Keybank National Association OH Invests $192,000 in Adecoagro S.A. (NYSE:AGRO)

Keybank National Association OH acquired a new position in Adecoagro S.A. (NYSE:AGROGet Rating) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 22,744 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. abrdn plc raised its position in shares of Adecoagro by 92.3% in the first quarter. abrdn plc now owns 1,280,654 shares of the company’s stock worth $15,361,000 after buying an additional 614,715 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Adecoagro in the first quarter worth $6,060,000. Banque Pictet & Cie SA purchased a new stake in shares of Adecoagro in the second quarter worth $467,000. Jennison Associates LLC raised its position in shares of Adecoagro by 64.7% in the second quarter. Jennison Associates LLC now owns 3,342,748 shares of the company’s stock worth $28,280,000 after buying an additional 1,312,982 shares in the last quarter. Finally, Quent Capital LLC raised its position in shares of Adecoagro by 16.3% in the first quarter. Quent Capital LLC now owns 42,780 shares of the company’s stock worth $517,000 after buying an additional 6,000 shares in the last quarter.

Adecoagro Stock Down 2.4 %

AGRO opened at $7.76 on Monday. The company has a market cap of $864.32 million, a P/E ratio of 5.24 and a beta of 1.05. The business’s 50-day moving average price is $8.44 and its 200-day moving average price is $9.00. The company has a current ratio of 1.74, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66. Adecoagro S.A. has a 12 month low of $6.78 and a 12 month high of $13.55.

Adecoagro (NYSE:AGROGet Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.39 EPS for the quarter. The firm had revenue of $383.67 million for the quarter. Adecoagro had a return on equity of 18.86% and a net margin of 12.70%. On average, equities analysts expect that Adecoagro S.A. will post 1.16 EPS for the current year.

Adecoagro Increases Dividend

The firm also recently announced a Not Available dividend, which will be paid on Thursday, November 17th. Investors of record on Wednesday, November 2nd will be paid a $0.16 dividend. The ex-dividend date is Tuesday, November 1st. This is a boost from Adecoagro’s previous Not Available dividend of $0.16. This represents a dividend yield of 3.6%. Adecoagro’s dividend payout ratio (DPR) is presently 21.62%.

Analysts Set New Price Targets

A number of research firms have weighed in on AGRO. Itaú Unibanco began coverage on Adecoagro in a research report on Friday, September 30th. They set an “outperform” rating and a $10.00 price target on the stock. StockNews.com began coverage on Adecoagro in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Itau BBA Securities assumed coverage on Adecoagro in a research report on Friday, September 30th. They set an “outperform” rating and a $10.00 price target on the stock.

About Adecoagro

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Adecoagro SA operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as wheat, corn, soybeans, peanuts, cotton, sunflowers, and others; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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