Bentancor Oscar Alejandro Leon Sells 1,163 Shares of Adecoagro (NYSE:AGRO) Stock

Adecoagro S.A. (NYSE:AGRO) Director Bentancor Oscar Alejandro Leon sold 1,163 shares of the company’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $13.03, for a total value of $15,153.89. Following the completion of the transaction, the director directly owned 8,775 shares of the company’s stock, valued at approximately $114,338.25. The trade was a 11.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Adecoagro Price Performance

Shares of AGRO opened at $13.23 on Friday. Adecoagro S.A. has a 12-month low of $6.89 and a 12-month high of $15.89. The business has a 50-day simple moving average of $12.03 and a two-hundred day simple moving average of $9.46. The company has a quick ratio of 0.82, a current ratio of 1.38 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.32 billion, a PE ratio of -165.35, a PEG ratio of 0.28 and a beta of 0.08.

Adecoagro (NYSE:AGRO) last issued its earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%.The firm had revenue of $432.91 million during the quarter. Analysts anticipate that Adecoagro S.A. will post 1.38 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th will be issued a $0.1213 dividend. This represents a yield of 183.0%. The ex-dividend date of this dividend is Monday, May 4th. Adecoagro’s dividend payout ratio is presently -437.50%.

Institutional Investors Weigh In On Adecoagro

Several institutional investors and hedge funds have recently made changes to their positions in AGRO. Orion Porfolio Solutions LLC acquired a new stake in shares of Adecoagro in the fourth quarter valued at about $88,000. Quadrature Capital Ltd bought a new stake in shares of Adecoagro during the 4th quarter valued at about $123,000. Jeppson Wealth Management LLC bought a new stake in shares of Adecoagro during the 3rd quarter valued at about $124,000. Virtu Financial LLC bought a new stake in shares of Adecoagro during the 4th quarter valued at about $147,000. Finally, State of Wyoming boosted its position in shares of Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after purchasing an additional 5,334 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro News Roundup

Here are the key news stories impacting Adecoagro this week:

• Positive Sentiment: Board approved a cash dividend of $17.5 million (US$0.12126801 per share), payable May 19 with a record date of May 4 — the first of two tranches, which returns cash to shareholders and can support the share price. Adecoagro announces declaration of cash dividends
• Neutral Sentiment: Multiple directors each sold identical blocks of 1,163 shares on April 21 at ~$13.03 per share to cover tax withholding associated with equity vesting — routine “sell-to-cover” transactions that are not necessarily a negative signal about insider confidence. SEC filings and disclosure available. Director sells to cover tax withholding
• Neutral Sentiment: Media/analyst coverage: Zacks published valuation and peer-comparison pieces on Adecoagro that could attract value or momentum buyers if the articles highlight constructive estimate revisions. These are informational and may modestly influence flows. Is Adecoagro (AGRO) Stock Undervalued Right Now? Are Consumer Staples Stocks Lagging Adecoagro (AGRO) This Year?
• Negative Sentiment: Analyst/consensus positioning is mixed-to-cautious: Market consensus is a “Hold” with an average target (~$11.53) below current levels, which can cap upside and encourage short-term profit-taking by investors. Recent broker notes include upgrades but overall limited buy-side conviction. MarketBeat Adecoagro coverage

Analyst Ratings Changes

Several brokerages have recently weighed in on AGRO. Citigroup cut Adecoagro from a “buy” rating to a “neutral” rating and increased their price target for the company from $13.00 to $15.00 in a research note on Tuesday, April 14th. Bank of America raised Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a research note on Friday, January 9th. Weiss Ratings raised Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. Truist Financial set a $9.00 price target on Adecoagro in a research note on Friday, January 9th. Finally, Wall Street Zen raised Adecoagro from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Adecoagro has an average rating of “Hold” and an average price target of $11.53.

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.