Adecoagro S.A. (NYSE:AGRO) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Adecoagro S.A. (NYSE:AGRO - Free Report) by 68.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,761,337 shares of the company's stock after acquiring an additional 714,911 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.69% of Adecoagro worth $16,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGRO. Ping Capital Management Inc. boosted its stake 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 valued at $990,000 after purchasing an additional 2,000 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Adecoagro by 26.3% in the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company's stock valued at $126,000 after acquiring an additional 2,794 shares during the period. Principal Securities Inc. raised its position in shares of Adecoagro by 9.6% in the 4th quarter. Principal Securities Inc. now owns 33,886 shares of the company's stock worth $320,000 after acquiring an additional 2,970 shares in the last quarter. Blue Trust Inc. lifted its stake 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 purchasing an additional 6,387 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Adecoagro during the 4th quarter worth $70,000. 45.25% of the stock is currently owned by institutional investors.

Adecoagro Stock Up 0.6%

Shares of AGRO traded up $0.06 during mid-day trading on Wednesday, hitting $9.48. 175,671 shares of the company traded hands, compared to its average volume of 839,465. The company has a market capitalization of $947.43 million, a PE ratio of 6.31, 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 business has a 50 day moving average of $10.36 and a 200 day moving average of $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 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 dividend of $0.175 per share. 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. This represents a yield of 3%. Adecoagro's dividend payout ratio is presently 56.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AGRO shares. UBS Group reduced their target price 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. Morgan Stanley downgraded shares of Adecoagro from an "equal weight" rating to an "underweight" rating and cut their price objective 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 target price for the company from $12.00 to $10.80 in a research report on Friday, April 25th. Finally, StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, Adecoagro has an average rating of "Hold" and a consensus 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.