Adecoagro (NYSE:AGRO) Stock Price Down 5.5% – What’s Next?

Shares of Adecoagro S.A. (NYSE:AGRO) fell 5.5% during mid-day trading on Thursday . The company traded as low as $10.60 and last traded at $10.62. 236,966 shares were traded during mid-day trading, a decline of 67% from the average session volume of 718,306 shares. The stock had previously closed at $11.24.

Analyst Ratings Changes

Several research firms have weighed in on AGRO. UBS Group began coverage on Adecoagro in a research report on Monday, October 14th. They set a “neutral” rating and a $12.00 price target for the company. Morgan Stanley lowered shares of Adecoagro from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Bank of America decreased their target price on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research note on Monday, September 9th. Four equities research 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 an average rating of “Hold” and an average price target of $12.63.

Adecoagro Stock Up 5.8 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.42 and a quick ratio of 0.98. The stock’s fifty day simple moving average is $11.36 and its two-hundred day simple moving average is $10.52. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.16 and a beta of 1.08.

Adecoagro Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.174 per share. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a yield of 2.9%. Adecoagro’s dividend payout ratio (DPR) is presently 23.33%.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Adecoagro in the third quarter valued at $37,000. Point72 Hong Kong Ltd purchased a new position in shares of Adecoagro during the 2nd quarter valued at $42,000. Blue Trust Inc. increased its stake in shares of Adecoagro by 1,281.5% in the third 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. Quarry LP raised its holdings in shares of Adecoagro by 259.4% during the second quarter. Quarry LP now owns 7,598 shares of the company’s stock worth $74,000 after acquiring an additional 5,484 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Adecoagro during the third quarter valued at $94,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.