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

Adecoagro S.A. (NYSE:AGRO - Get Free Report) fell 6% during mid-day trading on Monday . The stock traded as low as $9.26 and last traded at $9.33. 230,746 shares traded 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

Several brokerages have commented on AGRO. Morgan Stanley lowered Adecoagro from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $13.00 to $10.00 in a research note on Monday. Bank of America downgraded shares of Adecoagro from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $12.00 to $10.80 in a report on Friday. Finally, StockNews.com downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.08.

Adecoagro Trading Down 8.8 %

The stock has a market cap of $904.34 million, a PE ratio of 6.02, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65. The stock has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $10.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.

Adecoagro Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. NBC Securities Inc. lifted its holdings in Adecoagro by 143,775.0% during the first quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock valued at $64,000 after purchasing an additional 5,751 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Adecoagro in the 4th quarter valued at approximately $70,000. OLD Mission Capital LLC purchased a new position in Adecoagro in the fourth quarter valued at $108,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Adecoagro during the fourth quarter worth about $126,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Adecoagro by 26.3% during the fourth quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock worth $126,000 after buying an additional 2,794 shares during the last quarter. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.