Adecoagro S.A. (NYSE:AGRO) Plans Semi-annual Dividend of $0.18

Adecoagro S.A. (NYSE:AGRO) announced a semi-annual dividend on Friday, March 28th, Wall Street Journal reports. Shareholders of record on Friday, May 2nd will be paid a dividend of 0.175 per share on Friday, May 16th. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. This is a 0.6% increase from Adecoagro’s previous semi-annual dividend of $0.17.

Adecoagro has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Adecoagro to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 26.7%.

Adecoagro Stock Down 2.4 %

AGRO stock opened at $9.21 on Wednesday. The business’s 50-day moving average price is $10.90 and its 200-day moving average price is $10.59. The stock has a market cap of $920.44 million, a P/E ratio of 6.14, a PEG ratio of 1.43 and a beta of 0.65. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Adecoagro has a twelve month low of $8.72 and a twelve month high of $12.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AGRO shares. Bank of America lowered shares of Adecoagro from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $10.80 in a research report on Friday, April 25th. Morgan Stanley downgraded shares of Adecoagro from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $13.00 to $10.00 in a report on Monday. UBS Group lowered their price objective on Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.55.

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.