Adecoagro S.A. (NYSE:AGRO) Declares Semi-Annual Dividend of $0.17

Adecoagro S.A. (NYSE:AGRO - Get Free Report) announced a Semi-Annual dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.174 per share on Wednesday, November 27th. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Adecoagro's previous Semi-Annual dividend of $0.16.

Adecoagro has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Adecoagro to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 22.4%.

Adecoagro Stock Down 0.1 %

Shares of NYSE:AGRO traded down $0.01 during trading on Friday, hitting $11.49. The stock had a trading volume of 411,804 shares, compared to its average volume of 653,449. The company has a market capitalization of $1.20 billion, a PE ratio of 5.69, a PEG ratio of 1.19 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The firm's fifty day moving average is $11.36 and its 200 day moving average is $10.51. Adecoagro has a 12 month low of $8.72 and a 12 month high of $12.51.

Adecoagro (NYSE:AGRO - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. The business had revenue of $411.42 million during the quarter. Analysts anticipate that Adecoagro will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Bank of America dropped their price target on Adecoagro from $15.50 to $14.50 and set a "buy" rating on the stock in a research report on Monday, September 9th. 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. Finally, UBS Group initiated coverage on Adecoagro in a report on Monday, October 14th. They issued a "neutral" rating and a $12.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Adecoagro has a consensus rating of "Hold" and a consensus 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.