Nebula Research & Development LLC Cuts Holdings in Adecoagro S.A. (NYSE:AGRO)

Nebula Research & Development LLC decreased its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,821 shares of the company's stock after selling 42,023 shares during the quarter. Nebula Research & Development LLC owned 0.07% of Adecoagro worth $677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AGRO. R Squared Ltd purchased 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 purchased a new stake in shares of Adecoagro in the 4th quarter worth about $126,000. Blue Trust Inc. grew its stake in Adecoagro by 87.2% in the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after acquiring an additional 6,387 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Adecoagro during the 4th quarter valued at about $163,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group reduced their price target on shares of Adecoagro from $10.50 to $9.90 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Bank of America cut Adecoagro from a "buy" rating to an "underperform" rating and lowered their target price for the company from $12.00 to $10.80 in a report on Friday, April 25th. Morgan Stanley cut Adecoagro from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $13.00 to $10.00 in a report on Monday, April 28th. Finally, StockNews.com cut Adecoagro from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, Adecoagro has an average rating of "Hold" and an average target price of $10.55.

Adecoagro Trading Down 3.7 %

Shares of AGRO stock traded down $0.34 during mid-day trading on Friday, hitting $8.84. 1,282,211 shares of the company's stock were exchanged, compared to its average volume of 840,295. The stock has a market cap of $883.94 million, a price-to-earnings ratio of 5.89, 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 S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.08. The stock has a 50-day simple moving average of $10.81 and a two-hundred day simple moving average of $10.54.

Adecoagro Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a $0.175 dividend. This is a boost 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 39.33%.

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.