Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,932 shares of the company’s stock after acquiring an additional 5,399 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Archer-Daniels-Midland were worth $11,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Townsquare Capital LLC boosted its position in Archer-Daniels-Midland by 24.4% during the 3rd quarter. Townsquare Capital LLC now owns 10,212 shares of the company’s stock worth $610,000 after acquiring an additional 2,005 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Archer-Daniels-Midland by 4.4% during the third quarter. Public Sector Pension Investment Board now owns 18,804 shares of the company’s stock valued at $1,123,000 after purchasing an additional 800 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Archer-Daniels-Midland by 33.6% in the third quarter. Janus Henderson Group PLC now owns 185,101 shares of the company’s stock worth $11,048,000 after purchasing an additional 46,511 shares during the period. Investment Management Corp of Ontario increased its stake in Archer-Daniels-Midland by 48.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 16,457 shares of the company’s stock valued at $983,000 after buying an additional 5,400 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of Archer-Daniels-Midland by 249.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 70,845 shares of the company’s stock worth $4,232,000 after buying an additional 50,544 shares in the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Archer-Daniels-Midland Price Performance

ADM stock opened at $47.97 on Thursday. Archer-Daniels-Midland Company has a one year low of $44.92 and a one year high of $66.08. The firm has a 50-day moving average of $47.72 and a two-hundred day moving average of $51.94. The firm has a market capitalization of $23.01 billion, a PE ratio of 13.29, a P/E/G ratio of 1.54 and a beta of 0.67. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.07 by $0.07. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts forecast that Archer-Daniels-Midland Company will post 4.31 earnings per share for the current year.

Archer-Daniels-Midland Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.25%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, February 18th. Archer-Daniels-Midland’s payout ratio is presently 56.51%.

Archer-Daniels-Midland declared that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that allows the company to repurchase 100,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADM. Stephens lowered their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Morgan Stanley dropped their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Barclays lowered their target price on Archer-Daniels-Midland from $50.00 to $48.00 and set an “underweight” rating on the stock in a report on Monday, February 24th. Bank of America cut their price target on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, February 11th. Finally, BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.63.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.