Adecoagro (NYSE:AGRO) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Adecoagro (NYSE:AGRO) from a buy rating to a hold rating in a report issued on Tuesday.

Separately, JPMorgan Chase & Co. raised shares of Adecoagro from an underweight rating to a neutral rating and raised their price target for the company from $10.50 to $11.50 in a report on Monday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $12.50.

Adecoagro Stock Performance

Shares of AGRO stock opened at $9.87 on Tuesday. Adecoagro has a one year low of $8.96 and a one year high of $12.51. The company has a 50 day moving average price of $10.00 and a 200 day moving average price of $10.35. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.18, a price-to-earnings-growth ratio of 1.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.16 and a current ratio of 2.87.

Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $261.78 million during the quarter. Adecoagro had a net margin of 19.18% and a return on equity of 10.55%. Sell-side analysts anticipate that Adecoagro will post 1.74 EPS for the current year.

Adecoagro Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGRO. Walleye Capital LLC bought a new position in Adecoagro during the 3rd quarter valued at $2,919,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Adecoagro by 26.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 123,990 shares of the company’s stock worth $1,449,000 after buying an additional 26,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in Adecoagro in the 4th quarter valued at about $284,000. Quent Capital LLC lifted its position in Adecoagro by 25.0% in the 4th quarter. Quent Capital LLC now owns 74,980 shares of the company’s stock valued at $832,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Adecoagro by 60.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after purchasing an additional 167,608 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors.

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.