Laird Norton Wetherby Wealth Management LLC Has $444,000 Position in Bunge Global SA (NYSE:BG)

Laird Norton Wetherby Wealth Management LLC trimmed its stake in shares of Bunge Global SA (NYSE:BG - Free Report) by 36.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,712 shares of the basic materials company's stock after selling 3,332 shares during the period. Laird Norton Wetherby Wealth Management LLC's holdings in Bunge Global were worth $444,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Spire Wealth Management bought a new position in shares of Bunge Global in the 4th quarter valued at about $26,000. Crews Bank & Trust acquired a new position in Bunge Global in the fourth quarter valued at approximately $39,000. R Squared Ltd bought a new position in Bunge Global in the fourth quarter valued at approximately $45,000. Financial Perspectives Inc boosted its stake in Bunge Global by 585.0% in the fourth quarter. Financial Perspectives Inc now owns 685 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 585 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Bunge Global by 32.3% during the 4th quarter. Allworth Financial LP now owns 794 shares of the basic materials company's stock worth $62,000 after acquiring an additional 194 shares during the period. 86.23% of the stock is owned by institutional investors.

Bunge Global Trading Down 1.5%

Shares of Bunge Global stock traded down $1.22 during trading hours on Monday, hitting $80.32. The company's stock had a trading volume of 1,659,390 shares, compared to its average volume of 1,610,820. The company has a market capitalization of $10.80 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.68. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.15 and a quick ratio of 1.27. The stock has a 50 day moving average of $76.73 and a 200 day moving average of $78.56. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $114.92.

Bunge Global (NYSE:BG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.54. Bunge Global had a return on equity of 11.73% and a net margin of 2.14%. The business had revenue of $11.64 billion during the quarter, compared to analysts' expectations of $13.18 billion. During the same period in the prior year, the business earned $3.04 EPS. Bunge Global's revenue for the quarter was down 13.2% compared to the same quarter last year. Analysts predict that Bunge Global SA will post 7.94 earnings per share for the current year.

Bunge Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 17th will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.80 annualized dividend and a yield of 3.49%. Bunge Global's dividend payout ratio is currently 34.52%.

Analyst Ratings Changes

BG has been the topic of a number of analyst reports. Citigroup increased their price target on Bunge Global from $76.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 15th. Barclays reduced their target price on Bunge Global from $95.00 to $85.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Morgan Stanley decreased their target price on Bunge Global from $90.00 to $74.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 11th. Bank of America cut their price target on shares of Bunge Global from $105.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Finally, Stephens decreased their price objective on shares of Bunge Global from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $81.60.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.