Madison Investment Advisors LLC Makes New Investment in adidas AG (OTCMKTS:ADDYY)

Madison Investment Advisors LLC bought a new position in shares of adidas AG (OTCMKTS:ADDYY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,010 shares of the company’s stock, valued at approximately $2,437,000.

Separately, GAMMA Investing LLC boosted its holdings in adidas by 13.3% during the fourth quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock valued at $109,000 after acquiring an additional 105 shares during the period.

adidas Stock Up 0.3 %

OTCMKTS ADDYY opened at $120.99 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32. The firm has a 50-day simple moving average of $128.67 and a 200 day simple moving average of $124.42. adidas AG has a twelve month low of $103.71 and a twelve month high of $137.73. The stock has a market cap of $43.21 billion, a PE ratio of 93.07 and a beta of 1.18.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.