Adecoagro (NYSE:AGRO) Shares Gap Up - What's Next?

Adecoagro S.A. (NYSE:AGRO - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.15, but opened at $11.60. Adecoagro shares last traded at $11.46, with a volume of 1,234,812 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com lowered Adecoagro from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $12.63.

Adecoagro Trading Down 1.5 %

The company has a 50 day moving average of $10.32 and a 200 day moving average of $10.64. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.44, a P/E/G ratio of 1.43 and a beta of 0.98.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a $0.175 dividend. 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. This represents a dividend yield of 3%. Adecoagro's dividend payout ratio is 39.33%.

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Hedge Funds Weigh In On Adecoagro

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Adecoagro during the 3rd quarter worth $37,000. Point72 Hong Kong Ltd boosted its holdings in Adecoagro by 21.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock valued at $58,000 after purchasing an additional 933 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Adecoagro during the 4th quarter worth approximately $70,000. OLD Mission Capital LLC purchased a new stake in shares of Adecoagro during the 4th quarter valued at approximately $108,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Adecoagro in the fourth quarter valued at approximately $126,000. Institutional investors and hedge funds own 45.25% of the company's stock.

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.