Adecoagro S.A. (NYSE:AGRO) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in Adecoagro S.A. (NYSE:AGRO) by 10.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,904 shares of the company’s stock after selling 2,850 shares during the period. Van ECK Associates Corp’s holdings in Adecoagro were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AGRO. Point72 Hong Kong Ltd purchased a new position in shares of Adecoagro in the second quarter worth $42,000. Quarry LP increased its position in shares of Adecoagro by 259.4% in the 2nd quarter. Quarry LP now owns 7,598 shares of the company’s stock valued at $74,000 after acquiring an additional 5,484 shares during the period. Blue Trust Inc. raised its stake in Adecoagro by 1,281.5% in the 3rd quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock worth $81,000 after acquiring an additional 6,792 shares during the last quarter. nVerses Capital LLC acquired a new stake in Adecoagro during the 3rd quarter worth about $94,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Adecoagro during the 1st quarter valued at about $128,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America dropped their target price on Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a research report on Monday, September 9th. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Morgan Stanley cut shares of Adecoagro from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $14.50 to $12.50 in a report on Tuesday, September 17th. Finally, UBS Group began coverage on shares of Adecoagro in a report on Monday, October 14th. They issued a “neutral” rating and a $12.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Price Performance

NYSE:AGRO opened at $11.32 on Wednesday. The company has a 50 day moving average price of $11.38 and a 200-day moving average price of $10.51. Adecoagro S.A. has a 1-year low of $8.72 and a 1-year high of $12.51. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 1.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.42 and a quick ratio of 0.98.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Monday, August 12th. The company reported $1.03 earnings per share for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The business had revenue of $411.42 million during the quarter. Equities research analysts forecast that Adecoagro S.A. will post 1.57 EPS for the current year.

Adecoagro Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a $0.174 dividend. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. The ex-dividend date is Tuesday, November 12th. This represents a yield of 2.9%. Adecoagro’s dividend payout ratio is presently 16.83%.

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.