Adecoagro S.A. (NYSE:AGRO) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 26.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,751 shares of the company's stock after selling 34,996 shares during the period. Two Sigma Investments LP owned approximately 0.09% of Adecoagro worth $903,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Adecoagro in the 4th quarter worth about $491,000. Causeway Capital Management LLC grew its stake in Adecoagro by 88.8% in the fourth 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. Northern Trust Corp increased its holdings in Adecoagro by 352.0% during the 4th quarter. Northern Trust Corp now owns 57,549 shares of the company's stock worth $543,000 after purchasing an additional 44,816 shares during the period. Quantbot Technologies LP purchased a new position in Adecoagro during the 4th quarter worth $240,000. Finally, Magnetar Financial LLC bought a new stake in Adecoagro during the 4th quarter valued at $526,000. 45.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Adecoagro Stock Up 1.4%

Shares of NYSE AGRO traded up $0.13 during trading hours on Tuesday, hitting $9.28. 317,590 shares of the stock were exchanged, compared to its average volume of 835,379. Adecoagro S.A. has a 12 month low of $8.45 and a 12 month high of $12.08. The firm has a fifty day moving average price of $9.84 and a 200-day moving average price of $10.12. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The company has a market cap of $927.44 million, a PE ratio of 6.18, a PEG ratio of 1.43 and a beta of 0.71.

Adecoagro Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.175 per share. This is a positive change from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date was Friday, May 2nd. This represents a dividend yield of 3%. Adecoagro's payout ratio is presently 56.45%.

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.