Adecoagro S.A. (NYSE:AGRO) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Adecoagro a consensus "Hold" rating (1 sell, 5 hold, 1 buy) with an average 1‑year target price of about $11.53.
• Adecoagro announced a dividend of $0.1213 per share payable May 19 (ex‑dividend/record date May 4), which the report states implies an unusually high yield of 183% and a dividend payout ratio of -300%.
• Insider activity: CEO Mariano Bosch sold 100,000 shares on March 19 for roughly $1.45 million, reducing his holding by about 10%.

Adecoagro S.A. (NYSE:AGRO - Get Free Report) has received a consensus recommendation of "Hold" from the seven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $11.5333.

Several equities analysts recently commented on the stock. Citigroup lowered shares of Adecoagro from a "buy" rating to a "neutral" rating and increased their target price for the company from $13.00 to $15.00 in a report on Tuesday, April 14th. Weiss Ratings raised shares of Adecoagro from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, March 4th. Zacks Research lowered shares of Adecoagro from a "strong-buy" rating to a "hold" rating in a report on Monday, March 9th. Bank of America raised shares of Adecoagro from an "underperform" rating to a "neutral" rating and set a $9.00 target price on the stock in a report on Friday, January 9th. Finally, UBS Group raised shares of Adecoagro from a "neutral" rating to a "buy" rating and increased their target price for the company from $8.00 to $16.20 in a report on Monday, March 30th.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $14.44 on Thursday. Adecoagro has a one year low of $6.89 and a one year high of $15.89. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -180.50 and a beta of 0.08. The company's fifty day moving average price is $12.41 and its 200-day moving average price is $9.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82.

Adecoagro (NYSE:AGRO - Get Free Report) last released its earnings results on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. The business had revenue of $432.91 million for the quarter. On average, equities research analysts anticipate that Adecoagro will post 1.42 earnings per share for the current fiscal year.

Adecoagro Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, May 4th will be issued a dividend of $0.1213 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a dividend yield of 183.0%. Adecoagro's dividend payout ratio (DPR) is currently -300.00%.

Insider Activity at Adecoagro

In related news, CEO Mariano Bosch sold 100,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the transaction, the chief executive officer owned 897,249 shares of the company's stock, valued at approximately $13,010,110.50. This trade represents a 10.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 106,815 shares of company stock worth $1,540,799.

Institutional Investors Weigh In On Adecoagro

Several institutional investors have recently added to or reduced their stakes in the company. Comprehensive Money Management Services LLC boosted its position in Adecoagro by 5.0% during the 1st quarter. Comprehensive Money Management Services LLC now owns 73,733 shares of the company's stock valued at $1,107,000 after buying an additional 3,495 shares during the period. Decker Retirement Planning Inc. purchased a new stake in Adecoagro during the 1st quarter valued at $4,629,000. SG Americas Securities LLC purchased a new stake in Adecoagro during the 1st quarter valued at $318,000. Virtu Financial LLC purchased a new stake in Adecoagro during the 4th quarter valued at $147,000. Finally, Tudor Investment Corp ET AL boosted its position in Adecoagro by 134.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 88,132 shares of the company's stock valued at $699,000 after buying an additional 50,464 shares during the period. Hedge funds and other institutional investors own 45.25% of the company's stock.

About Adecoagro

Adecoagro NYSE: AGRO is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.

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