Cresud S.A.C.I.F. y A. Stock to Split on Friday, November 28th (NASDAQ:CRESY)

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares are scheduled to split on Friday, November 28th. The 1.00845956 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Thursday, November 27th.

Cresud S.A.C.I.F. y A. Price Performance

Shares of CRESY stock opened at $11.92 on Thursday. The stock’s fifty day simple moving average is $10.22 and its 200 day simple moving average is $10.72. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.23. The firm has a market cap of $753.15 million, a price-to-earnings ratio of 10.37 and a beta of 1.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.24 and a quick ratio of 0.93.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.42 earnings per share for the quarter. The firm had revenue of $239.85 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.

Cresud S.A.C.I.F. y A. Announces Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be issued a dividend of $0.6293 per share. This represents a yield of 530.0%. The ex-dividend date of this dividend is Friday, November 28th. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is currently 25.88%.

Analyst Upgrades and Downgrades

CRESY has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, October 8th. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Hedge funds have recently bought and sold shares of the company. Comprehensive Money Management Services LLC increased its stake in Cresud S.A.C.I.F. y A. by 1.4% in the 2nd quarter. Comprehensive Money Management Services LLC now owns 84,066 shares of the company’s stock valued at $905,000 after buying an additional 1,124 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $25,000. Meixler Investment Management Ltd. grew its holdings in shares of Cresud S.A.C.I.F. y A. by 9.0% in the 2nd quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company’s stock valued at $577,000 after acquiring an additional 4,446 shares in the last quarter. Ridgewood Investments LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 920.0% in the first quarter. Ridgewood Investments LLC now owns 5,100 shares of the company’s stock valued at $56,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

About Cresud S.A.C.I.F. y A.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.