Adecoagro (NYSE:AGRO) Shares Up 4.9% – What’s Next?

Adecoagro S.A. (NYSE:AGRO) shares were up 4.9% on Friday. The stock traded as high as $8.86 and last traded at $8.8850. 385,445 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 982,315 shares. The stock had previously closed at $8.47.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AGRO. UBS Group cut their price target on shares of Adecoagro from $15.20 to $13.20 and set a “buy” rating on the stock in a report on Thursday, August 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a report on Monday, October 12th. Finally, Santander started coverage on Adecoagro in a research report on Monday, September 14th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $11.62.

Adecoagro Price Performance

The company has a quick ratio of 0.89, a current ratio of 1.73 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.26 billion, a PE ratio of 15.28 and a beta of 0.01. The stock has a 50 day moving average price of $10.37 and a two-hundred day moving average price of $10.99.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Wednesday, November 11th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). Adecoagro had a net margin of 4.38% and a return on equity of 0.30%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $674.76 million. As a group, equities analysts expect that Adecoagro S.A. will post 1.11 earnings per share for the current year.

Adecoagro Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, November 19th. Shareholders of record on Thursday, November 5th will be paid a dividend of $0.1213 per share. This represents a yield of 267.0%. The ex-dividend date is Thursday, November 5th. Adecoagro’s payout ratio is presently 72.73%.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently modified their holdings of the company. Amundi raised its position in Adecoagro by 718.5% during the 2nd quarter. Amundi now owns 782,432 shares of the company’s stock worth $7,472,000 after buying an additional 686,835 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Adecoagro by 4.4% in the 1st quarter. Lazard Asset Management LLC now owns 197,265 shares of the company’s stock valued at $2,963,000 after acquiring an additional 8,341 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of Adecoagro in the 2nd quarter valued at $2,465,000. PenderFund Capital Management Ltd. acquired a new stake in shares of Adecoagro in the second quarter worth $2,388,000. Finally, BlackRock Inc. acquired a new stake in shares of Adecoagro in the second quarter worth $1,990,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

About Adecoagro

Adecoagro is a South American agribusiness company that produces food and renewable energy. Its operations span farming, dairy, rice, and sugar and ethanol production. The company grows crops such as soybeans, corn, and wheat, and produces rice and milk. In Brazil, it processes sugarcane into sugar, ethanol, and renewable electricity. Adecoagro operates in Argentina, Brazil, and Uruguay. Founded in 2002, it combines agricultural production with processing and energy generation across its regional operations.