Mmbg Investment Advisors CO. Has $779,000 Stake in Freeport-McMoRan Inc. $FCX

Mmbg Investment Advisors CO. grew its stake in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 185.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,865 shares of the natural resource company’s stock after buying an additional 12,905 shares during the period. Mmbg Investment Advisors CO.’s holdings in Freeport-McMoRan were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Steigerwald Gordon & Koch Inc. acquired a new position in Freeport-McMoRan during the third quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Freeport-McMoRan during the second quarter worth $28,000. Salomon & Ludwin LLC grew its holdings in shares of Freeport-McMoRan by 1,962.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 722 shares of the natural resource company’s stock valued at $29,000 after buying an additional 687 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Freeport-McMoRan in the 3rd quarter valued at $36,000. Finally, Proffitt & Goodson Inc. raised its stake in Freeport-McMoRan by 39.8% during the 3rd quarter. Proffitt & Goodson Inc. now owns 977 shares of the natural resource company’s stock worth $38,000 after buying an additional 278 shares during the period. 80.77% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Douglas N. Currault II sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $64.52, for a total transaction of $4,839,000.00. Following the transaction, the executive vice president directly owned 219,181 shares in the company, valued at $14,141,558.12. The trade was a 25.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard C. Adkerson sold 248,031 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $62.80, for a total transaction of $15,576,346.80. Following the completion of the sale, the chairman owned 3,509,119 shares of the company’s stock, valued at $220,372,673.20. This trade represents a 6.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 513,986 shares of company stock valued at $32,124,432 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FCX. Weiss Ratings restated a “hold (c)” rating on shares of Freeport-McMoRan in a report on Thursday, January 22nd. Sanford C. Bernstein downgraded shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $53.50 to $54.00 in a report on Friday, January 23rd. Argus raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price objective on shares of Freeport-McMoRan from $55.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. increased their target price on Freeport-McMoRan from $58.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.26.

Freeport-McMoRan News Summary

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: BNP Paribas Exane raised its price target on FCX to $75 (from $56) and kept an “outperform” rating — a sizeable lift to upside expectations. Read More.
• Positive Sentiment: Argus upgraded FCX from “hold” to “buy,” reinforcing buy-side momentum and contributing to short‑term demand. Read More.
• Positive Sentiment: Other broker actions (Stifel raised its target to $76; UBS, Wells Fargo and Morgan Stanley have recently lifted targets) add to the analyst-driven narrative supporting higher valuations. Read More.
• Positive Sentiment: Zacks and other research outlets highlight rising earnings-estimate revisions and momentum characteristics for FCX, which can justify multiple expansion if commodity prices and volumes cooperate. Read More.
• Neutral Sentiment: Increased media and analyst attention (multiple Zacks pieces, MSN/Yahoo coverage) is amplifying flows into FCX but is informational rather than a direct operational catalyst. Read More.
• Negative Sentiment: Grasberg production setbacks materially reduced Q4 copper/gold volumes, a real operational headwind that can limit near-term revenue despite stronger prices. Read More.
• Negative Sentiment: Large insider sales: Chairman Richard Adkerson disclosed multi-hundred-thousand‑share disposals (Feb. 10–11 filings) totaling tens of millions of dollars — these trades can sap sentiment even if explained by diversification or tax planning. Read More.
• Negative Sentiment: EVP Douglas Currault II sold 75,000 shares (~$4.8M); insider selling at the executive level is a nearer-term negative for perception of internal conviction. Read More.

Freeport-McMoRan Stock Up 1.3%

Freeport-McMoRan stock opened at $62.82 on Monday. The company has a current ratio of 2.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Freeport-McMoRan Inc. has a 1-year low of $27.66 and a 1-year high of $69.44. The company has a fifty day simple moving average of $55.94 and a 200 day simple moving average of $46.90. The company has a market cap of $90.21 billion, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 0.69 and a beta of 1.47.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Thursday, January 22nd. The natural resource company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.19. Freeport-McMoRan had a return on equity of 8.50% and a net margin of 8.50%.The company had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the company earned $0.31 EPS. Freeport-McMoRan’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts anticipate that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is presently 19.87%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.