Adecoagro (NYSE:AGRO) Trading 7% Higher – Still a Buy?

Adecoagro S.A. (NYSE:AGRO)’s share price shot up 7% on Monday . The company traded as high as $14.95 and last traded at $14.8790. 815,769 shares changed hands during trading, a decline of 36% from the average session volume of 1,267,051 shares. The stock had previously closed at $13.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings upgraded Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Truist Financial set a $9.00 price objective on Adecoagro in a research note on Friday, January 9th. Zacks Research lowered Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup downgraded shares of Adecoagro from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $13.00 to $15.00 in a report on Tuesday, April 14th. Finally, Bank of America raised shares of Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $11.53.

Adecoagro Stock Up 9.2%

The company’s fifty day simple moving average is $12.52 and its 200-day simple moving average is $9.69. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82. The firm has a market capitalization of $1.52 billion, a PE ratio of -189.79 and a beta of -0.04.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. The business had revenue of $432.91 million for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. On average, analysts forecast that Adecoagro S.A. will post 1.42 EPS for the current year.

Adecoagro Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th will be paid a $0.1213 dividend. The ex-dividend date is Monday, May 4th. This represents a yield of 160.0%. Adecoagro’s dividend payout ratio (DPR) is -437.50%.

Insiders Place Their Bets

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the sale, the chief executive officer owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. This trade represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 106,815 shares of company stock valued at $1,540,799 over the last three months.

Hedge Funds Weigh In On Adecoagro

Several hedge funds and other institutional investors have recently modified their holdings of AGRO. Sparta 24 Ltd. boosted its stake in Adecoagro by 4.8% in the 3rd quarter. Sparta 24 Ltd. now owns 2,200,278 shares of the company’s stock worth $17,250,000 after purchasing an additional 100,000 shares in the last quarter. Invesco Ltd. increased its stake in Adecoagro by 86.5% during the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after purchasing an additional 212,685 shares in the last quarter. Ghisallo Capital Management LLC purchased a new position in shares of Adecoagro in the fourth quarter worth $2,987,000. Ameriprise Financial Inc. raised its holdings in shares of Adecoagro by 32.3% in the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after buying an additional 90,518 shares during the last quarter. Finally, HRT Financial LP lifted its stake in shares of Adecoagro by 13.4% during the fourth quarter. HRT Financial LP now owns 312,828 shares of the company’s stock worth $2,480,000 after buying an additional 36,857 shares during the period. 45.25% of the stock is owned by hedge funds and other institutional investors.

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.