Walleye Capital LLC Cuts Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Walleye Capital LLC trimmed its position in shares of Adecoagro S.A. (NYSE:AGROGet Rating) by 73.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,171 shares of the company’s stock after selling 62,747 shares during the quarter. Walleye Capital LLC’s holdings in Adecoagro were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new position in Adecoagro during the 1st quarter worth $144,000. Bank of America Corp DE boosted its holdings in shares of Adecoagro by 263.7% in the 1st quarter. Bank of America Corp DE now owns 13,830 shares of the company’s stock worth $167,000 after buying an additional 10,027 shares during the last quarter. Keybank National Association OH purchased a new position in shares of Adecoagro in the 2nd quarter worth about $192,000. DGS Capital Management LLC boosted its holdings in shares of Adecoagro by 19.0% in the 2nd quarter. DGS Capital Management LLC now owns 25,563 shares of the company’s stock worth $216,000 after buying an additional 4,080 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC boosted its holdings in shares of Adecoagro by 376.8% in the 2nd quarter. Counterpoint Mutual Funds LLC now owns 26,404 shares of the company’s stock worth $223,000 after buying an additional 20,866 shares during the last quarter.

Analyst Ratings Changes

AGRO has been the topic of a number of research analyst reports. Itau BBA Securities initiated coverage on shares of Adecoagro in a report on Friday, September 30th. They issued an “outperform” rating and a $10.00 price target on the stock. StockNews.com initiated coverage on shares of Adecoagro in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Itaú Unibanco initiated coverage on shares of Adecoagro in a report on Friday, September 30th. They issued an “outperform” rating and a $10.00 price target on the stock.

Adecoagro Price Performance

NYSE AGRO opened at $7.99 on Friday. The company has a market cap of $889.93 million, a PE ratio of 5.40 and a beta of 1.05. Adecoagro S.A. has a 52 week low of $6.78 and a 52 week high of $13.55. The company has a quick ratio of 0.85, a current ratio of 1.80 and a debt-to-equity ratio of 0.64. The firm’s 50-day simple moving average is $8.35 and its two-hundred day simple moving average is $8.90.

Adecoagro Increases Dividend

The firm also recently disclosed a Not Available dividend, which was paid on Thursday, November 17th. Shareholders of record on Wednesday, November 2nd were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, November 1st. This is an increase from Adecoagro’s previous Not Available dividend of $0.16. This represents a yield of 3.6%. Adecoagro’s dividend payout ratio is 21.62%.

Adecoagro Company 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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