Adecoagro S.A. (NYSE:AGRO) Short Interest Down 5.2% in October

Adecoagro S.A. (NYSE:AGRO) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 1,270,000 shares, a decline of 5.2% from the October 15th total of 1,340,000 shares. Based on an average daily trading volume, of 871,000 shares, the short-interest ratio is presently 1.5 days. Currently, 1.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Adecoagro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGRO. Boston Partners grew its holdings in Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock worth $7,489,000 after acquiring an additional 546,465 shares during the period. Ping Capital Management Inc. acquired a new position in shares of Adecoagro during the 2nd quarter worth approximately $1,099,000. Herr Investment Group LLC grew its position in shares of Adecoagro by 30.3% in the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after acquiring an additional 616,345 shares during the period. Discovery Capital Management LLC CT boosted its stake in shares of Adecoagro by 39.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after acquiring an additional 667,878 shares during the period. Finally, Helikon Investments Ltd grew its stake in Adecoagro by 169.2% in the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock valued at $76,846,000 after buying an additional 4,363,628 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. 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. UBS Group began coverage on shares of Adecoagro in a report on Monday, October 14th. They set a “neutral” rating and a $12.00 price target on the stock. Morgan Stanley downgraded shares of Adecoagro from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $14.50 to $12.50 in a report on Tuesday, September 17th. Finally, StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and an average price target of $12.63.

Adecoagro Stock Down 3.2 %

Shares of NYSE AGRO opened at $10.98 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The stock has a market cap of $1.14 billion, a PE ratio of 7.32, a PEG ratio of 1.29 and a beta of 1.08. Adecoagro has a 52-week low of $8.72 and a 52-week high of $12.51. The business has a fifty day moving average of $11.36 and a two-hundred day moving average of $10.52.

Adecoagro Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a $0.174 dividend. This is an increase from Adecoagro’s previous Semi-Annual dividend of $0.16. The ex-dividend date is Tuesday, November 12th. This represents a yield of 2.9%. Adecoagro’s payout ratio is presently 23.33%.

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.