Adecoagro S.A. (AGRO) To Go Ex-Dividend on November 5th

Adecoagro S.A. (NYSE:AGRO) declared a dividend on Monday, October 26th. Stockholders of record on Thursday, November 5th will be given a dividend of $0.1213 per share on Thursday, November 19th. This represents a dividend yield of 242.0%. The ex-dividend date of this dividend is Thursday, November 5th.

Adecoagro has a dividend payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Adecoagro to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 21.4%.

Adecoagro Stock Performance

AGRO opened at $9.81 on Wednesday. Adecoagro has a twelve month low of $6.89 and a twelve month high of $15.89. The firm’s 50-day moving average price is $10.79 and its 200 day moving average price is $10.95.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Saturday, August 8th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.41). The company had revenue of $538.50 million during the quarter, compared to analysts’ expectations of $602.01 million. As a group, sell-side analysts predict that Adecoagro will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Adecoagro

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comprehensive Money Management Services LLC increased its stake in shares of Adecoagro by 5.0% during the 1st quarter. Comprehensive Money Management Services LLC now owns 73,733 shares of the company’s stock worth $1,107,000 after purchasing an additional 3,495 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Adecoagro by 57.9% during the second quarter. Van ECK Associates Corp now owns 12,882 shares of the company’s stock worth $123,000 after purchasing an additional 4,723 shares in the last quarter. Lazard Asset Management LLC grew its stake in Adecoagro by 4.4% during the 1st quarter. Lazard Asset Management LLC now owns 197,265 shares of the company’s stock valued at $2,963,000 after purchasing an additional 8,341 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Adecoagro in the 3rd quarter worth about $105,000. Finally, Hsbc Holdings PLC bought a new position in Adecoagro during the second quarter worth $162,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

About Adecoagro

Adecoagro SA is an agricultural and agroindustrial company focused on producing, processing and marketing food, agricultural commodities and renewable energy products in South America. The company operates an integrated business model that combines farming, livestock activities and industrial processing.

Adecoagro’s activities include the cultivation of grains, oilseeds, rice, sugarcane and other crops, as well as dairy production. Its processing operations produce products such as rice, sugar and ethanol, while sugarcane-based facilities also generate electricity through cogeneration.