Comprehensive Money Management Services LLC Buys Shares of 49,180 Adecoagro S.A. (NYSE:AGRO)

Comprehensive Money Management Services LLC bought a new stake in Adecoagro S.A. (NYSE:AGRO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 49,180 shares of the company’s stock, valued at approximately $464,000.

A number of other large investors have also recently modified their holdings of AGRO. R Squared Ltd acquired a new stake in shares of Adecoagro in the 4th quarter valued at $70,000. OLD Mission Capital LLC acquired a new stake in shares of Adecoagro in the 4th quarter valued at $108,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Adecoagro during the 4th quarter valued at $126,000. Lazard Asset Management LLC boosted its holdings in shares of Adecoagro by 26.3% during the 4th quarter. Lazard Asset Management LLC now owns 13,406 shares of the company’s stock valued at $126,000 after acquiring an additional 2,794 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Adecoagro by 87.2% during the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after acquiring an additional 6,387 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AGRO. UBS Group cut their price objective on Adecoagro from $10.50 to $9.90 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Morgan Stanley downgraded Adecoagro from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $13.00 to $10.00 in a report on Monday, April 28th. Bank of America downgraded Adecoagro from a “buy” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $10.80 in a report on Friday, April 25th. Finally, Wall Street Zen downgraded Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.55.

Adecoagro Trading Up 0.1%

NYSE AGRO opened at $9.51 on Tuesday. The company has a market cap of $950.43 million, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 1.43 and a beta of 0.74. 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 S.A. has a twelve month low of $8.45 and a twelve month high of $12.08. The business’s fifty day moving average is $10.26 and its 200 day moving average is $10.26.

Adecoagro Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a dividend of $0.175 per share. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. This represents a yield of 3%. The ex-dividend date of this dividend was Friday, May 2nd. Adecoagro’s dividend payout ratio (DPR) is currently 56.45%.

Adecoagro 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.