Public Employees Retirement System of Ohio Buys Shares of 3,340 Adecoagro S.A. (NYSE:AGRO)

Public Employees Retirement System of Ohio purchased a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,340 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors have also recently made changes to their positions in the company. Helikon Investments Ltd boosted its position in Adecoagro by 169.2% during the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock valued at $76,846,000 after acquiring an additional 4,363,628 shares in the last quarter. Discovery Capital Management LLC CT lifted its stake in shares of Adecoagro by 39.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after purchasing an additional 667,878 shares during the last quarter. Herr Investment Group LLC boosted its position in Adecoagro by 30.3% during the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after purchasing an additional 616,345 shares in the last quarter. Citigroup Inc. grew its stake in Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after purchasing an additional 263,125 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Adecoagro by 14,282.7% in the third quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after purchasing an additional 155,681 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AGRO. UBS Group started coverage on shares of Adecoagro in a research report on Monday, October 14th. They set a “neutral” rating and a $12.00 target price for the company. Bank of America lowered their price objective on Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research report on Monday, September 9th. Finally, Morgan Stanley lowered Adecoagro from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $14.50 to $12.50 in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Adecoagro has an average rating of “Hold” and an average price target of $12.63.

Adecoagro Stock Down 0.3 %

Adecoagro stock opened at $9.62 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The stock has a market capitalization of $1.00 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.03. The business has a 50 day simple moving average of $11.04 and a 200-day simple moving average of $10.56. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.07.

Adecoagro Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a $0.174 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Adecoagro’s previous Semi-Annual dividend of $0.16. This represents a dividend yield of 2.9%. Adecoagro’s payout ratio is currently 22.67%.

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.