Insigneo Advisory Services LLC Invests $1.06 Million in Adecoagro S.A. (NYSE:AGRO)

Insigneo Advisory Services LLC bought a new position in Adecoagro S.A. (NYSE:AGRO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 94,520 shares of the company's stock, valued at approximately $1,056,000. Insigneo Advisory Services LLC owned approximately 0.09% of Adecoagro at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Banco Santander S.A. acquired a new stake in Adecoagro in the fourth quarter valued at approximately $73,714,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Adecoagro by 68.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock valued at $16,609,000 after purchasing an additional 714,911 shares during the last quarter. Causeway Capital Management LLC raised its stake in Adecoagro by 88.8% during the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after purchasing an additional 266,816 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Adecoagro in the 4th quarter valued at $1,435,000. Finally, Dauntless Investment Group LLC bought a new stake in Adecoagro in the 4th quarter valued at $1,121,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Bank of America lowered shares of Adecoagro from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $12.00 to $10.80 in a report on Friday, April 25th. UBS Group cut their target price on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley downgraded shares of Adecoagro from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $13.00 to $10.00 in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Adecoagro currently has a consensus rating of "Hold" and a consensus target price of $10.55.

Adecoagro Trading Down 1.3%

Shares of NYSE:AGRO traded down $0.13 during mid-day trading on Friday, reaching $9.38. The stock had a trading volume of 393,524 shares, compared to its average volume of 825,727. The firm has a market cap of $937.41 million, a PE ratio of 15.12 and a beta of 0.71. The firm has a 50 day simple moving average of $9.61 and a two-hundred day simple moving average of $10.04. The company has a current ratio of 1.98, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. Adecoagro S.A. has a twelve month low of $8.45 and a twelve month high of $12.08.

Adecoagro Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $0.175 dividend. This represents a dividend yield of 3%. This is an increase from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend was Friday, May 2nd. Adecoagro's dividend payout ratio (DPR) is currently 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.