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

Two Sigma Advisers LP reduced its position in Adecoagro S.A. (NYSE:AGRO - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,300 shares of the company's stock after selling 56,800 shares during the quarter. Two Sigma Advisers LP owned about 0.08% of Adecoagro worth $767,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased 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 last quarter. Ping Capital Management Inc. increased its stake in shares of Adecoagro by 1.9% in the 4th 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 during the last quarter. Principal Securities Inc. increased its stake in shares of Adecoagro by 9.6% in the 4th 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 last quarter. Sanctuary Advisors LLC acquired a new position in shares of Adecoagro during the 4th quarter worth $491,000. Finally, Carrera Capital Advisors bought a new stake in shares of Adecoagro during the 4th quarter worth $887,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Morgan Stanley cut Adecoagro from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $13.00 to $10.00 in a research report on Monday, April 28th. Wall Street Zen lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Bank of America downgraded shares of Adecoagro from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $12.00 to $10.80 in a research note on Friday, April 25th. Finally, 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. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat, Adecoagro presently has an average rating of "Hold" and a consensus target price of $10.55.

Adecoagro Trading Down 0.8%

NYSE AGRO traded down $0.08 during trading hours on Thursday, reaching $9.09. The company's stock had a trading volume of 477,619 shares, compared to its average volume of 840,236. The firm has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $10.18. 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 S.A. has a 52 week low of $8.45 and a 52 week high of $12.08. The stock has a market cap of $908.44 million, a P/E ratio of 6.06, a P/E/G ratio of 1.43 and a beta of 0.74.

Adecoagro Increases Dividend

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