Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 431,500 shares, a decline of 55.6% from the April 30th total of 972,500 shares. Currently, 1.5% of the company's stock are sold short. Based on an average daily trading volume, of 1,060,000 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

AGRO has been the topic of a number of research analyst reports. Bank of America downgraded Adecoagro from a "buy" rating to an "underperform" rating and lowered their price target for the company from $12.00 to $10.80 in a report on Friday, April 25th. UBS Group lowered their price target on Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen downgraded Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Morgan Stanley downgraded Adecoagro from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $13.00 to $10.00 in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.55.

Institutional Trading of Adecoagro

A number of institutional investors have recently bought and sold shares of AGRO. Blue Trust Inc. boosted its position in Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after purchasing an additional 6,387 shares during the last quarter. R Squared Ltd acquired a new stake in Adecoagro during the fourth quarter valued at $70,000. Ping Capital Management Inc. boosted its position in Adecoagro by 1.9% during the fourth quarter. Ping Capital Management Inc. now owns 105,000 shares of the company's stock valued at $990,000 after purchasing an additional 2,000 shares during the last quarter. Principal Securities Inc. boosted its position in Adecoagro by 9.6% during the fourth quarter. Principal Securities Inc. now owns 33,886 shares of the company's stock valued at $320,000 after purchasing an additional 2,970 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Adecoagro in the fourth quarter worth about $491,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Stock Up 2.8%

AGRO traded up $0.26 during trading on Tuesday, reaching $9.42. 1,001,895 shares of the stock traded hands, compared to its average volume of 843,247. The stock has a market cap of $941.53 million, a price-to-earnings ratio of 6.28, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. Adecoagro has a fifty-two week low of $8.45 and a fifty-two week high of $12.08. 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's 50-day simple moving average is $10.05 and its two-hundred day simple moving average is $10.19.

Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.175 per share. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 3%. Adecoagro's dividend payout ratio (DPR) is presently 56.45%.

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.