Adecoagro S.A. (NYSE:AGRO) Stock Holdings Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in Adecoagro S.A. (NYSE:AGRO) by 43.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 638,646 shares of the company’s stock after selling 491,301 shares during the quarter. Russell Investments Group Ltd. owned 0.60% of Adecoagro worth $7,089,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Adecoagro by 388.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company’s stock valued at $4,233,000 after buying an additional 287,919 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Adecoagro by 5.0% during the fourth quarter. Jennison Associates LLC now owns 5,371,368 shares of the company’s stock valued at $59,622,000 after acquiring an additional 255,684 shares during the period. Walleye Capital LLC bought a new stake in Adecoagro during the third quarter worth approximately $2,919,000. Sapient Capital LLC acquired a new stake in Adecoagro in the fourth quarter worth approximately $2,294,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Adecoagro by 60.9% during 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 in the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Adecoagro Trading Up 0.4 %

Shares of NYSE:AGRO opened at $11.28 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.20 and a current ratio of 2.14. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.35 and a beta of 1.12. Adecoagro S.A. has a 1-year low of $8.33 and a 1-year high of $12.51. The company has a 50 day moving average price of $10.75 and a 200 day moving average price of $10.71.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) EPS for the quarter. The company had revenue of $263.95 million for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. On average, research analysts anticipate that Adecoagro S.A. will post 1.69 EPS for the current fiscal year.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Tuesday, May 14th will be given a $0.1682 dividend. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Monday, May 13th. This represents a dividend yield of 2.9%. Adecoagro’s dividend payout ratio (DPR) is 15.64%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Adecoagro from a “hold” rating to a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Adecoagro has a consensus rating of “Hold” and a consensus target price of $12.17.

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.