Adecoagro (NYSE:AGRO) Shares Gap Down - Here's Why

Shares of Adecoagro S.A. (NYSE:AGRO - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $11.69, but opened at $11.01. Adecoagro shares last traded at $10.47, with a volume of 496,510 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on AGRO. StockNews.com downgraded shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Morgan Stanley downgraded shares of Adecoagro from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $13.00 to $10.00 in a research note on Monday. Finally, Bank of America downgraded shares of Adecoagro from a "buy" rating to an "underperform" rating and reduced their price objective for the stock from $12.00 to $10.80 in a research note on Friday. Two equities research 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, the company currently has a consensus rating of "Hold" and an average price target of $11.08.

Adecoagro Trading Down 4.9 %

The business's fifty day moving average is $10.93 and its 200-day moving average is $10.59. The firm has a market cap of $942.93 million, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40.

Adecoagro Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.175 dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. This is a positive change from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's dividend payout ratio (DPR) is 39.33%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Comprehensive Money Management Services LLC raised its holdings in Adecoagro by 17.2% during the 1st quarter. Comprehensive Money Management Services LLC now owns 57,630 shares of the company's stock worth $644,000 after purchasing an additional 8,450 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in shares of Adecoagro during the 1st quarter worth about $1,056,000. NBC Securities Inc. boosted its position in shares of Adecoagro by 143,775.0% during the 1st quarter. NBC Securities Inc. now owns 5,755 shares of the company's stock worth $64,000 after purchasing an additional 5,751 shares in the last quarter. Vise Technologies Inc. bought a new position in shares of Adecoagro during the 4th quarter worth about $153,000. Finally, PharVision Advisers LLC bought a new position in shares of Adecoagro during the 4th quarter worth about $225,000. Institutional investors own 45.25% of the company's stock.

About Adecoagro

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.