D. E. Shaw & Co. Inc. Sells 132,668 Shares of Adecoagro S.A. (NYSE:AGRO)

D. E. Shaw & Co. Inc. lessened its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 23.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 423,969 shares of the company’s stock after selling 132,668 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Adecoagro were worth $3,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cubist Systematic Strategies LLC raised its stake in Adecoagro by 586.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 123,050 shares of the company’s stock valued at $1,160,000 after buying an additional 105,134 shares during the period. BNP Paribas Financial Markets raised its stake in Adecoagro by 48.5% in the fourth quarter. BNP Paribas Financial Markets now owns 232,746 shares of the company’s stock valued at $2,195,000 after buying an additional 75,975 shares during the period. 683 Capital Management LLC raised its stake in Adecoagro by 6.2% in the fourth quarter. 683 Capital Management LLC now owns 600,000 shares of the company’s stock valued at $5,658,000 after buying an additional 35,000 shares during the period. Jane Street Group LLC raised its stake in Adecoagro by 193.2% in the fourth quarter. Jane Street Group LLC now owns 156,886 shares of the company’s stock valued at $1,479,000 after buying an additional 103,378 shares during the period. Finally, Parvin Asset Management LLC bought a new stake in Adecoagro in the fourth quarter valued at approximately $279,000. Institutional investors own 45.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AGRO shares. Morgan Stanley downgraded Adecoagro from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $13.00 to $10.00 in a research report on Monday, April 28th. Bank of America downgraded Adecoagro from a “buy” rating to an “underperform” rating and decreased their target price for the company from $12.00 to $10.80 in a research report on Friday, April 25th. StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, UBS Group decreased their target price on Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Two research 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 has an average rating of “Hold” and an average target price of $10.55.

Adecoagro Price Performance

Adecoagro stock opened at $9.13 on Friday. The company has a market capitalization of $912.44 million, a price-to-earnings ratio of 6.08, a PEG ratio of 1.43 and a beta of 0.74. Adecoagro S.A. has a 12 month low of $8.45 and a 12 month high of $12.08. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average is $10.42 and its 200-day moving average is $10.35.

Adecoagro Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a yield of 3%. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s dividend payout ratio is currently 56.45%.

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.