Adecoagro (NYSE:AGRO) Hits New 52-Week Low - Time to Sell?

Adecoagro S.A. (NYSE:AGRO - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as $8.63 and last traded at $8.79, with a volume of 222165 shares. The stock had previously closed at $8.82.

Analyst Upgrades and Downgrades

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

Adecoagro Price Performance

The firm has a market capitalization of $865.44 million, a price-to-earnings ratio of 5.78, a P/E/G ratio of 1.43 and a beta of 0.74. The stock's 50 day moving average price is $10.81 and its two-hundred day moving average price is $10.54. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a $0.175 dividend. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. Adecoagro's dividend payout ratio (DPR) is 39.33%.

Hedge Funds Weigh In On Adecoagro

Hedge funds have recently modified their holdings of the stock. Ping Capital Management Inc. lifted its position in 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 buying an additional 2,000 shares in the last quarter. Lazard Asset Management LLC boosted its position in Adecoagro by 26.3% during the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock valued at $126,000 after purchasing an additional 2,794 shares during the last quarter. Principal Securities Inc. raised its stake in Adecoagro by 9.6% in the fourth quarter. Principal Securities Inc. now owns 33,886 shares of the company's stock valued at $320,000 after buying an additional 2,970 shares during the period. Vident Advisory LLC boosted its holdings in shares of Adecoagro by 15.8% during the fourth quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock worth $282,000 after acquiring an additional 4,089 shares during the period. Finally, NBC Securities Inc. boosted its stake in shares of Adecoagro by 143,775.0% in the first quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock valued at $64,000 after buying an additional 5,751 shares during the period. 45.25% of the stock is owned by institutional investors and hedge funds.

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.

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