Two Sigma Advisers LP Sells 56,800 Shares of Adecoagro S.A. (NYSE:AGRO)

Two Sigma Advisers LP lessened its position in Adecoagro S.A. (NYSE:AGRO - Free Report) by 41.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,300 shares of the company's stock after selling 56,800 shares during the period. Two Sigma Advisers LP owned 0.08% of Adecoagro worth $767,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Banco Santander S.A. purchased a new position in shares of Adecoagro during the fourth quarter valued at approximately $73,714,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Adecoagro by 68.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock valued at $16,609,000 after purchasing an additional 714,911 shares during the period. 683 Capital Management LLC raised its holdings in Adecoagro by 6.2% in the 4th quarter. 683 Capital Management LLC now owns 600,000 shares of the company's stock worth $5,658,000 after purchasing an additional 35,000 shares in the last quarter. Causeway Capital Management LLC raised its holdings in Adecoagro by 88.8% in the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock worth $5,350,000 after purchasing an additional 266,816 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position 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 worth $2,195,000 after purchasing an additional 75,975 shares during the period. Institutional investors own 45.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AGRO. Morgan Stanley cut shares of Adecoagro from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $13.00 to $10.00 in a research report on Monday, April 28th. Wall Street Zen downgraded Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. UBS Group decreased their target price on Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, 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 report on Friday, April 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, Adecoagro currently has an average rating of "Hold" and a consensus price target of $10.55.

Adecoagro Stock Up 0.4%

Shares of AGRO traded up $0.04 during mid-day trading on Friday, reaching $9.11. The company had a trading volume of 318,686 shares, compared to its average volume of 838,427. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The company has a market capitalization of $910.74 million, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The firm has a 50-day moving average price of $9.92 and a 200 day moving average price of $10.15. 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 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 represents a yield of 3%. This is an increase from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, May 2nd. Adecoagro's dividend payout ratio is 56.45%.

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.