Helikon Investments Ltd Has $65.79 Million Position in Adecoagro S.A. (NYSE:AGRO)

Helikon Investments Ltd lifted its stake in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,976,857 shares of the company's stock after buying an additional 35,000 shares during the quarter. Adecoagro comprises approximately 6.8% of Helikon Investments Ltd's investment portfolio, making the stock its 6th largest holding. Helikon Investments Ltd owned about 6.70% of Adecoagro worth $65,792,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AGRO. Blue Trust Inc. grew its holdings in shares of Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after acquiring an additional 6,387 shares in the last quarter. Rockingstone Advisors LLC bought a new position in shares of Adecoagro in the fourth quarter worth $170,000. B. Riley Wealth Advisors Inc. increased its position in shares of Adecoagro by 1.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company's stock worth $1,657,000 after purchasing an additional 1,900 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Adecoagro in the third quarter valued at approximately $37,000. Finally, Point72 Asset Management L.P. raised its stake in Adecoagro by 84.0% in the third quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company's stock valued at $485,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group started coverage on shares of Adecoagro in a report on Monday, October 14th. They issued a "neutral" rating and a $12.00 price target 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $12.63.

Adecoagro Trading Up 0.1 %

Shares of AGRO traded up $0.01 during mid-day trading on Monday, reaching $9.47. The company's stock had a trading volume of 425,823 shares, compared to its average volume of 466,067. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.07. The company's fifty day moving average price is $10.14 and its two-hundred day moving average price is $10.60. The stock has a market cap of $985.69 million, a PE ratio of 6.31, a P/E/G ratio of 1.01 and a beta of 1.04.

Adecoagro Increases Dividend

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

About Adecoagro

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.