Northern Trust Corp Has $543,000 Holdings in Adecoagro S.A. (NYSE:AGRO)

Northern Trust Corp increased its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 352.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,549 shares of the company's stock after acquiring an additional 44,816 shares during the period. Northern Trust Corp owned about 0.06% of Adecoagro worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Banco Santander S.A. acquired a new stake in Adecoagro in the fourth quarter valued at approximately $73,714,000. Causeway Capital Management LLC boosted its position in Adecoagro by 88.8% in the fourth quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after buying an additional 266,816 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Adecoagro in the fourth quarter valued at approximately $1,435,000. Dauntless Investment Group LLC acquired a new stake in Adecoagro in the fourth quarter valued at approximately $1,121,000. Finally, Ping Capital Management Inc. boosted its position 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 buying an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Trading Down 0.5%

NYSE AGRO traded down $0.05 during mid-day trading on Monday, reaching $9.16. 798,866 shares of the stock were exchanged, compared to its average volume of 842,501. Adecoagro S.A. has a one year low of $8.45 and a one year high of $12.08. The stock has a 50 day simple moving average of $10.13 and a 200-day simple moving average of $10.21. The stock has a market cap of $915.94 million, a P/E ratio of 6.11, a P/E/G ratio of 1.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.

Adecoagro Increases Dividend

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

Analysts Set New Price Targets

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

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.