Adecoagro (NYSE:AGRO) Stock Price Down 6.5% – Time to Sell?

Adecoagro S.A. (NYSE:AGRO)’s stock price fell 6.5% on Tuesday . The company traded as low as $10.33 and last traded at $10.1890. 114,810 shares were traded during trading, a decline of 90% from the average session volume of 1,183,341 shares. The stock had previously closed at $10.90.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AGRO. Weiss Ratings raised shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Citigroup cut shares of Adecoagro from a “buy” rating to a “neutral” rating and upped their price target for the stock from $13.00 to $15.00 in a research note on Tuesday, April 14th. Wall Street Zen raised shares of Adecoagro from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research cut shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Adecoagro currently has a consensus rating of “Hold” and an average price target of $12.12.

Adecoagro Stock Performance

The company has a market capitalization of $1.38 billion, a PE ratio of 482.69 and a beta of -0.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.74. The stock’s fifty day simple moving average is $12.89 and its 200-day simple moving average is $10.72.

Adecoagro (NYSE:AGRO) last released its earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). The firm had revenue of $419.45 million during the quarter, compared to analysts’ expectations of $408.94 million. Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. As a group, equities analysts predict that Adecoagro S.A. will post 1.45 earnings per share for the current year.

Adecoagro Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th were issued a $0.1213 dividend. This represents a yield of 160.0%. The ex-dividend date was Monday, May 4th. Adecoagro’s dividend payout ratio is 1,200.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC purchased a new position in Adecoagro in the 4th quarter valued at about $88,000. Quadrature Capital Ltd purchased a new position in Adecoagro in the 4th quarter valued at about $123,000. Virtu Financial LLC purchased a new position in Adecoagro in the 4th quarter valued at about $147,000. State of Wyoming lifted its holdings in Adecoagro by 44.9% in the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after purchasing an additional 5,334 shares in the last quarter. Finally, Savant Capital LLC purchased a new position in Adecoagro in the 4th quarter valued at about $159,000. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.