Adecoagro S.A. (NYSE:AGRO) Holdings Boosted by Helikon Investments Ltd

Helikon Investments Ltd lifted its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 95.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,526,924 shares of the company’s stock after purchasing an additional 1,234,654 shares during the period. Adecoagro comprises 2.4% of Helikon Investments Ltd’s investment portfolio, making the stock its 8th biggest position. Helikon Investments Ltd owned about 2.38% of Adecoagro worth $27,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in Adecoagro by 168.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after purchasing an additional 2,923 shares during the last quarter. Principal Securities Inc. purchased a new stake in Adecoagro during the 4th quarter valued at about $204,000. Semanteon Capital Management LP acquired a new stake in Adecoagro in the 4th quarter valued at about $225,000. SG Americas Securities LLC purchased a new position in Adecoagro in the 4th quarter worth approximately $284,000. Finally, Chesapeake Capital Corp IL purchased a new position in Adecoagro in the 4th quarter worth approximately $527,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded Adecoagro from an “underweight” rating to a “neutral” rating and upped their target price for the company from $10.50 to $11.50 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.50.

Adecoagro Trading Down 0.9 %

Shares of AGRO stock traded down $0.09 during trading on Tuesday, hitting $9.84. 848,676 shares of the stock traded hands, compared to its average volume of 574,140. Adecoagro S.A. has a 52-week low of $8.96 and a 52-week high of $12.51. The firm has a market capitalization of $1.02 billion, a P/E ratio of 4.17, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. The firm’s fifty day moving average price is $10.05 and its 200-day moving average price is $10.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.87 and a quick ratio of 1.16.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.22 EPS for the quarter. The business had revenue of $261.78 million for the quarter. Adecoagro had a return on equity of 10.55% and a net margin of 19.18%. As a group, research analysts forecast that Adecoagro S.A. will post 1.74 earnings per share for the current fiscal year.

Adecoagro Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.1682 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 13th. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s dividend payout ratio (DPR) is 14.41%.

About Adecoagro

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.