Adecoagro S.A. (NYSE:AGRO) Shares Sold by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT cut its stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,222,620 shares of the company's stock after selling 61,374 shares during the quarter. Discovery Capital Management LLC CT owned approximately 1.17% of Adecoagro worth $11,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in Adecoagro in the 3rd quarter worth approximately $37,000. Point72 Hong Kong Ltd grew its stake in shares of Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock worth $58,000 after purchasing an additional 933 shares in the last quarter. R Squared Ltd bought a new stake in shares of Adecoagro during the fourth quarter valued at about $70,000. OLD Mission Capital LLC acquired a new stake in Adecoagro in the fourth quarter worth about $108,000. Finally, Blue Trust Inc. grew its position 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 buying an additional 6,387 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $12.63.

Adecoagro Price Performance

Adecoagro stock traded down $0.35 during midday trading on Friday, hitting $11.07. The company's stock had a trading volume of 2,071,858 shares, compared to its average volume of 761,999. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.08. 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 company has a market capitalization of $1.15 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65. The stock's 50-day moving average price is $10.50 and its 200-day moving average price is $10.64.

Adecoagro Increases Dividend

The firm also recently announced 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 is an increase from Adecoagro's previous semi-annual dividend of $0.17. This represents a dividend yield of 3%. The ex-dividend date is Friday, May 2nd. Adecoagro's payout ratio is presently 39.33%.

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.