Adecoagro S.A. (NYSE:AGRO) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,969 shares of the company's stock after selling 132,668 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.41% of Adecoagro worth $3,998,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. R Squared Ltd purchased a new position in Adecoagro during the fourth quarter worth approximately $70,000. OLD Mission Capital LLC purchased a new position in Adecoagro during the fourth quarter worth approximately $108,000. Dynamic Technology Lab Private Ltd purchased a new position in Adecoagro during the fourth quarter worth approximately $126,000. Blue Trust Inc. boosted its position in Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock worth $129,000 after purchasing an additional 6,387 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Adecoagro during the fourth quarter worth approximately $163,000. Hedge funds and other institutional investors own 45.25% of the company's stock.

Adecoagro Price Performance

Shares of Adecoagro stock traded up $0.01 during mid-day trading on Friday, reaching $9.51. 284,192 shares of the stock traded hands, compared to its average volume of 839,725. The business has a 50-day moving average of $10.29 and a 200 day moving average of $10.29. Adecoagro S.A. has a fifty-two week low of $8.45 and a fifty-two week high of $12.08. The stock has a market capitalization of $950.43 million, a PE ratio of 6.34, a PEG 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.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a $0.175 dividend. This represents a dividend yield of 3%. 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. Adecoagro's dividend payout ratio (DPR) is currently 56.45%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Bank of America cut Adecoagro from a "buy" rating to an "underperform" rating and reduced their target price for the company from $12.00 to $10.80 in a report on Friday, April 25th. Wall Street Zen cut Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Morgan Stanley cut Adecoagro from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $13.00 to $10.00 in a report on Monday, April 28th. Finally, UBS Group reduced their target price on Adecoagro from $10.50 to $9.90 and set a "neutral" rating for the company 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.55.

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.