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

Adecoagro S.A. (NYSE:AGRO)’s stock price 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 traded.

Analyst Ratings Changes

Several research analysts recently issued reports on AGRO shares. 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. Citigroup lowered shares of Adecoagro from a “buy” rating to a “neutral” rating and raised their price target for the stock from $13.00 to $15.00 in a report on Tuesday, April 14th. Weiss Ratings upgraded shares of Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. UBS Group upgraded shares of Adecoagro from a “neutral” rating to a “buy” rating and raised their price target for the stock from $8.00 to $16.20 in a report on Monday, March 30th. Finally, Zacks Research lowered shares of Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.53.

Adecoagro Stock Performance

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

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 the consensus estimate of $408.94 million. Adecoagro had a net margin of 0.95% and a negative return on equity of 2.38%. On average, equities analysts forecast that Adecoagro S.A. will post 1.45 earnings per share for the current year.

Adecoagro Announces Dividend

The business also recently disclosed 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 payout ratio is currently 1,200.00%.

Insider Buying and Selling at Adecoagro

In other news, CEO Mariano Bosch sold 100,000 shares of Adecoagro stock in a transaction 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 completion of the sale, the chief executive officer owned 897,249 shares in the company, valued at $13,010,110.50. The trade was a 10.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 106,815 shares of company stock valued at $1,540,799.

Institutional Trading of Adecoagro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. bought a new stake in Adecoagro in the 3rd quarter valued at about $1,082,000. Quent Capital LLC bought a new stake in Adecoagro in the 4th quarter valued at about $595,000. Tudor Investment Corp ET AL bought a new stake in Adecoagro in the 3rd quarter valued at about $295,000. Stonebridge Financial Group LLC MO bought a new stake in Adecoagro during the 4th quarter valued at $592,000. Finally, Ping Capital Management Inc. increased its stake in Adecoagro by 20.1% during the 4th quarter. Ping Capital Management Inc. now owns 120,100 shares of the company’s stock valued at $952,000 after purchasing an additional 20,100 shares in the last quarter. 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.