Charles Schwab Investment Management Inc. Has $1.97 Million Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Charles Schwab Investment Management Inc. lessened its position in Adecoagro S.A. (NYSE:AGRO) by 49.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 208,498 shares of the company’s stock after selling 204,667 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.20% of Adecoagro worth $1,966,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Adecoagro in the third quarter valued at about $37,000. Point72 Hong Kong Ltd increased its holdings in shares of Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after acquiring an additional 933 shares during the last quarter. R Squared Ltd acquired a new position in shares of Adecoagro in the fourth quarter valued at approximately $70,000. Blue Trust Inc. increased its position in Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after acquiring an additional 6,387 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in shares of Adecoagro during the 3rd quarter valued at $195,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO opened at $11.38 on Friday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. Adecoagro S.A. has a 12 month low of $8.72 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 firm’s fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $10.64.

Adecoagro Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be paid a dividend of $0.175 per share. This is an increase from Adecoagro’s previous semi-annual dividend of $0.17. This represents a yield of 3%. The ex-dividend date is Friday, May 2nd. Adecoagro’s dividend payout ratio is 39.33%.

Wall Street Analysts Forecast Growth

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

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.