Charles Schwab Investment Management Inc. Sells 204,667 Shares of Adecoagro S.A. (NYSE:AGRO)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 49.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,498 shares of the company's stock after selling 204,667 shares during the period. Charles Schwab Investment Management Inc. owned 0.20% of Adecoagro worth $1,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AGRO. Public Employees Retirement System of Ohio bought a new stake in Adecoagro during the third quarter worth approximately $37,000. Point72 Hong Kong Ltd grew its holdings in shares of Adecoagro by 21.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock worth $58,000 after acquiring an additional 933 shares during the last quarter. R Squared Ltd acquired a new position in shares of Adecoagro in the 4th quarter worth $70,000. Blue Trust Inc. raised its position in shares of Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock worth $129,000 after purchasing an additional 6,387 shares during the period. Finally, Rockingstone Advisors LLC acquired a new position in shares of Adecoagro in the 4th quarter valued at $170,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Stock Performance

Shares of AGRO stock traded up $0.01 during trading on Wednesday, reaching $11.36. The company had a trading volume of 729,154 shares, compared to its average volume of 753,483. The company has a market capitalization of $1.18 billion, a PE ratio of 7.57, a PEG ratio of 1.43 and a beta of 0.65. 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's 50 day simple moving average is $10.43 and its two-hundred day simple moving average is $10.64. Adecoagro S.A. has a one year low of $8.72 and a one year high of $12.08.

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Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a $0.175 dividend. This represents a dividend yield of 3%. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, May 2nd. Adecoagro's payout ratio is presently 39.33%.

Analysts Set New Price Targets

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

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.