environmental activists about deforestation, forest fires, and human rights abuses in the company's soy and palm oil supply chains. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Media Contacts: Josh Chetwynd, jchetwynd@greencentury.com, 303-573-5558; Annalisa Tarizzo, atarizzo@greencentury.com, 617-482-0800 Boston, May 7, 2021 - At Bunge Limited's annual meeting, an unprecedented 98% of shareholders voted Wednesday in favor of a proposal to strengthen the company's no-deforestation policy. BUNGE LIMITED : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | London Stock Exchange: 0U6R . Paul J. Fribourg's Bunge shares are currently valued at $497.15M. Investor Contact Ruth Ann Wisener | ruthann.wisener@bunge.com | 636-292-3014 Eastern (7:00a.m. originating oilseeds and grains from the world's primary growing regions and transporting them to customers worldwide; crushing oilseeds to make meal for the livestock industry and oil for the food processing, food service and biofuel industries; producing bottled oils, mayonnaise, margarines and other food products for consumers; crushing sugarcane to make sugar, ethanol and electricity; milling wheat and corn for food processors, bakeries, brewers and other commercial customers; and, Aaron Buettner, President, Bunge Loders Croklaan, Brian Zachman, President, Global Risk Management, Christos Dimopoulos, President, Global Supply Chains, Raul Padilla, President, Global Agri Operations, (Retiring effective December 31, 2021), Deborah Borg, EVP & Chief HR and Communications Officer, Pierre Mauger, Chief Transformation Officer, Robert Coviello, SVP Sustainably & Government Affairs, This page was last edited on 13 October 2022, at 01:20. In each of these cases, general shareholder support was greater than 90% and nearly unan imous in the case of Bunge's 99% and General Electric's 98% rates. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. Discovery Company. The report does not include fixed income, real estate, or cash. [citation needed], In 2002, Bunge acquired Cereol, parent of oilseed companies Central Soya and CanAmera Foods. Shareholders Competitors Insider trading | Institutional ownership Institutional investors purchased a net $527.3 thousand shares of BG during the quarter ended June 2019 and now own 85.91% of. Corporate Office Bunge Limited 50 Main Street White Plains, NY 10606 USA 914-684-2800 Contact Information Corporate and Investor Relations 914-684-3476 . ANNUAL GENERAL MEETING OF SHAREHOLDERS . The lawsuit claimed Bunge violated the Clean Air Act by constructing major modifications that increased emissions. The Agribusiness segment is an integrated, global business principally involved in the purchase, storage, transportation, processing and sale of agricultural . Tranche Update on Bunge Limited (NYSE:BG)'s Equity Buyback Plan announced on October 27, 2021. The company has a current ratio of 1.63, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. . ST. LOUIS--(BUSINESS WIRE)-- Bunge Limited (NYSE:BG) today reported third quarter 2022 results Q3 GAAP EPS of $2.49 vs. $4.28 in the prior. WASHINGTON, D.C. - Top institutional shareholders in Bunge Limited last week threw their weight behind a call for the company to do more to protect forests in the Brazilian Cerrado - a vast biodiverse savannah and a vital carbon sink. [7] In 2017, Bunge announced intentions to acquire a 70% stake in IOI Loders Croklaan for $946 million from Malaysian palm oil producer IOI Corp Berhad. We, Yahoo, are part of the Yahoo family of brands. [8], In 2012, Bunge came under criticism from NGO Survival International[9] for sourcing its sugarcane from the ancestral land of the Guaran people in Brazil. Bunge Limited Schedules Third Quarter 2022 Earnings Release and Conference Call. The company was converted into the Bermuda-registered Bunge International in 1994, retaining the Bunge y Born name only in Argentina. In some cases, they were said to have used phantom firms to buy grain and had inflated costs in Argentina in order to reduce the recorded profits earned in the country. The report is limited to equity securities, including common and equivalents, convertible preferred and convertible bonds. On the other hand,. Chief Financial Officer & Executive Vice President, President-Agribusiness Development & Operations, Secretary, Vice President & Deputy General Counsel, Senior Vice President-Bunge Loders Croklaan, Capital Research & Management Co. (World Investors), T. Rowe Price Associates, Inc. (Investment Management), Capital Research & Management Co. (Global Investors). As part of the Com Bunge Limited to Hold Virtual-Only. Land and environmental defenders Brazil Top institutional shareholders in Bunge Limited yesterday threw their weight behind a call for the company to do more to protect forests in the Brazilian Cerrado - a vast biodiverse savannah and a vital carbon sink. Find out more about how we use your information in our privacy policy and cookie policy. Add back convertible preference share dividends 8 25 . The Company operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. Request Information View our Board of Directors and governance documents. [6] In 2009, Bunge acquired the margarine business from Raisio Group, maker of functional food ingredients. View Bunge Limited's Shareholder Yield trends, charts, and more. Paul J. Fribourg is the largest individual Bunge shareholder, owning 5.08M shares representing 3.39% of the company.
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