Adecoagro (NYSE:AGRO) Shares Down 6% - What's Next?

Adecoagro S.A. (NYSE:AGRO - Get Free Report)'s share price traded down 6% during trading on Monday . The stock traded as low as $9.26 and last traded at $9.33. 230,746 shares changed hands during trading, a decline of 72% from the average session volume of 814,568 shares. The stock had previously closed at $9.92.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley cut Adecoagro from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $13.00 to $10.00 in a research report on Monday, April 28th. 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 research report on Friday, April 25th. UBS Group lowered their target price on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. 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 stock currently has a consensus rating of "Hold" and an average price target of $10.55.

Adecoagro Stock Down 3.7 %

The firm has a 50 day moving average of $10.81 and a 200-day moving average of $10.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The stock has a market capitalization of $883.94 million, a P/E ratio of 5.89, a price-to-earnings-growth 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. 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 made changes to their positions in the business. Banco Santander S.A. bought a new stake in Adecoagro in the fourth quarter valued at about $73,714,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Adecoagro by 68.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock valued at $16,609,000 after purchasing an additional 714,911 shares during the period. Causeway Capital Management LLC raised its holdings in shares of Adecoagro by 88.8% in the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock worth $5,350,000 after buying an additional 266,816 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Adecoagro during the 4th quarter worth approximately $1,435,000. Finally, Dauntless Investment Group LLC acquired a new stake in Adecoagro in the 4th quarter valued at $1,121,000. Institutional investors and hedge funds own 45.25% of the company's stock.

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.