Helikon Investments Ltd Has $27.85 Million Stock Position in Adecoagro S.A. (NYSE:AGRO)

Helikon Investments Ltd boosted its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 95.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,526,924 shares of the company’s stock after buying an additional 1,234,654 shares during the period. Adecoagro comprises 2.4% of Helikon Investments Ltd’s portfolio, making the stock its 8th largest holding. Helikon Investments Ltd’s holdings in Adecoagro were worth $27,847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its position in shares of Adecoagro by 5.0% during the 4th quarter. Jennison Associates LLC now owns 5,371,368 shares of the company’s stock worth $59,622,000 after buying an additional 255,684 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Adecoagro by 60.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock valued at $4,914,000 after purchasing an additional 167,608 shares in the last quarter. Claret Asset Management Corp grew its holdings in shares of Adecoagro by 3.1% in the 4th quarter. Claret Asset Management Corp now owns 300,512 shares of the company’s stock worth $3,336,000 after purchasing an additional 9,110 shares during the last quarter. Walleye Capital LLC acquired a new stake in shares of Adecoagro during the 3rd quarter worth about $2,919,000. Finally, Sapient Capital LLC bought a new position in Adecoagro during the 4th quarter valued at about $2,294,000. Institutional investors own 45.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on AGRO shares. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $10.50 to $11.50 in a research note on Monday. StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Adecoagro Price Performance

NYSE:AGRO traded down $0.09 during mid-day trading on Tuesday, reaching $9.84. 848,676 shares of the company were exchanged, compared to its average volume of 574,140. Adecoagro S.A. has a 12 month low of $8.96 and a 12 month high of $12.51. The stock has a market cap of $1.02 billion, a PE ratio of 4.17, a PEG ratio of 1.46 and a beta of 1.10. The company has a quick ratio of 1.16, a current ratio of 2.87 and a debt-to-equity ratio of 0.49. The company has a fifty day moving average of $10.05 and a 200 day moving average of $10.36.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.22 EPS for the quarter. Adecoagro had a net margin of 19.18% and a return on equity of 10.55%. The business had revenue of $261.78 million for the quarter. On average, research analysts anticipate that Adecoagro S.A. will post 1.74 EPS for the current fiscal year.

Adecoagro Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, May 29th. Stockholders of record on Tuesday, May 14th were paid a $0.1682 dividend. This is a boost from Adecoagro’s previous semi-annual dividend of $0.17. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 13th. Adecoagro’s dividend payout ratio (DPR) is 14.41%.

About Adecoagro

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.