FMC Co. (NYSE:FMC) Shares Sold by Mendel Money Management

Mendel Money Management lessened its holdings in shares of FMC Co. (NYSE:FMC) by 18.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,248 shares of the basic materials company’s stock after selling 7,026 shares during the quarter. Mendel Money Management’s holdings in FMC were worth $1,470,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Inspire Trust Co. N.A. lifted its position in FMC by 18.7% during the third quarter. Inspire Trust Co. N.A. now owns 60,200 shares of the basic materials company’s stock worth $3,970,000 after buying an additional 9,500 shares during the period. Reinhart Partners LLC. increased its stake in shares of FMC by 20.9% during the 4th quarter. Reinhart Partners LLC. now owns 227,328 shares of the basic materials company’s stock valued at $11,050,000 after acquiring an additional 39,230 shares during the last quarter. First National Bank of Omaha lifted its holdings in shares of FMC by 85.7% during the 3rd quarter. First National Bank of Omaha now owns 33,935 shares of the basic materials company’s stock worth $2,238,000 after acquiring an additional 15,662 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of FMC by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,164,403 shares of the basic materials company’s stock worth $56,602,000 after acquiring an additional 28,059 shares during the last quarter. Finally, Algert Global LLC grew its holdings in FMC by 118.4% in the third quarter. Algert Global LLC now owns 58,752 shares of the basic materials company’s stock valued at $3,874,000 after purchasing an additional 31,850 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

FMC Stock Performance

Shares of FMC opened at $41.13 on Wednesday. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.90 and a beta of 0.93. The company has a quick ratio of 1.24, a current ratio of 1.64 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $43.67 and its two-hundred day moving average is $53.15. FMC Co. has a 52-week low of $33.80 and a 52-week high of $68.72.

FMC (NYSE:FMC) last posted its quarterly earnings results on Tuesday, February 4th. The basic materials company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. FMC had a net margin of 8.03% and a return on equity of 9.67%. Analysts forecast that FMC Co. will post 3.48 EPS for the current fiscal year.

FMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Monday, March 31st. FMC’s dividend payout ratio is presently 85.29%.

Analyst Upgrades and Downgrades

FMC has been the topic of a number of recent analyst reports. UBS Group downgraded shares of FMC from a “buy” rating to a “neutral” rating and cut their price target for the stock from $66.00 to $38.00 in a research note on Friday, February 7th. The Goldman Sachs Group began coverage on FMC in a report on Thursday, March 13th. They issued a “buy” rating and a $51.00 target price on the stock. Vertical Research upgraded FMC to a “hold” rating in a research note on Wednesday, February 5th. Royal Bank of Canada cut FMC from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $78.00 to $47.00 in a report on Wednesday, February 5th. Finally, Wells Fargo & Company restated a “cautious” rating on shares of FMC in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.15.

Insider Transactions at FMC

In other FMC news, insider Ronaldo Pereira acquired 5,600 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $35.77 per share, with a total value of $200,312.00. Following the completion of the acquisition, the insider now directly owns 48,837 shares in the company, valued at $1,746,899.49. This trade represents a 12.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Finian Reilly sold 2,958 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $55.25, for a total transaction of $163,429.50. Following the sale, the executive vice president now directly owns 25,468 shares in the company, valued at $1,407,107. This trade represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.85% of the company’s stock.

FMC Profile

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 includes 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.