JPMorgan Chase & Co. Reduces Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

JPMorgan Chase & Co. reduced its holdings in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 477,552 shares of the company's stock after selling 162,417 shares during the period. JPMorgan Chase & Co. owned 0.46% of Adecoagro worth $4,503,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AGRO. Banco Santander S.A. purchased a new stake in shares of Adecoagro in the 4th quarter worth approximately $73,714,000. Helikon Investments Ltd grew its stake in shares of Adecoagro by 0.5% in the fourth quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock worth $65,792,000 after acquiring an additional 35,000 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Adecoagro by 1.3% in the 3rd 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. Ping Capital Management Inc. grew its position in Adecoagro by 1.9% during the 4th quarter. Ping Capital Management Inc. now owns 105,000 shares of the company's stock valued at $990,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Carrera Capital Advisors bought a new position in shares of Adecoagro in the fourth quarter worth approximately $887,000. Institutional investors own 45.25% of the company's stock.

Wall Street Analysts Forecast Growth

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

Adecoagro Price Performance

Adecoagro stock traded up $0.06 during mid-day trading on Thursday, hitting $11.71. The stock had a trading volume of 66,836 shares, compared to its average volume of 802,365. The firm's 50 day moving average is $10.94 and its 200 day moving average is $10.62. The firm has a market capitalization of $1.17 billion, a P/E ratio of 7.82, a P/E/G ratio of 1.43 and a beta of 0.65. Adecoagro S.A. has a one year low of $8.72 and a one year high of $12.08. 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 Increases Dividend

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

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.