30,263 Shares in Adecoagro S.A. $AGRO Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in Adecoagro S.A. (NYSE:AGRO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,263 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds also recently bought and sold shares of the business. Sparta 24 Ltd. bought a new stake in Adecoagro in the second quarter valued at $19,197,000. Goldman Sachs Group Inc. grew its position in shares of Adecoagro by 48.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after buying an additional 28,275 shares during the period. Jane Street Group LLC lifted its holdings in shares of Adecoagro by 20.5% during the first quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock valued at $2,112,000 after purchasing an additional 32,169 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Adecoagro by 24.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company’s stock worth $24,496,000 after purchasing an additional 431,641 shares during the last quarter. Finally, Amundi increased its position in shares of Adecoagro by 5.1% during the first quarter. Amundi now owns 730,766 shares of the company’s stock valued at $8,177,000 after acquiring an additional 35,530 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO stock opened at $7.66 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.73. The firm has a market cap of $765.42 million, a price-to-earnings ratio of 33.28 and a beta of 0.62. Adecoagro S.A. has a 52-week low of $7.42 and a 52-week high of $11.78. The company’s 50 day moving average is $7.91 and its 200 day moving average is $8.67.

Adecoagro (NYSE:AGRO) last released its earnings results on Tuesday, November 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.20. The firm had revenue of $304.21 million for the quarter, compared to the consensus estimate of $377.18 million. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. On average, sell-side analysts anticipate that Adecoagro S.A. will post 1.24 EPS for the current fiscal year.

Adecoagro Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 3rd will be paid a dividend of $0.1749 per share. This represents a yield of 444.0%. The ex-dividend date of this dividend is Monday, November 3rd. Adecoagro’s dividend payout ratio is currently 152.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AGRO. UBS Group cut their target price on shares of Adecoagro from $9.90 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Adecoagro from a “sell” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average price target of $9.60.

About Adecoagro

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.