FMC Co. (NYSE:FMC) EVP Ronaldo Pereira Purchases 2,000 Shares of Stock

FMC Co. (NYSE:FMC) EVP Ronaldo Pereira acquired 2,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average cost of $75.59 per share, for a total transaction of $151,180.00. Following the completion of the acquisition, the executive vice president now owns 21,478 shares of the company’s stock, valued at $1,623,522.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

FMC Stock Performance

NYSE:FMC opened at $75.65 on Friday. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.57 and a beta of 0.82. The business has a 50 day moving average of $88.74 and a 200 day moving average of $105.40. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.44 and a quick ratio of 0.96. FMC Co. has a 1-year low of $73.00 and a 1-year high of $134.38.

FMC (NYSE:FMC) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.02 billion. FMC had a return on equity of 21.97% and a net margin of 11.60%. The company’s revenue was down 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 earnings per share. On average, sell-side analysts predict that FMC Co. will post 6 earnings per share for the current fiscal year.

FMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be issued a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, September 28th. FMC’s dividend payout ratio is presently 47.25%.

Wall Street Analysts Forecast Growth

FMC has been the topic of several research reports. Credit Suisse Group raised shares of FMC from an “underperform” rating to a “neutral” rating and set a $101.00 price target on the stock in a research report on Friday, August 4th. Wells Fargo & Company downgraded FMC from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $142.00 to $102.00 in a research report on Monday, July 24th. KeyCorp decreased their price objective on FMC from $128.00 to $117.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. UBS Group lowered FMC from a “buy” rating to a “neutral” rating and reduced their target price for the company from $120.00 to $97.00 in a report on Tuesday, September 5th. Finally, TheStreet downgraded shares of FMC from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Hedge Funds Weigh In On FMC

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of FMC by 93,630.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 56,855,020 shares of the basic materials company’s stock valued at $5,932,253,000 after acquiring an additional 56,794,362 shares during the period. Norges Bank purchased a new stake in FMC in the 4th quarter worth approximately $215,051,000. Morgan Stanley grew its position in shares of FMC by 80.7% in the 4th quarter. Morgan Stanley now owns 2,557,733 shares of the basic materials company’s stock worth $319,205,000 after buying an additional 1,142,531 shares during the last quarter. Jackson Square Partners LLC increased its stake in shares of FMC by 64.9% during the first quarter. Jackson Square Partners LLC now owns 1,519,835 shares of the basic materials company’s stock valued at $185,617,000 after buying an additional 598,348 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of FMC by 93.7% during the second quarter. JPMorgan Chase & Co. now owns 1,078,180 shares of the basic materials company’s stock valued at $112,497,000 after acquiring an additional 521,454 shares in the last quarter. 86.91% of the stock is currently owned by institutional investors.

About FMC

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control.