BNP Paribas Financial Markets Purchases 75,975 Shares of Adecoagro S.A. (NYSE:AGRO)

BNP Paribas Financial Markets increased its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 48.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,746 shares of the company's stock after purchasing an additional 75,975 shares during the period. BNP Paribas Financial Markets owned 0.22% of Adecoagro worth $2,195,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AGRO. Blue Trust Inc. grew its holdings in Adecoagro by 87.2% during the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after buying an additional 6,387 shares in the last quarter. Helikon Investments Ltd lifted its holdings in shares of Adecoagro by 0.5% in the fourth quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock worth $65,792,000 after buying an additional 35,000 shares in the last quarter. R Squared Ltd bought a new position in shares of Adecoagro during the fourth quarter worth $70,000. Ping Capital Management Inc. grew its stake 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 acquiring an additional 2,000 shares in the last quarter. Finally, Principal Securities Inc. grew its stake 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 acquiring an additional 2,970 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company's stock.

Adecoagro Trading Up 0.0%

Shares of AGRO traded up $0.00 during mid-day trading on Thursday, reaching $9.39. 137,151 shares of the company's stock traded hands, compared to its average volume of 839,073. 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 moving average is $10.33 and its two-hundred day moving average is $10.32. Adecoagro S.A. has a 12 month low of $8.45 and a 12 month high of $12.08. The stock has a market cap of $939.23 million, a P/E ratio of 6.26, a P/E/G ratio of 1.43 and a beta of 0.74.

Adecoagro Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $0.175 dividend. This represents a yield of 3%. The ex-dividend date was Friday, May 2nd. This is an increase from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's dividend payout ratio is 56.45%.

Analysts Set New Price Targets

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

Adecoagro 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.