Adecoagro S.A. (NYSE:AGRO) Shares Bought by Jennison Associates LLC

Jennison Associates LLC lifted its stake in Adecoagro S.A. (NYSE:AGRO) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,371,368 shares of the company’s stock after buying an additional 255,684 shares during the period. Jennison Associates LLC owned approximately 5.06% of Adecoagro worth $59,622,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Adecoagro by 0.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 275,063 shares of the company’s stock valued at $3,215,000 after purchasing an additional 1,280 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Adecoagro by 1.5% during the 3rd quarter. Hsbc Holdings PLC now owns 205,807 shares of the company’s stock valued at $2,408,000 after acquiring an additional 2,998 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Adecoagro by 31.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 18,558 shares of the company’s stock valued at $217,000 after acquiring an additional 4,458 shares in the last quarter. NBC Securities Inc. purchased a new position in Adecoagro during the 3rd quarter valued at about $54,000. Finally, Quent Capital LLC increased its holdings in Adecoagro by 25.0% during the 4th quarter. Quent Capital LLC now owns 74,980 shares of the company’s stock valued at $832,000 after acquiring an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of NYSE AGRO opened at $11.14 on Wednesday. The company has a 50-day simple moving average of $10.49 and a 200-day simple moving average of $10.69. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.14 and a quick ratio of 1.20. Adecoagro S.A. has a 12 month low of $7.93 and a 12 month high of $12.51. The company has a market cap of $1.18 billion, a PE ratio of 5.28 and a beta of 1.12.

Adecoagro (NYSE:AGRO) last released its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. The company had revenue of $263.95 million during the quarter. On average, equities analysts anticipate that Adecoagro S.A. will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Adecoagro has an average rating of “Hold” and a consensus price target of $12.17.

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.