Adecoagro (NYSE:AGRO) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Adecoagro S.A. (NYSE:AGRO)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.42 and traded as high as $12.72. Adecoagro shares last traded at $12.5950, with a volume of 724,851 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on AGRO shares. Weiss Ratings cut Adecoagro from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 20th. UBS Group raised Adecoagro from a “neutral” rating to a “buy” rating and raised their target price for the stock from $8.00 to $16.20 in a research report on Monday, March 30th. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Morgan Stanley raised Adecoagro from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $9.50 to $13.00 in a research report on Tuesday, March 17th. Finally, Citigroup cut Adecoagro from a “buy” rating to a “neutral” rating and raised their target price for the stock from $13.00 to $15.00 in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $11.53.

Adecoagro Trading Up 3.8%

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 capitalization of $1.80 billion, a PE ratio of 630.07 and a beta of -0.04. The stock has a 50-day moving average price of $13.66 and a two-hundred day moving average price of $10.42.

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

Adecoagro Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 4th were paid a dividend of $0.1213 per share. This represents a yield of 160.0%. The ex-dividend date of this dividend was Monday, May 4th. Adecoagro’s dividend payout ratio (DPR) is 1,200.00%.

Insider Transactions at Adecoagro

In related news, CEO Mariano Bosch sold 100,000 shares of Adecoagro stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $14.50, for a total transaction of $1,450,000.00. Following the sale, the chief executive officer owned 897,249 shares of the company’s stock, valued at approximately $13,010,110.50. This trade represents a 10.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 106,815 shares of company stock worth $1,540,799. 6.70% of the stock is currently owned by company insiders.

Institutional Trading of Adecoagro

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in Adecoagro by 86.5% during the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after purchasing an additional 212,685 shares during the period. Ghisallo Capital Management LLC bought a new stake in Adecoagro during the 4th quarter valued at approximately $2,987,000. Ameriprise Financial Inc. raised its stake in Adecoagro by 32.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock valued at $3,385,000 after purchasing an additional 90,518 shares during the period. HRT Financial LP raised its stake in Adecoagro by 13.4% during the 4th quarter. HRT Financial LP now owns 312,828 shares of the company’s stock valued at $2,480,000 after purchasing an additional 36,857 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in Adecoagro during the 1st quarter valued at approximately $4,629,000. Institutional investors own 45.25% of the company’s stock.

About Adecoagro

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.