Adecoagro (NYSE:AGRO) Stock Passes Above 200 Day Moving Average – What’s Next?

Shares of Adecoagro S.A. (NYSE:AGRO) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.60 and traded as high as $11.47. Adecoagro shares last traded at $11.2650, with a volume of 1,050,357 shares trading hands.

Analyst Ratings Changes

A number of brokerages have commented on AGRO. Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research lowered Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings raised Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Morgan Stanley raised Adecoagro from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $9.50 to $13.00 in a report on Tuesday, March 17th. Finally, Citigroup lowered Adecoagro from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $13.00 to $15.00 in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and a consensus target price of $11.53.

Adecoagro Stock Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.74. The stock has a market cap of $1.61 billion, a P/E ratio of 563.53 and a beta of -0.08. The company’s 50 day moving average price is $13.40 and its 200-day moving average price is $10.60.

Adecoagro (NYSE:AGRO) last posted its earnings results on Monday, May 11th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.49). Adecoagro had a negative return on equity of 2.38% and a net margin of 0.95%.The firm had revenue of $419.45 million during the quarter, compared to the consensus estimate of $408.94 million. Equities analysts forecast that Adecoagro S.A. will post 1.45 EPS for the current fiscal year.

Adecoagro Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 4th were paid a $0.1213 dividend. The ex-dividend date was Monday, May 4th. This represents a dividend yield of 160.0%. Adecoagro’s dividend payout ratio is presently 1,200.00%.

Insider Activity

In other news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total value of $1,450,000.00. Following the completion of the transaction, the chief executive officer directly owned 897,249 shares of the company’s stock, valued at $13,010,110.50. This represents a 10.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 106,815 shares of company stock valued at $1,540,799 over the last three months.

Hedge Funds Weigh In On Adecoagro

Institutional investors have recently modified their holdings of the business. Orion Porfolio Solutions LLC bought a new position in shares of Adecoagro in the fourth quarter valued at approximately $88,000. Quadrature Capital Ltd bought a new position in shares of Adecoagro in the fourth quarter valued at approximately $123,000. State of Wyoming grew its holdings in shares of Adecoagro by 44.9% in the second quarter. State of Wyoming now owns 17,203 shares of the company’s stock valued at $157,000 after acquiring an additional 5,334 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Adecoagro in the fourth quarter valued at approximately $147,000. Finally, Savant Capital LLC bought a new position in Adecoagro during the fourth quarter valued at about $159,000. 45.25% of the stock is owned by institutional investors.

Adecoagro Company Profile

Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.

The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.