Adecoagro (NYSE:AGRO) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Adecoagro S.A. (NYSE:AGRO) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.16 and traded as high as $13.60. Adecoagro shares last traded at $13.3410, with a volume of 711,936 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Adecoagro from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and boosted their price target for the company from $8.00 to $16.20 in a report on Monday, March 30th. Citigroup lowered shares of Adecoagro from a “buy” rating to a “neutral” rating and boosted their price target for the company from $13.00 to $15.00 in a report on Tuesday, April 14th. Finally, Morgan Stanley upgraded shares of Adecoagro from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $9.50 to $13.00 in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.53.

Adecoagro Price Performance

The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 667.38 and a beta of -0.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.74 and a quick ratio of 0.86. The stock’s fifty day moving average price is $13.50 and its 200-day moving average price is $10.16.

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

Adecoagro Announces Dividend

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

Insiders Place Their Bets

In other Adecoagro news, CEO Mariano Bosch sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $14.50, for a total value of $1,450,000.00. Following the transaction, the chief executive officer owned 897,249 shares in the company, valued at approximately $13,010,110.50. This represents a 10.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 106,815 shares of company stock valued at $1,540,799. 6.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in Adecoagro by 1,328.8% in the 1st quarter. Bank of America Corp DE now owns 78,542 shares of the company’s stock valued at $1,180,000 after buying an additional 73,045 shares during the period. Amundi acquired a new position in Adecoagro in the 1st quarter valued at approximately $1,436,000. Lazard Asset Management LLC increased its stake in Adecoagro by 4.4% in the 1st quarter. Lazard Asset Management LLC now owns 197,265 shares of the company’s stock valued at $2,963,000 after buying an additional 8,341 shares during the period. Hilltop Holdings Inc. acquired a new position in Adecoagro in the 1st quarter valued at approximately $407,000. Finally, Hsbc Holdings PLC acquired a new position in Adecoagro in the 1st quarter valued at approximately $509,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.