Cargill sells last cattle feedlots, exiting that portion of the beef industry

Brunilde Fioravanti
Aprile 27, 2017

The rating was maintained by Panmure Gordon on Wednesday, November 25 with "Buy". The stock has "Sector Perform" rating by Iberia Capital Partners on Friday, May 27. Panmure Gordon maintained it with "Buy" rating and GBX 90 target in Thursday, January 5 report. The stock has "Buy" rating by Panmure Gordon on Tuesday, May 24. Canaccord Genuity maintained the stock with "Buy" rating in Monday, February 20 report.

The Omaha-based company, the country's second-largest ethanol producer, said it has agreed to pay $36.7 million for the feedlots in Leoti, Kansas, and Yuma, Colorado. GPRE's profit would be $4.00 million giving it 59.38 P/E if the $0.10 EPS is correct. Green Plains now has a consensus rating of "Buy" and a consensus target price of $30.17. The company's shares were given away at $25 per share worth to an income of some $92,325 on account of Bleyl Carl S.

Stock market analysts and brokers have recently amended their target prices on shares of Green Plains Renewable Energy, Inc. It has underperformed by 9.09% the S&P500. Zacks Investment Research downgraded shares of Green Plains from a "hold" rating to a "sell" rating in a report on Friday, February 10th. Therefore 91% are positive. Finally, BMO Capital Markets started coverage on shares of Green Plains in a research report on Wednesday. The rating was initiated by Robert W. Baird with "Outperform" on Tuesday, July 21. BB&T Capital has "Buy" rating and $27 target. The company was upgraded on Thursday, August 13 by Goldman Sachs. Credit Suisse maintained Green Plains Inc (NASDAQ:GPRE) on Wednesday, November 18 with "Outperform" rating. The company was initiated on Tuesday, July 21 by Stifel Nicolaus. Moreover, Tourbillon Capital Partners L.P. has 1.96% invested in the company for 3.65 million shares. The rating was initiated by Barclays Capital on Tuesday, July 21 with "Overweight".

Investors sentiment increased to 1.55 in Q4 2016. Its up 0.12, from 1.43 in 2016Q3. Stephens initiated Green Plains Inc (NASDAQ:GPRE) rating on Tuesday, July 21. 39 funds opened positions while 57 raised stakes. Donald Smith And holds 859,599 shares. Credit Suisse initiated Green Plains Inc (NASDAQ:GPRE) rating on Tuesday, July 21. 214,836 are owned by Wells Fargo And Mn. After $0.47 actual EPS reported by Green Plains Inc for the previous quarter, Wall Street now forecasts -78.72% negative EPS growth. Principal Financial Grp reported 287,372 shares stake. Federated Invsts Incorporated Pa, Pennsylvania-based fund reported 1,837 shares. Intl Group, a New York-based fund reported 64,771 shares. Granite Invest holds 367,977 shares or 0.75% of its portfolio. Swiss Natl Bank reported 60,000 shares. (NASDAQ:GPRE), with 3 analysts believing it is a strong buy. 371,863 shares of the stock traded hands. Following the sale, the director now directly owns 100,755 shares in the company, valued at approximately $2,550,109.05.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Wednesday, February 8th. 607198 shares were traded on Green Plains Renewable Energy, Inc.'s last session. Green Plains had a return on equity of 1.12% and a net margin of 0.31%. Following the completion of the transaction, the director now owns 68,255 shares of the company's stock, valued at $1,505,705.30. CROWLEY JAMES F sold $99,975 worth of Green Plains Inc (NASDAQ:GPRE) on Wednesday, December 14. The Weaver C Barksdale & Associates Inc holds 1,537 shares with $113,000 value, down from 10,124 last quarter. The company is the second largest consolidated owner of ethanol production facilities in the world with 17 dry mill plants, producing almost 1.5 billion gallons of ethanol at full capacity. The company has market cap of $950.67 million. The Company owns and operates assets throughout the ethanol value chain, including upstream, with grain handling and storage through its ethanol production facilities, and downstream, with marketing and distribution services. It operates through four segments: Ethanol Production, Agribusiness and Energy Services, Food and Food Ingredients, and Partnership.

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