Thrivent Financial for Lutherans Has $5.03 Million Stock Holdings in Freeport-McMoRan Inc. $FCX

Thrivent Financial for Lutherans raised its position in Freeport-McMoRan Inc. (NYSE:FCX) by 30.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,951 shares of the natural resource company’s stock after acquiring an additional 27,228 shares during the period. Thrivent Financial for Lutherans’ holdings in Freeport-McMoRan were worth $5,026,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FCX. Vanguard Group Inc. increased its position in shares of Freeport-McMoRan by 1.6% during the second quarter. Vanguard Group Inc. now owns 126,983,947 shares of the natural resource company’s stock valued at $5,504,754,000 after purchasing an additional 1,941,662 shares during the period. Fisher Asset Management LLC increased its holdings in Freeport-McMoRan by 3.2% in the 2nd quarter. Fisher Asset Management LLC now owns 62,358,715 shares of the natural resource company’s stock valued at $2,703,250,000 after buying an additional 1,926,493 shares during the period. State Street Corp raised its stake in shares of Freeport-McMoRan by 0.5% in the 2nd quarter. State Street Corp now owns 61,787,174 shares of the natural resource company’s stock valued at $2,678,474,000 after buying an additional 320,514 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Freeport-McMoRan by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,547,489 shares of the natural resource company’s stock valued at $1,421,549,000 after buying an additional 5,661,958 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Freeport-McMoRan by 28.1% during the 1st quarter. Amundi now owns 27,635,497 shares of the natural resource company’s stock worth $1,046,280,000 after acquiring an additional 6,054,537 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Insider Activity at Freeport-McMoRan

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $47.99, for a total transaction of $1,364,019.77. Following the transaction, the chief accounting officer owned 105,294 shares of the company’s stock, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Ellie L. Mikes sold 9,572 shares of Freeport-McMoRan stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total value of $456,201.52. Following the completion of the sale, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. This trade represents a 19.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.75% of the stock is owned by corporate insiders.

Key Stores Impacting Freeport-McMoRan

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

• Positive Sentiment: Stock has reached a fresh 52‑week high, reflecting strong momentum and bullish investor sentiment around copper fundamentals. Read More.
• Positive Sentiment: Unusual/options “whale” activity shows concentrated bullish bets, which can amplify upside intraday and signal institutional conviction. Read More.
• Positive Sentiment: Analyst commentary (BMO cited) and MarketBeat coverage point to a recovery after operational news (Grasberg closure) and higher copper prices as a multi‑quarter tailwind for earnings. Read More. • Read More.
• Positive Sentiment: Company announced a quarterly cash dividend (small yield) — supports income investors and signals free‑cash‑flow availability. (Record/ex‑dividend dates disclosed in the release)
• Neutral Sentiment: Mixed short‑term market signals: some outlets report moderately bullish intraday activity while others note mixed options sentiment — suggests short‑term volatility remains likely. Read More. • Read More.
• Neutral Sentiment: Sector commentary flagged a couple of materials names as potential Q4 downside — worth monitoring for broader sector flows, but impact on FCX is uncertain. Read More.
• Negative Sentiment: Multiple law firms have filed or issued investor alerts about securities‑fraud class actions (alleged misstatements covering Feb 15, 2022–Sept 24, 2025) and are soliciting lead plaintiffs — elevated legal overhang could pressure the stock if filings lead to a major settlement or increased litigation costs. Representative filing/notice: Read More.

Freeport-McMoRan Price Performance

Freeport-McMoRan stock opened at $49.14 on Friday. The business’s fifty day moving average is $42.56 and its two-hundred day moving average is $42.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.19 and a current ratio of 2.45. The firm has a market cap of $70.56 billion, a P/E ratio of 34.60, a P/E/G ratio of 1.08 and a beta of 1.49. Freeport-McMoRan Inc. has a 52 week low of $27.66 and a 52 week high of $49.64.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The business had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the previous year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Freeport-McMoRan Inc. will post 1.68 earnings per share for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s dividend payout ratio is 21.13%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Freeport-McMoRan in a research note on Wednesday, November 26th. Johnson Rice lowered their price objective on Freeport-McMoRan from $55.00 to $48.00 in a research note on Monday, September 29th. Wall Street Zen cut Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Wells Fargo & Company raised Freeport-McMoRan to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, UBS Group upped their price target on Freeport-McMoRan from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $49.11.

Freeport-McMoRan 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.