Adecoagro S.A. (NYSE:AGRO) Shares Bought by Citigroup Inc.

Citigroup Inc. grew its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 111.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,113 shares of the company's stock after purchasing an additional 263,125 shares during the quarter. Citigroup Inc. owned approximately 0.48% of Adecoagro worth $5,536,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Helikon Investments Ltd lifted its stake in shares of Adecoagro by 169.2% in the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company's stock valued at $76,846,000 after purchasing an additional 4,363,628 shares during the period. Herr Investment Group LLC raised its holdings in shares of Adecoagro by 30.3% in the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company's stock worth $25,780,000 after acquiring an additional 616,345 shares during the last quarter. Discovery Capital Management LLC CT boosted its position in shares of Adecoagro by 39.1% during the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company's stock valued at $23,124,000 after buying an additional 667,878 shares during the last quarter. Boston Partners grew its stake in shares of Adecoagro by 410.7% in the 1st quarter. Boston Partners now owns 679,537 shares of the company's stock worth $7,489,000 after acquiring an additional 546,465 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Adecoagro by 71.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 353,010 shares of the company's stock valued at $3,435,000 after buying an additional 147,128 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Trading Down 0.9 %

Shares of NYSE AGRO traded down $0.10 during trading hours on Monday, hitting $10.80. 537,271 shares of the company traded hands, compared to its average volume of 717,170. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.51. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The company's 50 day moving average price is $11.29 and its 200 day moving average price is $10.51.

Adecoagro Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.174 per share. This represents a dividend yield of 2.9%. The ex-dividend date was Tuesday, November 12th. This is an increase from Adecoagro's previous Semi-Annual dividend of $0.16. Adecoagro's payout ratio is currently 23.33%.

Analysts Set New Price Targets

AGRO has been the subject of several research analyst reports. StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. UBS Group began coverage on Adecoagro in a research report on Monday, October 14th. They issued a "neutral" rating and a $12.00 price objective for the company. Bank of America dropped their target price on shares of Adecoagro from $15.50 to $14.50 and set a "buy" rating for the company in a research report on Monday, September 9th. Finally, Morgan Stanley lowered Adecoagro from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.63.

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.