Cubist Systematic Strategies LLC Has $1.16 Million Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Cubist Systematic Strategies LLC lifted its holdings in Adecoagro S.A. (NYSE:AGRO - Free Report) by 586.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,050 shares of the company's stock after acquiring an additional 105,134 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.12% of Adecoagro worth $1,160,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Banco Santander S.A. acquired a new position in Adecoagro during the 4th quarter worth $73,714,000. Helikon Investments Ltd lifted its holdings in Adecoagro by 0.5% during the 4th 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. 683 Capital Management LLC raised its position in shares of Adecoagro by 6.2% during the 4th quarter. 683 Capital Management LLC now owns 600,000 shares of the company's stock valued at $5,658,000 after acquiring an additional 35,000 shares during the last quarter. Causeway Capital Management LLC lifted its stake in shares of Adecoagro by 88.8% in the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after purchasing an additional 266,816 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Adecoagro by 48.5% in the 4th quarter. BNP Paribas Financial Markets now owns 232,746 shares of the company's stock valued at $2,195,000 after purchasing an additional 75,975 shares during the period. 45.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Morgan Stanley downgraded Adecoagro from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $13.00 to $10.00 in a research note on Monday, April 28th. StockNews.com downgraded Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Bank of America downgraded Adecoagro from a "buy" rating to an "underperform" rating and cut their price target for the company from $12.00 to $10.80 in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company's stock. According to data from MarketBeat, Adecoagro currently has a consensus rating of "Hold" and a consensus target price of $10.55.

Adecoagro Trading Up 2.3%

Shares of AGRO traded up $0.21 during trading hours on Friday, reaching $9.13. The stock had a trading volume of 637,584 shares, compared to its average volume of 846,587. The firm has a 50-day moving average of $10.42 and a 200 day moving average of $10.36. The company has a market cap of $912.44 million, a P/E ratio of 6.08, a P/E/G ratio of 1.43 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 52 week low of $8.45 and a 52 week high of $12.08.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.175 per share. This represents a yield of 3%. The ex-dividend date was Friday, May 2nd. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's dividend payout ratio is 39.33%.

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.