Adecoagro (NYSE:AGRO) Shares Gap Up – Here’s What Happened

Adecoagro S.A. (NYSE:AGRO) gapped up prior to trading on Thursday . The stock had previously closed at $11.15, but opened at $11.60. Adecoagro shares last traded at $11.46, with a volume of 1,234,812 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.63.

Adecoagro Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The firm has a fifty day moving average price of $10.32 and a 200 day moving average price of $10.64. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 1.43 and a beta of 0.98.

Adecoagro Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a dividend of $0.175 per share. The ex-dividend date is Friday, May 2nd. This represents a yield of 3%. This is a boost from Adecoagro’s previous semi-annual dividend of $0.17. Adecoagro’s dividend payout ratio (DPR) is presently 39.33%.

Institutional Trading of Adecoagro

A number of hedge funds have recently made changes to their positions in the business. Comprehensive Money Management Services LLC bought a new position in Adecoagro during the fourth quarter worth $464,000. Vise Technologies Inc. acquired a new stake in Adecoagro during the fourth quarter worth approximately $153,000. PharVision Advisers LLC acquired a new stake in Adecoagro during the fourth quarter worth approximately $225,000. Voloridge Investment Management LLC boosted its holdings in shares of Adecoagro by 3.5% during the fourth quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company’s stock worth $4,486,000 after acquiring an additional 16,291 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Adecoagro by 15.8% in the fourth quarter. Vident Advisory LLC now owns 29,891 shares of the company’s stock valued at $282,000 after purchasing an additional 4,089 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

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.