Stonebridge Financial Group LLC MO Invests $592,000 in Adecoagro S.A. $AGRO

Stonebridge Financial Group LLC MO bought a new position in shares of Adecoagro S.A. (NYSE:AGRO) in the fourth quarter, HoldingsChannel reports. The firm bought 74,619 shares of the company’s stock, valued at approximately $592,000.

Other large investors have also modified their holdings of the company. State of Wyoming raised its stake in shares of Adecoagro by 44.9% during the 2nd 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. R Squared Ltd grew its holdings in shares of Adecoagro by 61.1% in the 3rd quarter. R Squared Ltd now owns 22,302 shares of the company’s stock worth $175,000 after acquiring an additional 8,462 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of Adecoagro in the 3rd quarter worth approximately $295,000. Quantbot Technologies LP grew its holdings in shares of Adecoagro by 7.5% in the 3rd quarter. Quantbot Technologies LP now owns 61,776 shares of the company’s stock worth $484,000 after acquiring an additional 4,286 shares during the period. Finally, Comprehensive Money Management Services LLC grew its holdings in shares of Adecoagro by 62.5% in the 4th quarter. Comprehensive Money Management Services LLC now owns 70,238 shares of the company’s stock worth $557,000 after acquiring an additional 27,027 shares during the period. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AGRO shares. Morgan Stanley upgraded Adecoagro from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $9.50 to $13.00 in a report on Tuesday, March 17th. Weiss Ratings upgraded Adecoagro from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Citigroup cut Adecoagro from a “buy” rating to a “neutral” rating and upped their price target for the stock from $13.00 to $15.00 in a report on Tuesday, April 14th. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and upped their price target for the stock from $8.00 to $16.20 in a report on Monday, March 30th. Finally, Wall Street Zen upgraded Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adecoagro currently has a consensus rating of “Hold” and an average target price of $11.53.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $13.09 on Wednesday. The business’s fifty day moving average price is $13.06 and its two-hundred day moving average price is $9.94. The stock has a market cap of $1.87 billion, a PE ratio of -163.55 and a beta of -0.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 1.38. Adecoagro S.A. has a one year low of $6.89 and a one year high of $15.89.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, May 11th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). The company had revenue of $419.45 million for the quarter, compared to analyst estimates of $408.94 million. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. On average, analysts forecast that Adecoagro S.A. will post 1.42 EPS for the current fiscal year.

Adecoagro Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th will be issued a dividend of $0.1213 per share. This represents a yield of 160.0%. The ex-dividend date is Monday, May 4th. Adecoagro’s dividend payout ratio is -300.00%.

Insider Buying and Selling

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer owned 897,249 shares in the company, valued at approximately $13,010,110.50. This represents a 10.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 106,815 shares of company stock worth $1,540,799.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.