Invesco Ltd. Has $3 Million Stake in Adecoagro S.A. (NYSE:AGRO)

Invesco Ltd. lessened its holdings in Adecoagro S.A. (NYSE:AGRO - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 318,419 shares of the company's stock after selling 318,699 shares during the period. Invesco Ltd. owned 0.31% of Adecoagro worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Banco Santander S.A. bought a new position in shares of Adecoagro in the fourth quarter valued at about $73,714,000. Helikon Investments Ltd raised its holdings in Adecoagro by 0.5% in the 4th quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock valued at $65,792,000 after acquiring an additional 35,000 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in Adecoagro by 1.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company's stock worth $1,657,000 after acquiring an additional 1,900 shares during the last quarter. Ping Capital Management Inc. boosted its holdings in shares of Adecoagro by 1.9% during the fourth quarter. Ping Capital Management Inc. now owns 105,000 shares of the company's stock worth $990,000 after acquiring an additional 2,000 shares during the period. Finally, Carrera Capital Advisors bought a new stake in shares of Adecoagro during the fourth quarter worth approximately $887,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Price Performance

NYSE AGRO traded down $0.13 on Friday, hitting $8.89. 405,262 shares of the company's stock were exchanged, compared to its average volume of 836,828. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.08. The stock has a market cap of $888.44 million, a price-to-earnings ratio of 5.93, a P/E/G ratio of 1.43 and a beta of 0.65. The stock has a 50-day moving average of $10.85 and a 200-day moving average of $10.56.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.175 per share. This is an increase from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, May 2nd. This represents a yield of 3%. Adecoagro's payout ratio is presently 39.33%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AGRO shares. Morgan Stanley cut Adecoagro from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $13.00 to $10.00 in a report on Monday. StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group lowered their price target on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Bank of America cut shares of Adecoagro from a "buy" rating to an "underperform" rating and dropped their price objective 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 an average target price 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.