Pictet Asset Management Holding SA Purchases 5,399 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Pictet Asset Management Holding SA boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing 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 have also modified their holdings of ADM. Townsquare Capital LLC increased its holdings in Archer-Daniels-Midland by 24.4% during the 3rd quarter. Townsquare Capital LLC now owns 10,212 shares of the company's stock valued at $610,000 after purchasing an additional 2,005 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Archer-Daniels-Midland by 4.4% in 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 raised its position in Archer-Daniels-Midland by 33.6% in the 3rd 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 last quarter. Investment Management Corp of Ontario lifted its stake in shares of Archer-Daniels-Midland by 48.8% during the third quarter. Investment Management Corp of Ontario now owns 16,457 shares of the company's stock valued at $983,000 after acquiring an additional 5,400 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in Archer-Daniels-Midland by 249.0% in the third quarter. Integrated Wealth Concepts LLC now owns 70,845 shares of the company's stock valued at $4,232,000 after acquiring an additional 50,544 shares during the last quarter. 78.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADM shares. BMO Capital Markets cut 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 research report on Wednesday, February 5th. Barclays cut their price objective on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a report on Monday, February 24th. Morgan Stanley decreased their price objective on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a research note 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. Finally, Bank of America cut their target price on shares of Archer-Daniels-Midland from $54.00 to $48.00 and set an "underperform" rating on the stock in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $53.63.

Archer-Daniels-Midland Stock Down 0.7 %

Shares of NYSE:ADM traded down $0.31 during midday trading on Monday, reaching $43.01. 6,206,590 shares of the company were exchanged, compared to its average volume of 3,620,989. The stock has a fifty day simple moving average of $47.33 and a two-hundred day simple moving average of $51.54. Archer-Daniels-Midland Company has a fifty-two week low of $42.35 and a fifty-two week high of $66.08. The firm has a market cap of $20.63 billion, a PE ratio of 11.91, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $22.77 billion. During the same quarter in the prior year, the firm posted $1.36 EPS. The business's revenue was down 6.4% on a year-over-year basis. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.74%. This is an increase 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 dividend payout ratio is currently 56.51%.

Archer-Daniels-Midland declared that its board has authorized a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase 100,000,000 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.