11,409 Shares in Adecoagro S.A. (NYSE:AGRO) Purchased by OLD Mission Capital LLC

OLD Mission Capital LLC acquired a new stake in shares of Adecoagro S.A. (NYSE:AGRO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 11,409 shares of the company’s stock, valued at approximately $108,000.

Several other large investors have also bought and sold shares of AGRO. B. Riley Wealth Advisors Inc. boosted its position in shares of Adecoagro by 1.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock valued at $1,657,000 after purchasing an additional 1,900 shares in the last quarter. Ping Capital Management Inc. grew its position in shares of Adecoagro by 1.9% in the 4th quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock worth $990,000 after buying an additional 2,000 shares during the period. Principal Securities Inc. increased its stake in shares of Adecoagro by 9.6% in the 4th quarter. Principal Securities Inc. now owns 33,886 shares of the company’s stock worth $320,000 after acquiring an additional 2,970 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Adecoagro during the 3rd quarter valued at about $37,000. Finally, Blue Trust Inc. grew its holdings in Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after purchasing an additional 6,387 shares during the period. 45.25% of the stock is owned by institutional investors.

Adecoagro Price Performance

Shares of NYSE AGRO opened at $10.50 on Wednesday. The company has a 50 day moving average of $10.56 and a 200 day moving average of $10.62. 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 S.A. has a twelve month low of $8.72 and a twelve month high of $12.08. The firm has a market cap of $1.05 billion, a P/E ratio of 7.00, a PEG ratio of 1.43 and a beta of 0.65.

Adecoagro Increases Dividend

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

Wall Street Analyst Weigh In

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

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.