NBC Securities Inc. Buys 5,751 Shares of Adecoagro S.A. (NYSE:AGRO)

NBC Securities Inc. grew its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 143,775.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,755 shares of the company’s stock after buying an additional 5,751 shares during the quarter. NBC Securities Inc.’s holdings in Adecoagro were worth $64,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OLD Mission Capital LLC bought a new stake in shares of Adecoagro in the 4th quarter worth approximately $108,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adecoagro in the 4th quarter worth approximately $126,000. Lazard Asset Management LLC grew its position in shares of Adecoagro by 26.3% in the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company’s stock worth $126,000 after buying an additional 2,794 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of Adecoagro in the 4th quarter worth approximately $153,000. Finally, Virtu Financial LLC bought a new stake in shares of Adecoagro in the 4th quarter worth approximately $163,000. 45.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group lowered their target price on Adecoagro from $10.50 to $9.90 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Bank of America cut Adecoagro from a “buy” rating to an “underperform” rating and lowered their target price for the company from $12.00 to $10.80 in a research note on Friday, April 25th. Morgan Stanley cut Adecoagro from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $13.00 to $10.00 in a research note on Monday, April 28th. Finally, Wall Street Zen cut Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Two 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 has an average rating of “Hold” and a consensus price target of $10.55.

Adecoagro Trading Down 0.7%

AGRO opened at $9.23 on Thursday. The business has a 50 day moving average of $9.80 and a 200-day moving average of $10.11. The stock has a market cap of $922.44 million, a PE ratio of 6.15, a PEG ratio of 1.43 and a beta of 0.71. Adecoagro S.A. has a 52 week low of $8.45 and a 52 week high of $12.08. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.175 per share. This is a boost from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date was Friday, May 2nd. This represents a yield of 3%. Adecoagro’s payout ratio is presently 56.45%.

Adecoagro Company 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.