Adecoagro S.A. (NYSE:AGRO) Shares Purchased by Citigroup Inc.

Citigroup Inc. lifted its position in shares of Adecoagro S.A. (NYSE:AGRO) by 111.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500,113 shares of the company’s stock after acquiring an additional 263,125 shares during the period. Citigroup Inc. owned about 0.48% of Adecoagro worth $5,536,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGRO. Boston Partners raised its position in shares of 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 buying an additional 546,465 shares in the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Adecoagro in the second quarter worth approximately $1,099,000. Herr Investment Group LLC grew its holdings in shares of Adecoagro by 30.3% during 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 in the last quarter. Discovery Capital Management LLC CT raised its position in Adecoagro by 39.1% during the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock valued at $23,124,000 after acquiring an additional 667,878 shares in the last quarter. Finally, Helikon Investments Ltd raised its holdings in Adecoagro by 169.2% during the third 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 in 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 firms have issued reports on AGRO. StockNews.com cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Bank of America lowered their price objective on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research report on Monday, September 9th. Morgan Stanley lowered Adecoagro from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $14.50 to $12.50 in a research report on Tuesday, September 17th. Finally, UBS Group started coverage on Adecoagro in a report on Monday, October 14th. They set a “neutral” rating and a $12.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.63.

Adecoagro Stock Up 1.4 %

AGRO stock opened at $10.90 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The stock has a market capitalization of $1.14 billion, a P/E ratio of 7.27, a P/E/G ratio of 1.23 and a beta of 1.08. Adecoagro S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.51. The business has a 50-day moving average of $11.29 and a 200-day moving average of $10.51.

Adecoagro Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a dividend of $0.174 per share. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a yield of 2.9%. Adecoagro’s dividend payout ratio is presently 23.33%.

About Adecoagro

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.