Sei Investments Co. Trims Stock Position in Adecoagro S.A. (NYSE:AGRO)

Sei Investments Co. cut its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 20.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,615 shares of the company’s stock after selling 15,383 shares during the period. Sei Investments Co.’s holdings in Adecoagro were worth $562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. lifted its holdings in Adecoagro by 1.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock valued at $1,657,000 after purchasing an additional 1,900 shares in the last quarter. Ping Capital Management Inc. raised its holdings in shares of Adecoagro by 1.9% during the 4th quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock worth $990,000 after acquiring an additional 2,000 shares during the period. Principal Securities Inc. boosted its position in shares of Adecoagro by 9.6% during the 4th quarter. Principal Securities Inc. now owns 33,886 shares of the company’s stock valued at $320,000 after acquiring an additional 2,970 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Adecoagro in the third quarter valued at about $37,000. Finally, Blue Trust Inc. grew its holdings in shares of Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after purchasing an additional 6,387 shares during the period. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO stock opened at $10.83 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The firm has a market cap of $1.08 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.43 and a beta of 0.65. The firm’s 50 day moving average price is $10.61 and its 200-day moving average price is $10.61. Adecoagro S.A. has a one year low of $8.72 and a one year high of $12.08.

Adecoagro Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.175 per share. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. The ex-dividend date is Friday, May 2nd. Adecoagro’s dividend payout ratio (DPR) is currently 39.33%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.63.

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.