Rockingstone Advisors LLC Purchases New Position in Adecoagro S.A. (NYSE:AGRO)

Rockingstone Advisors LLC acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,045 shares of the company’s stock, valued at approximately $170,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AGRO. Point72 Hong Kong Ltd grew its stake in Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after buying an additional 933 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Adecoagro by 1.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock worth $1,657,000 after acquiring an additional 1,900 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Adecoagro by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 107,461 shares of the company’s stock valued at $1,046,000 after acquiring an additional 2,099 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Adecoagro in the 3rd quarter valued at $37,000. Finally, Quarry LP raised its position in Adecoagro by 259.4% in the 2nd quarter. Quarry LP now owns 7,598 shares of the company’s stock valued at $74,000 after purchasing an additional 5,484 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO opened at $10.06 on Thursday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 6.71, a P/E/G ratio of 1.24 and a beta of 1.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.07. The company’s fifty day moving average is $10.38 and its two-hundred day moving average is $10.61.

Adecoagro Increases Dividend

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

Analyst Ratings Changes

Separately, UBS Group assumed coverage on shares of Adecoagro in a research note on Monday, October 14th. They issued a “neutral” rating and a $12.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Adecoagro currently has an average rating of “Hold” and an average price target of $12.63.

Adecoagro Company Profile

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.