Adecoagro (NYSE:AGRO) Shares Up 3.1% – Time to Buy?

Adecoagro S.A. (NYSE:AGRO)’s stock price rose 3.1% on Friday . The company traded as high as $11.08 and last traded at $11.08. Approximately 31,209 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 722,144 shares. The stock had previously closed at $10.75.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AGRO shares. StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. UBS Group assumed coverage on Adecoagro in a research report on Monday, October 14th. They issued a “neutral” rating and a $12.00 price objective for the company. Morgan Stanley lowered Adecoagro from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. Finally, Bank of America lowered their price target on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a report on Monday, September 9th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and an average target price of $12.63.

Adecoagro Trading Up 5.8 %

The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 1.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 2.42. The company has a 50 day moving average price of $11.36 and a two-hundred day moving average price of $10.52.

Adecoagro Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.174 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This is a positive change from Adecoagro’s previous Semi-Annual dividend of $0.16. This represents a dividend yield of 2.9%. Adecoagro’s payout ratio is currently 23.33%.

Institutional Trading of Adecoagro

A number of hedge funds have recently bought and sold shares of AGRO. Helikon Investments Ltd boosted its stake in Adecoagro by 169.2% during the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after buying an additional 4,363,628 shares during the last quarter. Herr Investment Group LLC raised its holdings in shares of Adecoagro by 30.3% during the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock worth $25,780,000 after acquiring an additional 616,345 shares during the period. Discovery Capital Management LLC CT boosted 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 valued at $23,124,000 after acquiring an additional 667,878 shares during the last quarter. Boston Partners grew its holdings in shares of Adecoagro by 410.7% in the first quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after purchasing an additional 546,465 shares during the period. Finally, Citigroup Inc. increased its position in Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after purchasing an additional 263,125 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.