DGS Capital Management LLC Lowers Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

DGS Capital Management LLC decreased its position in Adecoagro S.A. (NYSE:AGRO) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,619 shares of the company’s stock after selling 5,761 shares during the period. DGS Capital Management LLC’s holdings in Adecoagro were worth $336,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Rockingstone Advisors LLC bought a new position in Adecoagro in the fourth quarter worth about $170,000. B. Riley Wealth Advisors Inc. raised its stake in shares of Adecoagro by 1.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock worth $1,657,000 after acquiring an additional 1,900 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Adecoagro during the 3rd quarter worth approximately $37,000. Point72 Asset Management L.P. lifted its position in Adecoagro by 84.0% during the third quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company’s stock valued at $485,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Point72 Hong Kong Ltd boosted its stake in Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after acquiring an additional 933 shares in the last quarter. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on Adecoagro in a research report on Monday, October 14th. They set a “neutral” rating and a $12.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Stock Performance

AGRO opened at $9.44 on Friday. The firm’s 50-day moving average price is $10.14 and its 200-day moving average price is $10.59. The company has a market cap of $982.72 million, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 1.01 and a beta of 1.04. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 52-week low of $8.72 and a 52-week high of $12.07.

Adecoagro Increases Dividend

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

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.