Comprehensive Money Management Services LLC Purchases Shares of 49,180 Adecoagro S.A. (NYSE:AGRO)

Comprehensive Money Management Services LLC acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 49,180 shares of the company's stock, valued at approximately $464,000.

Other institutional investors also recently modified their holdings of the company. Vise Technologies Inc. bought a new position in Adecoagro in the fourth quarter valued at approximately $153,000. PharVision Advisers LLC bought a new position in shares of Adecoagro in the 4th quarter valued at $225,000. Voloridge Investment Management LLC increased its stake in shares of Adecoagro by 3.5% in the 4th quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company's stock valued at $4,486,000 after purchasing an additional 16,291 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Adecoagro by 15.8% during the 4th quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock worth $282,000 after buying an additional 4,089 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Adecoagro by 36.4% during the 4th quarter. Point72 Asset Management L.P. now owns 59,723 shares of the company's stock worth $563,000 after buying an additional 15,923 shares during the last quarter. Institutional investors own 45.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AGRO. UBS Group decreased their target price on 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 decreased their price target for the company from $13.00 to $10.00 in a report on Monday, April 28th. Wall Street Zen downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Bank of America cut shares of Adecoagro from a "buy" rating to an "underperform" rating and decreased their target price for the stock from $12.00 to $10.80 in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat, Adecoagro currently has an average rating of "Hold" and an average price target of $10.55.

Adecoagro Trading Down 1.3%

NYSE AGRO traded down $0.12 during trading hours on Friday, reaching $9.20. The company's stock had a trading volume of 659,331 shares, compared to its average volume of 841,431. The firm has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $10.23. The stock has a market cap of $919.94 million, a P/E ratio of 6.13, a P/E/G ratio of 1.43 and a beta of 0.74. Adecoagro S.A. has a 52 week low of $8.45 and a 52 week high of $12.08. 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 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 of this dividend 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%.

About Adecoagro

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.