Chesapeake Capital Corp IL Has $390,000 Position in Adecoagro S.A. (NYSE:AGRO)

Chesapeake Capital Corp IL trimmed its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 25.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 35,400 shares of the company’s stock after selling 12,053 shares during the period. Chesapeake Capital Corp IL’s holdings in Adecoagro were worth $390,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AGRO. Sapient Capital LLC acquired a new position in Adecoagro during the fourth quarter valued at approximately $2,294,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adecoagro during the 4th quarter worth approximately $958,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 buying an additional 167,608 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Adecoagro by 10.5% in the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after buying an additional 561,352 shares in the last quarter. Finally, Helikon Investments Ltd grew its stake in shares of Adecoagro by 12.4% in the fourth quarter. Helikon Investments Ltd now owns 1,292,270 shares of the company’s stock valued at $14,344,000 after buying an additional 142,595 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AGRO shares. JPMorgan Chase & Co. upgraded shares of Adecoagro from an “underweight” rating to a “neutral” rating and increased their price target for the company from $10.50 to $11.50 in a research note on Monday, July 1st. StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Adecoagro currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Adecoagro Stock Performance

Adecoagro stock traded down $0.09 during mid-day trading on Friday, hitting $9.38. 359,891 shares of the company’s stock traded hands, compared to its average volume of 703,210. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.87 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $9.70 and a two-hundred day simple moving average of $10.24. Adecoagro S.A. has a fifty-two week low of $8.96 and a fifty-two week high of $12.51. The stock has a market cap of $976.83 million, a price-to-earnings ratio of 3.97, a P/E/G ratio of 1.50 and a beta of 1.10.

Adecoagro (NYSE:AGRO) last posted its earnings results on Thursday, May 16th. The company reported $0.22 earnings per share (EPS) for the quarter. Adecoagro had a net margin of 19.18% and a return on equity of 10.55%. The company had revenue of $261.78 million during the quarter. On average, research analysts expect that Adecoagro S.A. will post 1.63 EPS for the current fiscal year.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, May 29th. Stockholders of record on Tuesday, May 14th were given a $0.1682 dividend. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date was Monday, May 13th. This represents a dividend yield of 2.9%. Adecoagro’s dividend payout ratio is presently 14.41%.

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.