Adecoagro S.A. (NYSE:AGRO) Shares Bought by 683 Capital Management LLC

683 Capital Management LLC lifted its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 600,000 shares of the company's stock after acquiring an additional 35,000 shares during the period. 683 Capital Management LLC owned approximately 0.58% of Adecoagro worth $5,658,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Adecoagro during the 4th quarter worth about $70,000. OLD Mission Capital LLC purchased a new stake in shares of Adecoagro in the fourth quarter valued at approximately $108,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Adecoagro during the 4th quarter worth approximately $126,000. Blue Trust Inc. lifted its position in shares of Adecoagro by 87.2% during the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after buying an additional 6,387 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Adecoagro in the 4th quarter valued at $163,000. 45.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AGRO shares. UBS Group decreased their price objective on Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Bank of America downgraded Adecoagro from a "buy" rating to an "underperform" rating and cut their target price for the stock from $12.00 to $10.80 in a research note on Friday, April 25th. Morgan Stanley lowered shares of Adecoagro from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $13.00 to $10.00 in a report on Monday, April 28th. Finally, StockNews.com downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, Adecoagro presently has an average rating of "Hold" and a consensus price target of $10.55.

Adecoagro Stock Up 0.3 %

Adecoagro stock traded up $0.03 during mid-day trading on Wednesday, hitting $8.70. The company had a trading volume of 336,891 shares, compared to its average volume of 839,283. The business has a fifty day moving average of $10.72 and a 200 day moving average of $10.50. Adecoagro S.A. has a 1 year low of $8.45 and a 1 year high of $12.08. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock has a market cap of $869.44 million, a price-to-earnings ratio of 5.80, a PEG ratio of 1.43 and a beta of 0.74.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a $0.175 dividend. This is an increase 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 payout ratio is presently 39.33%.

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.