Adecoagro (NYSE:AGRO) Shares Down 5.1% – Should You Sell?

Shares of Adecoagro S.A. (NYSE:AGRO) traded down 5.1% during mid-day trading on Friday . The company traded as low as $12.89 and last traded at $12.9290. 280,628 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 1,243,012 shares. The stock had previously closed at $13.62.

Analyst Ratings Changes

A number of brokerages have recently commented on AGRO. Zacks Research lowered shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $9.50 to $13.00 in a research report on Tuesday, March 17th. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and raised their price target for the company from $8.00 to $16.20 in a research report on Monday, March 30th. Citigroup lowered Adecoagro from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Tuesday, April 14th. Finally, Weiss Ratings cut Adecoagro from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $11.53.

Adecoagro Trading Down 5.1%

The firm has a market cap of $1.84 billion, a PE ratio of 646.32 and a beta of -0.04. The firm has a fifty day simple moving average of $13.57 and a two-hundred day simple moving average of $10.20. The company has a current ratio of 1.74, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.49). The company had revenue of $419.45 million for the quarter, compared to analysts’ expectations of $408.94 million. Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. Equities analysts forecast that Adecoagro S.A. will post 1.45 EPS for the current year.

Adecoagro Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 4th were issued a dividend of $0.1213 per share. The ex-dividend date was Monday, May 4th. This represents a dividend yield of 160.0%. Adecoagro’s dividend payout ratio is 1,200.00%.

Insider Activity

In related news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the sale, the chief executive officer owned 897,249 shares in the company, valued at $13,010,110.50. This represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 106,815 shares of company stock worth $1,540,799 in the last 90 days. Corporate insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC acquired a new position in Adecoagro in the 4th quarter valued at $88,000. Quadrature Capital Ltd purchased a new position in Adecoagro during the 4th quarter valued at about $123,000. State of Wyoming increased its stake in Adecoagro by 44.9% during the 2nd quarter. State of Wyoming now owns 17,203 shares of the company’s stock worth $157,000 after buying an additional 5,334 shares during the period. Virtu Financial LLC purchased a new position in Adecoagro in the fourth quarter valued at $147,000. Finally, Savant Capital LLC acquired a new position in shares of Adecoagro during the fourth quarter worth about $159,000. Hedge funds and other institutional investors own 45.25% of the company’s stock.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.