Decker Retirement Planning Inc. Invests $4.63 Million in Adecoagro S.A. $AGRO

Decker Retirement Planning Inc. acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 308,170 shares of the company’s stock, valued at approximately $4,629,000. Adecoagro accounts for 2.1% of Decker Retirement Planning Inc.’s holdings, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC bought a new position in shares of Adecoagro during the 4th quarter valued at about $88,000. Quadrature Capital Ltd acquired a new stake in Adecoagro during the 4th quarter worth approximately $123,000. Virtu Financial LLC bought a new position in Adecoagro in the fourth quarter valued at approximately $147,000. State of Wyoming lifted its stake in Adecoagro by 44.9% in the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after buying an additional 5,334 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in shares of Adecoagro in the fourth quarter valued at approximately $159,000. 45.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AGRO has been the subject of several research reports. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. UBS Group raised Adecoagro from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $16.20 in a research report on Monday, March 30th. Citigroup downgraded shares of Adecoagro from a “buy” rating to a “neutral” rating and raised their target price for the company from $13.00 to $15.00 in a research report on Tuesday, April 14th. JPMorgan Chase & Co. raised their price target on Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday, June 15th. Finally, Morgan Stanley raised Adecoagro from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $9.50 to $13.00 in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.12.

Adecoagro Price Performance

AGRO stock opened at $9.29 on Friday. The company’s 50-day moving average price is $12.29 and its two-hundred day moving average price is $10.76. The firm has a market cap of $1.32 billion, a P/E ratio of 464.48 and a beta of -0.08. The company has a quick ratio of 0.86, a current ratio of 1.74 and a debt-to-equity ratio of 0.80. Adecoagro S.A. has a 12 month low of $6.89 and a 12 month high of $15.89.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). The firm had revenue of $419.44 million for the quarter, compared to the consensus estimate of $408.94 million. Adecoagro had a negative return on equity of 2.38% and a net margin of 0.95%. On average, analysts anticipate that Adecoagro S.A. will post 1.73 earnings per share for the current fiscal year.

Adecoagro Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th were given a dividend of $0.1213 per share. This represents a yield of 160.0%. The ex-dividend date was Monday, May 4th. Adecoagro’s payout ratio is currently 1,200.00%.

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.