Cubist Systematic Strategies LLC Purchases 105,134 Shares of Adecoagro S.A. (NYSE:AGRO)

Cubist Systematic Strategies LLC raised its position in shares of Adecoagro S.A. (NYSE:AGRO) by 586.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 123,050 shares of the company’s stock after buying an additional 105,134 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Adecoagro were worth $1,160,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Ping Capital Management Inc. boosted its position in Adecoagro by 1.9% during the fourth quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock valued at $990,000 after acquiring an additional 2,000 shares during the last quarter. Principal Securities Inc. boosted its position in Adecoagro by 9.6% during the fourth quarter. Principal Securities Inc. now owns 33,886 shares of the company’s stock valued at $320,000 after acquiring an additional 2,970 shares during the last quarter. Blue Trust Inc. boosted its position in Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after acquiring an additional 6,387 shares during the last quarter. R Squared Ltd bought a new stake in Adecoagro during the fourth quarter valued at $70,000. Finally, OLD Mission Capital LLC bought a new stake in Adecoagro during the fourth quarter valued at $108,000. Institutional investors own 45.25% of the company’s stock.

Adecoagro Price Performance

AGRO stock opened at $8.96 on Wednesday. The stock has a market capitalization of $895.94 million, a PE ratio of 5.97, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. The company’s 50-day moving average is $10.53 and its 200-day moving average is $10.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. Adecoagro S.A. has a 1 year low of $8.45 and a 1 year high of $12.08.

Adecoagro Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $0.175 dividend. This represents a dividend yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s dividend payout ratio is currently 39.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Bank of America cut shares of Adecoagro from a “buy” rating to an “underperform” rating and cut their price objective for the stock from $12.00 to $10.80 in a research report on Friday, April 25th. UBS Group cut their price objective on shares of Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Morgan Stanley cut shares of Adecoagro from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $13.00 to $10.00 in a research report on Monday, April 28th. Finally, StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.