Pictet Asset Management Holding SA Acquires 247,362 Shares of Archer Daniels Midland Company $ADM

Pictet Asset Management Holding SA boosted its holdings in Archer Daniels Midland Company (NYSE:ADM) by 113.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 465,089 shares of the company’s stock after purchasing an additional 247,362 shares during the quarter. Pictet Asset Management Holding SA owned about 0.10% of Archer Daniels Midland worth $36,919,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ADM. Alps Advisors Inc. boosted its stake in Archer Daniels Midland by 5.5% during the third quarter. Alps Advisors Inc. now owns 11,340 shares of the company’s stock worth $900,000 after acquiring an additional 595 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Archer Daniels Midland in the third quarter valued at $496,000. Calamos Advisors LLC increased its stake in Archer Daniels Midland by 2.1% in the third quarter. Calamos Advisors LLC now owns 145,188 shares of the company’s stock valued at $11,525,000 after purchasing an additional 2,937 shares in the last quarter. Alta Advisers Ltd acquired a new position in shares of Archer Daniels Midland during the third quarter valued at about $278,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Archer Daniels Midland by 32.9% during the third quarter. Kestra Advisory Services LLC now owns 28,234 shares of the company’s stock valued at $2,241,000 after purchasing an additional 6,992 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Insider Transactions at Archer Daniels Midland

In related news, Director R II acquired 2,800 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was purchased at an average cost of $70.27 per share, with a total value of $196,756.00. Following the acquisition, the director owned 2,800 shares of the company’s stock, valued at approximately $196,756. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

Archer Daniels Midland Stock Performance

ADM opened at $69.25 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $80.62 and its two-hundred day moving average price is $76.57. Archer Daniels Midland Company has a 1-year low of $56.02 and a 1-year high of $88.75. The company has a market cap of $32.96 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.04 and a beta of 0.63.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. The firm had revenue of $22.34 billion during the quarter, compared to analysts’ expectations of $23.27 billion. Archer Daniels Midland had a net margin of 2.95% and a return on equity of 10.84%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. On average, analysts expect that Archer Daniels Midland Company will post 5.69 EPS for the current fiscal year.

Archer Daniels Midland Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. Archer Daniels Midland’s payout ratio is 40.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings lowered Archer Daniels Midland from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. JPMorgan Chase & Co. raised Archer Daniels Midland from an “underweight” rating to a “neutral” rating and set a $75.00 target price for the company in a research report on Wednesday, November 4th. Morgan Stanley raised Archer Daniels Midland from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $60.00 to $79.00 in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group increased their price target on Archer Daniels Midland from $88.00 to $89.00 in a report on Monday, October 19th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Archer Daniels Midland has an average rating of “Hold” and a consensus target price of $80.25.

Archer Daniels Midland Profile

Archer Daniels Midland Company (NYSE: ADM) is a global agricultural supply chain and food ingredient company. It sources, transports, stores and processes crops, connecting farmers with food, feed, fuel and industrial markets. ADM processes commodities such as corn, oilseeds and wheat into products including vegetable oils, protein meals, flour, starches, sweeteners and other food ingredients. Its businesses also supply ingredients and solutions for human and animal nutrition, as well as products used in biofuels and other industrial applications.