Adecoagro S.A. (NYSE:AGRO) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,751 shares of the company’s stock after selling 34,996 shares during the quarter. Two Sigma Investments LP owned about 0.09% of Adecoagro worth $903,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Lazard Asset Management LLC grew its holdings in Adecoagro by 26.3% during the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company’s stock valued at $126,000 after buying an additional 2,794 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Adecoagro by 9.6% during the 4th quarter. Principal Securities Inc. now owns 33,886 shares of the company’s stock worth $320,000 after purchasing an additional 2,970 shares during the period. OLD Mission Capital LLC purchased a new position in shares of Adecoagro during the 4th quarter worth $108,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Adecoagro during the 4th quarter worth $126,000. Finally, Point72 Asset Management L.P. lifted its stake in shares of Adecoagro by 36.4% during the 4th quarter. Point72 Asset Management L.P. now owns 59,723 shares of the company’s stock worth $563,000 after purchasing an additional 15,923 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AGRO. Wall Street Zen lowered Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Bank of America lowered Adecoagro from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $12.00 to $10.80 in a research note on Friday, April 25th. UBS Group cut their target price on Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley lowered Adecoagro from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $13.00 to $10.00 in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, Adecoagro currently has a consensus rating of “Hold” and a consensus price target of $10.55.

Adecoagro Trading Up 0.4%

Shares of AGRO opened at $9.11 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $910.74 million, a P/E ratio of 6.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The stock’s fifty day simple moving average is $9.92 and its 200 day simple moving average is $10.15. Adecoagro S.A. has a twelve month low of $8.45 and a twelve month high of $12.08.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a $0.175 dividend. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. This represents a yield of 3%. The ex-dividend date was Friday, May 2nd. Adecoagro’s dividend payout ratio is currently 56.45%.

Adecoagro Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.