Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,370,000 shares, an increase of 7.9% from the October 31st total of 1,270,000 shares. Based on an average trading volume of 731,100 shares, the short-interest ratio is presently 1.9 days. Approximately 1.6% of the shares of the stock are short sold.

Adecoagro Trading Down 1.3 %

Shares of Adecoagro stock traded down $0.14 during trading hours on Wednesday, reaching $10.80. 144,476 shares of the company’s stock were exchanged, compared to its average volume of 715,885. Adecoagro has a 52-week low of $8.72 and a 52-week high of $12.51. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 7.21, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. The company has a fifty day moving average of $11.26 and a 200-day moving average of $10.51. 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 Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.174 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Adecoagro’s previous Semi-Annual dividend of $0.16. Adecoagro’s dividend payout ratio is currently 22.67%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Adecoagro in the 3rd quarter worth $37,000. Point72 Asset Management L.P. raised its position in Adecoagro by 84.0% in the third quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company’s stock valued at $485,000 after purchasing an additional 20,000 shares during the period. Point72 Hong Kong Ltd raised its position in Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after purchasing an additional 933 shares during the period. BNP Paribas Financial Markets raised its position in Adecoagro by 14,282.7% in the third quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock valued at $1,735,000 after purchasing an additional 155,681 shares during the period. Finally, Citigroup Inc. raised its position in Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after purchasing an additional 263,125 shares during the period. 45.25% of the stock is owned by hedge funds and other institutional investors.

About Adecoagro

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.