Adecoagro S.A. $AGRO Shares Purchased by Sparta 24 Ltd.

Sparta 24 Ltd. boosted its holdings in Adecoagro S.A. (NYSE:AGRO) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,200,278 shares of the company’s stock after buying an additional 100,000 shares during the quarter. Adecoagro makes up about 15.8% of Sparta 24 Ltd.’s holdings, making the stock its 2nd largest position. Sparta 24 Ltd. owned 2.20% of Adecoagro worth $17,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Amundi boosted its position in shares of Adecoagro by 5.1% during the 1st quarter. Amundi now owns 730,766 shares of the company’s stock worth $8,177,000 after acquiring an additional 35,530 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Adecoagro by 48.4% during the first quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after purchasing an additional 28,275 shares during the last quarter. Jane Street Group LLC boosted its holdings in Adecoagro by 20.5% in the first quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock valued at $2,112,000 after purchasing an additional 32,169 shares in the last quarter. Vise Technologies Inc. acquired a new position in Adecoagro in the second quarter valued at approximately $277,000. Finally, Magnetar Financial LLC increased its stake in Adecoagro by 105.9% in the second quarter. Magnetar Financial LLC now owns 31,615 shares of the company’s stock valued at $289,000 after purchasing an additional 16,260 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Stock Down 2.8%

Adecoagro stock opened at $7.74 on Wednesday. The stock’s 50 day moving average price is $7.91 and its 200 day moving average price is $8.35. Adecoagro S.A. has a 1-year low of $6.89 and a 1-year high of $11.78. The company has a market cap of $774.20 million, a PE ratio of 33.63 and a beta of 0.43. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.56.

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

Adecoagro Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AGRO. Wall Street Zen downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a research report on Wednesday, October 8th. UBS Group decreased their price objective on shares of Adecoagro from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Adecoagro in a research report on Monday, December 1st. They set an “underweight” rating and a $7.00 target price on the stock. One research 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.com, the stock has an average rating of “Strong Sell” and an average price target of $8.83.

Adecoagro Company Profile

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.