Comprehensive Money Management Services LLC Makes New Investment in Adecoagro S.A. (NYSE:AGRO)

Comprehensive Money Management Services LLC acquired a new stake in Adecoagro S.A. (NYSE:AGRO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 49,180 shares of the company's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Adecoagro by 87.2% during the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock worth $129,000 after buying an additional 6,387 shares during the period. Helikon Investments Ltd grew its position in shares of Adecoagro by 0.5% during the 4th quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock worth $65,792,000 after buying an additional 35,000 shares during the period. R Squared Ltd acquired a new stake in shares of Adecoagro during the 4th quarter worth approximately $70,000. Ping Capital Management Inc. grew its position in shares of Adecoagro by 1.9% during the 4th quarter. Ping Capital Management Inc. now owns 105,000 shares of the company's stock worth $990,000 after buying an additional 2,000 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Adecoagro by 9.6% during the 4th quarter. Principal Securities Inc. now owns 33,886 shares of the company's stock worth $320,000 after buying an additional 2,970 shares during the period. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Trading Down 1.3%

NYSE AGRO traded down $0.12 during trading on Friday, reaching $9.20. 659,331 shares of the stock traded hands, compared to its average volume of 842,138. The firm has a market cap of $919.94 million, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The stock's 50-day moving average price is $10.13 and its 200 day moving average price is $10.22. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a fifty-two week low of $8.45 and a fifty-two week high of $12.08.

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. The ex-dividend date was Friday, May 2nd. This represents a yield of 3%. This is a positive change from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's payout ratio is presently 56.45%.

Analyst Ratings Changes

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

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.