Adecoagro S.A. (NYSE:AGRO) Stake Raised by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 14,282.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,771 shares of the company's stock after buying an additional 155,681 shares during the period. BNP Paribas Financial Markets owned about 0.15% of Adecoagro worth $1,735,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ping Capital Management Inc. acquired a new position in shares of Adecoagro in the 2nd quarter valued at about $1,099,000. Citigroup Inc. boosted its stake in Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company's stock valued at $5,536,000 after acquiring an additional 263,125 shares during the period. Herr Investment Group LLC grew its holdings in shares of Adecoagro by 30.3% during the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company's stock valued at $25,780,000 after purchasing an additional 616,345 shares during the last quarter. Discovery Capital Management LLC CT raised its position in shares of Adecoagro by 39.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company's stock worth $23,124,000 after purchasing an additional 667,878 shares during the period. Finally, Helikon Investments Ltd lifted its holdings 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 worth $76,846,000 after purchasing an additional 4,363,628 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.

Wall Street Analyst Weigh In

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

Adecoagro Stock Performance

Shares of AGRO traded down $0.27 during trading hours on Friday, reaching $10.49. 513,381 shares of the company's stock traded hands, compared to its average volume of 613,007. Adecoagro S.A. has a twelve month low of $8.72 and a twelve month high of $12.23. The business's fifty day simple moving average is $11.21 and its two-hundred day simple moving average is $10.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 6.99, a P/E/G ratio of 1.21 and a beta of 1.03.

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 $0.174 dividend. This is a positive change from Adecoagro's previous Semi-Annual dividend of $0.16. This represents a dividend yield of 2.9%. The ex-dividend date was Tuesday, November 12th. Adecoagro's dividend payout ratio is currently 22.67%.

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.