Point72 Asset Management L.P. Has $563,000 Stake in Adecoagro S.A. (NYSE:AGRO)

Point72 Asset Management L.P. increased its stake in Adecoagro S.A. (NYSE:AGRO) by 36.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,723 shares of the company’s stock after acquiring an additional 15,923 shares during the quarter. Point72 Asset Management L.P. owned 0.06% of Adecoagro worth $563,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Banco Santander S.A. bought a new stake in shares of Adecoagro in the 4th quarter valued at $73,714,000. Helikon Investments Ltd increased its stake in shares of Adecoagro by 0.5% in the 4th quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company’s stock valued at $65,792,000 after acquiring an additional 35,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Adecoagro by 68.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company’s stock valued at $16,609,000 after acquiring an additional 714,911 shares in the last quarter. 683 Capital Management LLC increased its stake in shares of Adecoagro by 6.2% in the 4th quarter. 683 Capital Management LLC now owns 600,000 shares of the company’s stock valued at $5,658,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Causeway Capital Management LLC increased its stake in shares of Adecoagro by 88.8% in the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company’s stock valued at $5,350,000 after acquiring an additional 266,816 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO stock opened at $9.50 on Friday. The firm has a market capitalization of $949.93 million, a PE ratio of 6.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The firm has a fifty day simple moving average of $10.31 and a two-hundred day simple moving average of $10.30. 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 12 month low of $8.45 and a 12 month high of $12.08.

Adecoagro Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.175 per share. This represents a yield of 3%. The ex-dividend date was Friday, May 2nd. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s payout ratio is 56.45%.

Analyst Ratings Changes

Several analysts have recently weighed in on AGRO shares. Morgan Stanley lowered shares of Adecoagro from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $13.00 to $10.00 in a research note on Monday, April 28th. Bank of America lowered shares of Adecoagro from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $10.80 in a research note on Friday, April 25th. UBS Group lowered their price objective on shares of Adecoagro from $10.50 to $9.90 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, Adecoagro presently has an average rating of “Hold” and an average price target of $10.55.

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.