B. Riley Wealth Advisors Inc. Buys 1,900 Shares of Adecoagro S.A. (NYSE:AGRO)

B. Riley Wealth Advisors Inc. boosted its stake in Adecoagro S.A. (NYSE:AGRO) by 1.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 149,450 shares of the company’s stock after buying an additional 1,900 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.14% of Adecoagro worth $1,657,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ping Capital Management Inc. purchased a new stake in shares of Adecoagro in the second quarter valued at about $1,099,000. Citigroup Inc. increased its stake in Adecoagro by 111.0% in the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after buying an additional 263,125 shares during the last quarter. Herr Investment Group LLC increased its stake in Adecoagro by 30.3% in the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after buying an additional 616,345 shares during the last quarter. Discovery Capital Management LLC CT lifted its position in shares of Adecoagro by 39.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after buying an additional 667,878 shares in the last quarter. Finally, Helikon Investments Ltd boosted its stake in shares of Adecoagro by 169.2% in the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after buying an additional 4,363,628 shares during the last quarter. 45.25% of the stock is currently owned by institutional investors.

Adecoagro Stock Performance

NYSE:AGRO opened at $10.30 on Tuesday. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The business has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $10.56. The company has a market capitalization of $1.07 billion, a P/E ratio of 6.87, a P/E/G ratio of 1.24 and a beta of 1.03.

Adecoagro Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.174 dividend. This is a boost from Adecoagro’s previous Semi-Annual dividend of $0.16. This represents a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, November 12th. Adecoagro’s payout ratio is currently 22.67%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AGRO shares. UBS Group began coverage on Adecoagro in a report on Monday, October 14th. They set a “neutral” rating and a $12.00 price target on the stock. Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $14.50 to $12.50 in a research note on Tuesday, September 17th. Finally, Bank of America cut their price target on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a report on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.63.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.