Adecoagro (NYSE:AGRO) Releases Quarterly Earnings Results

Adecoagro (NYSE:AGRO) posted its earnings results on Tuesday. The company reported $0.26 EPS for the quarter, Zacks reports. Adecoagro had a return on equity of 3.24% and a net margin of 2.30%.

Adecoagro Price Performance

AGRO stock traded up $0.14 during midday trading on Tuesday, reaching $8.16. The stock had a trading volume of 254,548 shares, compared to its average volume of 651,448. Adecoagro has a 52-week low of $7.42 and a 52-week high of $11.78. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $7.95 and its 200 day simple moving average is $8.73. The company has a market cap of $815.92 million, a price-to-earnings ratio of 23.31 and a beta of 0.62.

Adecoagro Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 3rd will be paid a $0.1749 dividend. This represents a yield of 444.0%. The ex-dividend date of this dividend is Monday, November 3rd. Adecoagro’s dividend payout ratio is currently 100.00%.

Institutional Investors Weigh In On Adecoagro

A number of hedge funds have recently modified their holdings of the business. State of Wyoming lifted its stake in shares of Adecoagro by 44.9% in the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Adecoagro by 48.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock valued at $969,000 after acquiring an additional 28,275 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Adecoagro by 229,180.4% in the 2nd quarter. Lazard Asset Management LLC now owns 116,933 shares of the company’s stock worth $1,068,000 after purchasing an additional 116,882 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Adecoagro by 115.7% during the 2nd quarter. Engineers Gate Manager LP now owns 191,927 shares of the company’s stock worth $1,754,000 after purchasing an additional 102,955 shares during the last quarter. Finally, HRT Financial LP boosted its holdings in shares of Adecoagro by 203.0% during the 2nd quarter. HRT Financial LP now owns 227,889 shares of the company’s stock worth $2,082,000 after purchasing an additional 152,672 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGRO has been the subject of a number of analyst reports. UBS Group reduced their price target on Adecoagro from $9.90 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, September 3rd. Wall Street Zen downgraded Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, September 7th. Morgan Stanley decreased their target price on Adecoagro from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average target price of $9.60.

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.