D. E. Shaw & Co. Inc. Has $4 Million Stake in Adecoagro S.A. (NYSE:AGRO)

D. E. Shaw & Co. Inc. lessened its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 423,969 shares of the company's stock after selling 132,668 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.41% of Adecoagro worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AGRO. R Squared Ltd bought a new stake in Adecoagro during the fourth quarter worth $70,000. OLD Mission Capital LLC acquired a new position in shares of Adecoagro during the 4th quarter worth $108,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adecoagro during the 4th quarter worth $126,000. Blue Trust Inc. lifted 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 last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Adecoagro during the 4th quarter worth $163,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Analyst Ratings Changes

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

Adecoagro Trading Down 0.4%

Shares of AGRO stock traded down $0.04 during mid-day trading on Wednesday, reaching $9.39. 589,029 shares of the stock traded hands, compared to its average volume of 841,023. The company has a market cap of $938.43 million, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. 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 stock's fifty day simple moving average is $10.36 and its two-hundred day simple moving average is $10.32. Adecoagro S.A. has a 1-year low of $8.45 and a 1-year high of $12.08.

Adecoagro Increases Dividend

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