Adecoagro (NYSE:AGRO) Stock Price Down 13% – Time to Sell?

Shares of Adecoagro S.A. (NYSE:AGRO) fell 13% during mid-day trading on Thursday. The company traded as low as $7.95 and last traded at $7.87. Approximately 362,231 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 975,625 shares. The stock had previously closed at $9.05.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AGRO shares. Santander assumed coverage on Adecoagro in a research note on Monday, September 14th. They set a “neutral” rating for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Adecoagro in a research note on Monday, October 12th. Finally, UBS Group cut their price objective on Adecoagro from $15.20 to $13.20 and set a “buy” rating for the company in a report on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Adecoagro presently has an average rating of “Reduce” and an average target price of $11.62.

Adecoagro Trading Down 10.2%

The stock has a 50 day moving average of $10.43 and a 200 day moving average of $10.99. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.73 and a quick ratio of 0.89. The firm has a market cap of $1.16 billion, a P/E ratio of 24.59 and a beta of 0.01.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Saturday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.41). Adecoagro had a negative return on equity of 0.38% and a net margin of 3.03%. The firm had revenue of $538.50 million for the quarter, compared to the consensus estimate of $602.01 million. As a group, equities research analysts predict that Adecoagro S.A. will post 1.11 EPS for the current year.

Adecoagro Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, November 19th. Investors of record on Thursday, November 5th will be issued a dividend of $0.1213 per share. This represents a dividend yield of 267.0%. The ex-dividend date of this dividend is Thursday, November 5th. Adecoagro’s dividend payout ratio (DPR) is currently 72.73%.

Institutional Trading of Adecoagro

Hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new position in shares of Adecoagro during the third quarter worth approximately $405,000. D.A. Davidson & CO. purchased a new stake in shares of Adecoagro in the 3rd quarter valued at $105,000. Ausbil Investment Management Ltd purchased a new stake in shares of Adecoagro in the 3rd quarter valued at $248,000. WINTON GROUP Ltd bought a new position in shares of Adecoagro during the 2nd quarter valued at $438,000. Finally, Amundi grew its holdings in shares of Adecoagro by 718.5% during the 2nd quarter. Amundi now owns 782,432 shares of the company’s stock valued at $7,472,000 after purchasing an additional 686,835 shares during the last quarter. Institutional investors own 45.25% of the company’s stock.

Adecoagro Company Profile

Adecoagro is a South American agribusiness company that produces food and renewable energy. Its operations span farming, dairy, rice, and sugar and ethanol production. The company grows crops such as soybeans, corn, and wheat, and produces rice and milk. In Brazil, it processes sugarcane into sugar, ethanol, and renewable electricity. Adecoagro operates in Argentina, Brazil, and Uruguay. Founded in 2002, it combines agricultural production with processing and energy generation across its regional operations.