Fmr LLC Sells 6,249 Shares of Adecoagro S.A. (NYSE:AGRO)

Fmr LLC trimmed its holdings in Adecoagro S.A. (NYSE:AGRO) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,507 shares of the company’s stock after selling 6,249 shares during the period. Fmr LLC’s holdings in Adecoagro were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGRO. Bailard Inc. bought a new stake in shares of Adecoagro during the second quarter valued at about $262,000. Helikon Investments Ltd increased its holdings in Adecoagro by 2.0% during the 2nd quarter. Helikon Investments Ltd now owns 2,578,229 shares of the company’s stock worth $25,086,000 after acquiring an additional 51,305 shares during the period. Ping Capital Management Inc. purchased a new stake in Adecoagro in the 2nd quarter worth approximately $1,099,000. MQS Management LLC boosted its holdings in Adecoagro by 55.1% in the 2nd quarter. MQS Management LLC now owns 43,081 shares of the company’s stock valued at $419,000 after purchasing an additional 15,298 shares during the period. Finally, Herr Investment Group LLC grew its position 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 purchasing an additional 616,345 shares in the last quarter. Institutional investors own 45.25% of the company’s stock.

Adecoagro Trading Down 0.6 %

NYSE AGRO opened at $9.65 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock’s 50-day simple moving average is $11.09 and its two-hundred day simple moving average is $10.55. Adecoagro S.A. has a twelve month low of $8.72 and a twelve month high of $12.07. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.24 and a beta of 1.03.

Adecoagro Increases Dividend

The company also recently disclosed 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 represents a dividend yield of 2.9%. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. The ex-dividend date was Tuesday, November 12th. Adecoagro’s dividend payout ratio (DPR) is currently 22.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AGRO shares. Bank of America dropped their price objective on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research note on Monday, September 9th. UBS Group assumed coverage on Adecoagro in a research report on Monday, October 14th. They set a “neutral” rating and a $12.00 price target for the company. Finally, Morgan Stanley cut 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 research report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.