Adecoagro (NYSE:AGRO) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Adecoagro (NYSE:AGRO) from a hold rating to a buy rating in a report issued on Monday morning.

Adecoagro Price Performance

Adecoagro stock opened at $11.30 on Monday. Adecoagro has a one year low of $8.33 and a one year high of $12.51. The business has a fifty day moving average price of $10.78 and a 200-day moving average price of $10.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20. The firm has a market capitalization of $1.18 billion, a P/E ratio of 5.35 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $263.95 million for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. As a group, equities research analysts forecast that Adecoagro will post 1.69 EPS for the current year.

Adecoagro Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 29th. Investors of record on Tuesday, May 14th will be paid a dividend of $0.1682 per share. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date is Monday, May 13th. This represents a yield of 2.9%. Adecoagro’s dividend payout ratio (DPR) is currently 15.64%.

Institutional Investors Weigh In On Adecoagro

Several large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in Adecoagro by 0.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 275,063 shares of the company’s stock valued at $3,215,000 after buying an additional 1,280 shares during the period. Tower Research Capital LLC TRC lifted its stake in Adecoagro by 168.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,659 shares of the company’s stock worth $52,000 after purchasing an additional 2,923 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Adecoagro by 1.5% during the third quarter. Hsbc Holdings PLC now owns 205,807 shares of the company’s stock worth $2,408,000 after purchasing an additional 2,998 shares during the last quarter. NBC Securities Inc. bought a new stake in Adecoagro during the third quarter worth about $54,000. Finally, Sei Investments Co. lifted its stake in Adecoagro by 13.6% during the first quarter. Sei Investments Co. now owns 71,537 shares of the company’s stock worth $788,000 after purchasing an additional 8,559 shares during the last quarter. Institutional investors 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.