Adecoagro (NYSE:AGRO) Trading Down 6.5% – Time to Sell?

Shares of Adecoagro S.A. (NYSE:AGRO) were down 6.5% during trading on Tuesday . The company traded as low as $10.33 and last traded at $10.1890. Approximately 114,810 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,183,341 shares. The stock had previously closed at $10.90.

Wall Street Analyst Weigh In

A number of analysts have commented on AGRO shares. JPMorgan Chase & Co. increased their price objective on shares of Adecoagro from $7.00 to $10.50 and gave the company an “underweight” rating in a report on Monday. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Morgan Stanley upgraded Adecoagro from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $9.50 to $13.00 in a report on Tuesday, March 17th. UBS Group upgraded Adecoagro from a “neutral” rating to a “buy” rating and upped their target price for the company from $8.00 to $16.20 in a report on Monday, March 30th. Finally, Weiss Ratings upgraded Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Adecoagro currently has an average rating of “Hold” and an average target price of $12.12.

Adecoagro Stock Down 7.6%

The company has a current ratio of 1.74, a quick ratio of 0.86 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 504.75 and a beta of -0.08. The firm’s fifty day simple moving average is $13.10 and its two-hundred day simple moving average is $10.70.

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

Adecoagro Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 4th were given 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 (DPR) is currently 1,200.00%.

Insider Buying and Selling at Adecoagro

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of Adecoagro stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the completion of the sale, the chief executive officer directly owned 897,249 shares in the company, valued at $13,010,110.50. This trade represents a 10.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 106,815 shares of company stock worth $1,540,799 in the last ninety days.

Institutional Investors Weigh In On Adecoagro

A number of institutional investors have recently made changes to their positions in AGRO. Goldman Sachs Group Inc. lifted its stake in Adecoagro by 48.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after acquiring an additional 28,275 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Adecoagro by 20.5% during the first quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock worth $2,112,000 after purchasing an additional 32,169 shares in the last quarter. Invesco Ltd. lifted its position in shares of Adecoagro by 86.5% during the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after purchasing an additional 212,685 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Adecoagro by 32.3% during the second quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after purchasing an additional 90,518 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its position in shares of Adecoagro by 115.7% during the second quarter. Engineers Gate Manager LP now owns 191,927 shares of the company’s stock worth $1,754,000 after purchasing an additional 102,955 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors and hedge funds.

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.