Adecoagro S.A. (NYSE:AGRO) Stock Position Trimmed by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT decreased its position in Adecoagro S.A. (NYSE:AGRO) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,222,620 shares of the company’s stock after selling 61,374 shares during the period. Discovery Capital Management LLC CT owned approximately 1.17% of Adecoagro worth $11,529,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AGRO. Public Employees Retirement System of Ohio acquired a new stake in Adecoagro in the 3rd quarter valued at approximately $37,000. Point72 Hong Kong Ltd increased its holdings in shares of Adecoagro by 21.9% during 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. R Squared Ltd bought a new stake in shares of Adecoagro during the fourth quarter valued at about $70,000. OLD Mission Capital LLC acquired a new stake in Adecoagro in the fourth quarter worth about $108,000. Finally, Blue Trust Inc. grew its position in Adecoagro by 87.2% in the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after buying an additional 6,387 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $12.63.

Adecoagro Trading Down 1.5 %

Shares of AGRO stock opened at $11.20 on Tuesday. The stock has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $10.63. The stock has a market capitalization of $1.17 billion, a P/E ratio of 7.46, a P/E/G ratio of 1.43 and a beta of 0.98. Adecoagro S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.08. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $0.175 per share. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Friday, May 2nd. This represents a dividend yield of 3%. Adecoagro’s dividend payout ratio (DPR) is 39.33%.

Adecoagro 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.