Keybank National Association OH Takes $192,000 Position in Adecoagro S.A. (NYSE:AGRO)

Keybank National Association OH acquired a new stake in shares of Adecoagro S.A. (NYSE:AGROGet Rating) in the second quarter, HoldingsChannel.com reports. The fund acquired 22,744 shares of the company’s stock, valued at approximately $192,000.

Other hedge funds have also recently modified their holdings of the company. Banque Pictet & Cie SA bought a new position in Adecoagro in the 2nd quarter worth $467,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Adecoagro by 37.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 336,606 shares of the company’s stock worth $2,848,000 after buying an additional 92,021 shares during the period. Jennison Associates LLC boosted its holdings in Adecoagro by 64.7% in the 2nd quarter. Jennison Associates LLC now owns 3,342,748 shares of the company’s stock worth $28,280,000 after buying an additional 1,312,982 shares during the period. SG Americas Securities LLC bought a new position in Adecoagro in the 2nd quarter worth $355,000. Finally, Russell Investments Group Ltd. boosted its holdings in Adecoagro by 8.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,406,663 shares of the company’s stock worth $11,898,000 after buying an additional 108,831 shares during the period.

Adecoagro Stock Down 2.4 %

AGRO opened at $7.76 on Monday. The firm has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $9.00. Adecoagro S.A. has a 52 week low of $6.78 and a 52 week high of $13.55. The company has a market capitalization of $864.32 million, a PE ratio of 5.24 and a beta of 1.05. The company has a quick ratio of 0.75, a current ratio of 1.74 and a debt-to-equity ratio of 0.66.

Adecoagro (NYSE:AGROGet Rating) last announced its earnings results on Thursday, August 11th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $383.67 million for the quarter. Adecoagro had a net margin of 12.70% and a return on equity of 18.86%. Analysts forecast that Adecoagro S.A. will post 1.16 earnings per share for the current fiscal year.

Adecoagro Increases Dividend

The firm also recently announced a Not Available dividend, which will be paid on Thursday, November 17th. Stockholders of record on Wednesday, November 2nd will be given a dividend of $0.16 per share. This represents a dividend yield of 3.6%. This is a boost from Adecoagro’s previous Not Available dividend of $0.16. The ex-dividend date is Tuesday, November 1st. Adecoagro’s dividend payout ratio is currently 21.62%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Itau BBA Securities assumed coverage on shares of Adecoagro in a report on Friday, September 30th. They set an “outperform” rating and a $10.00 price objective for the company. StockNews.com assumed coverage on shares of Adecoagro in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Itaú Unibanco assumed coverage on shares of Adecoagro in a report on Friday, September 30th. They set an “outperform” rating and a $10.00 price objective for the company.

Adecoagro Profile

(Get Rating)

Adecoagro SA operates as an agro-industrial company in South America. It engages in farming crops and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities. The company is involved in the planting, harvesting, and sale of grains and oilseeds, as well as wheat, corn, soybeans, peanuts, cotton, sunflowers, and others; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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