Adecoagro (NYSE:AGRO) Shares Gap Up to $9.73

Adecoagro S.A. (NYSE:AGRO) shares gapped up before the market opened on Monday . The stock had previously closed at $9.73, but opened at $10.13. Adecoagro shares last traded at $10.04, with a volume of 157,835 shares traded.

Analysts Set New Price Targets

AGRO has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of Adecoagro from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $10.50 to $11.50 in a report on Monday. StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.50.

Adecoagro Trading Down 0.9 %

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 4.17, a PEG ratio of 1.46 and a beta of 1.10. The company has a quick ratio of 1.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $10.05 and its 200 day simple moving average is $10.36.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.22 EPS for the quarter. The firm had revenue of $261.78 million during the quarter. Adecoagro had a net margin of 19.18% and a return on equity of 10.55%. On average, research analysts expect that Adecoagro S.A. will post 1.74 EPS for the current fiscal year.

Adecoagro Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, May 29th. Shareholders of record on Tuesday, May 14th were paid a $0.1682 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a yield of 2.9%. This is a boost from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s dividend payout ratio (DPR) is currently 14.41%.

Hedge Funds Weigh In On Adecoagro

Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Adecoagro by 168.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock valued at $52,000 after purchasing an additional 2,923 shares during the period. Sei Investments Co. raised its position in shares of Adecoagro by 13.6% in the first quarter. Sei Investments Co. now owns 71,537 shares of the company’s stock valued at $788,000 after purchasing an additional 8,559 shares during the period. Claret Asset Management Corp raised its position in shares of Adecoagro by 3.1% in the fourth quarter. Claret Asset Management Corp now owns 300,512 shares of the company’s stock valued at $3,336,000 after purchasing an additional 9,110 shares during the period. Inspire Investing LLC raised its position in shares of Adecoagro by 15.8% in the first quarter. Inspire Investing LLC now owns 80,977 shares of the company’s stock valued at $892,000 after purchasing an additional 11,066 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Adecoagro in the first quarter valued at about $128,000. 45.25% of the stock is owned by institutional investors.

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.