Adecoagro S.A. (NYSE:AGRO) Plans $0.12 Dividend

Adecoagro S.A. (NYSE:AGRO) declared a dividend on Thursday, April 23rd. Stockholders of record on Monday, May 4th will be paid a dividend of 0.1213 per share on Tuesday, May 19th. This represents a dividend yield of 183.0%. The ex-dividend date is Monday, May 4th.

Adecoagro has a payout ratio of 32.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Adecoagro to earn $1.16 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 30.2%.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $13.23 on Friday. The firm’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $9.46. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -165.35, a PEG ratio of 0.28 and a beta of 0.08. Adecoagro has a 12 month low of $6.89 and a 12 month high of $15.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82.

Adecoagro (NYSE:AGRO) last announced its earnings results on Saturday, February 14th. The company reported ($0.15) EPS for the quarter. The business had revenue of $432.91 million during the quarter. Adecoagro had a negative net margin of 0.55% and a negative return on equity of 1.17%. As a group, equities analysts forecast that Adecoagro will post 1.38 earnings per share for the current year.

Insider Transactions at Adecoagro

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. Following the transaction, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. The trade was a 10.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 106,815 shares of company stock valued at $1,540,799. Insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Adecoagro

Several institutional investors have recently bought and sold shares of AGRO. Ghisallo Capital Management LLC acquired a new position in Adecoagro in the 4th quarter valued at $2,987,000. Decker Retirement Planning Inc. purchased a new stake in shares of Adecoagro during the 1st quarter worth $4,629,000. PenderFund Capital Management Ltd. purchased a new stake in shares of Adecoagro during the 3rd quarter worth $1,960,000. Invesco Ltd. boosted its position in shares of Adecoagro by 86.5% during the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after purchasing an additional 212,685 shares in the last quarter. Finally, Burkehill Global Management LP purchased a new stake in shares of Adecoagro during the 4th quarter worth $1,586,000. 45.25% of the stock is owned by institutional investors and hedge funds.

About Adecoagro

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.