Adecoagro (NYSE:AGRO) Shares Up 3.3% – Time to Buy?

Adecoagro S.A. (NYSE:AGRO) traded up 3.3% during mid-day trading on Tuesday . The stock traded as high as $7.92 and last traded at $7.9450. 132,435 shares changed hands during trading, a decline of 81% from the average session volume of 707,006 shares. The stock had previously closed at $7.69.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Adecoagro from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Wall Street Zen downgraded Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. JPMorgan Chase & Co. began coverage on Adecoagro in a report on Monday, December 1st. They set an “underweight” rating and a $7.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Adecoagro currently has an average rating of “Strong Sell” and a consensus target price of $8.83.

Adecoagro Stock Performance

The company has a market capitalization of $794.21 million, a PE ratio of 34.50 and a beta of 0.44. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The business has a 50 day simple moving average of $7.88 and a 200 day simple moving average of $8.46.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.00 EPS for the quarter. Adecoagro had a net margin of 1.67% and a return on equity of 3.09%. The business had revenue of $304.21 million during the quarter. Equities research analysts predict that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Adecoagro Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 3rd were issued a dividend of $0.1749 per share. This represents a dividend yield of 444.0%. The ex-dividend date of this dividend was Monday, November 3rd. Adecoagro’s dividend payout ratio (DPR) is 152.17%.

Institutional Trading of Adecoagro

Several hedge funds and other institutional investors have recently bought and sold shares of AGRO. Amundi boosted its position in Adecoagro by 5.1% during the first quarter. Amundi now owns 730,766 shares of the company’s stock worth $8,177,000 after purchasing an additional 35,530 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Adecoagro during the 1st quarter worth approximately $1,907,000. Alpine Global Management LLC acquired a new position in shares of Adecoagro during the first quarter valued at approximately $1,609,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Adecoagro by 24.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company’s stock worth $24,496,000 after purchasing an additional 431,641 shares in the last quarter. Finally, Maverick Capital Ltd. lifted its holdings in Adecoagro by 162.3% in the 1st quarter. Maverick Capital Ltd. now owns 48,291 shares of the company’s stock valued at $539,000 after purchasing an additional 29,883 shares in the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.