Causeway Capital Management LLC Grows Stake in Adecoagro S.A. (NYSE:AGRO)

Causeway Capital Management LLC lifted its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 88.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,374 shares of the company's stock after purchasing an additional 266,816 shares during the period. Causeway Capital Management LLC owned 0.54% of Adecoagro worth $5,350,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Adecoagro by 1.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company's stock worth $1,657,000 after buying an additional 1,900 shares in the last quarter. Ping Capital Management Inc. increased its stake in Adecoagro by 1.9% in 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 in the last quarter. Principal Securities Inc. raised its holdings in shares of 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 period. Public Employees Retirement System of Ohio bought a new position in Adecoagro in the third quarter worth approximately $37,000. Finally, Blue Trust Inc. grew its stake in Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after acquiring an additional 6,387 shares during the period. Institutional investors and hedge funds own 45.25% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Adecoagro currently has an average rating of "Hold" and a consensus price target of $12.63.

Adecoagro Stock Up 1.4 %

Adecoagro stock traded up $0.16 during trading on Friday, hitting $11.37. 1,644,606 shares of the company were exchanged, compared to its average volume of 789,651. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The business's 50 day moving average is $10.83 and its 200 day moving average is $10.61. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.08. The company has a market capitalization of $1.14 billion, a P/E ratio of 7.58, a PEG ratio of 1.43 and a beta of 0.65.

Adecoagro Increases Dividend

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

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.