Pictet Asset Management Holding SA Has $11.26 Million Position in Archer-Daniels-Midland Company (NYSE:ADM)

Pictet Asset Management Holding SA increased its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,932 shares of the company’s stock after acquiring an additional 5,399 shares during the period. Pictet Asset Management Holding SA’s holdings in Archer-Daniels-Midland were worth $11,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its stake in Archer-Daniels-Midland by 18.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 848,364 shares of the company’s stock valued at $42,859,000 after acquiring an additional 129,525 shares during the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Archer-Daniels-Midland during the 4th quarter valued at $2,237,000. Norges Bank bought a new stake in Archer-Daniels-Midland in the fourth quarter worth $333,521,000. Caisse Des Depots ET Consignations acquired a new position in Archer-Daniels-Midland during the fourth quarter worth $1,278,000. Finally, NEOS Investment Management LLC raised its holdings in Archer-Daniels-Midland by 31.2% during the fourth quarter. NEOS Investment Management LLC now owns 31,380 shares of the company’s stock valued at $1,585,000 after buying an additional 7,465 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ADM. BMO Capital Markets lowered their price objective on 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. Morgan Stanley dropped their price target on shares of Archer-Daniels-Midland from $52.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 11th. Stephens decreased their price objective on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a report on Tuesday, February 4th. Citigroup lifted their target price on shares of Archer-Daniels-Midland from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, December 4th. Finally, Bank of America decreased 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. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.63.

Archer-Daniels-Midland Stock Performance

NYSE:ADM opened at $47.97 on Thursday. The firm’s 50-day moving average is $47.72 and its 200-day moving average is $51.94. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.39. Archer-Daniels-Midland Company has a 52-week low of $44.92 and a 52-week high of $66.08.

Archer-Daniels-Midland (NYSE:ADM) last posted 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 return on equity of 10.44% and a net margin of 2.10%. The firm had revenue of $21.50 billion during the quarter, compared to analysts’ expectations of $22.77 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Tuesday, February 18th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.50. Archer-Daniels-Midland’s payout ratio is 56.51%.

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

Archer-Daniels-Midland 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.