Discovery Capital Management LLC CT Has $11.53 Million Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Discovery Capital Management LLC CT decreased its stake in Adecoagro S.A. (NYSE:AGRO) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,222,620 shares of the company’s stock after selling 61,374 shares during the quarter. Discovery Capital Management LLC CT’s holdings in Adecoagro were worth $11,529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Adecoagro during the third quarter valued at about $37,000. Point72 Hong Kong Ltd raised its holdings in shares of Adecoagro by 21.9% during the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after acquiring an additional 933 shares during the period. R Squared Ltd purchased a new stake in shares of Adecoagro in the 4th quarter valued at approximately $70,000. OLD Mission Capital LLC purchased a new position in Adecoagro during the 4th quarter worth approximately $108,000. Finally, Blue Trust Inc. raised its stake in Adecoagro by 87.2% during the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after purchasing an additional 6,387 shares during the period. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Down 1.5 %

AGRO stock opened at $11.20 on Tuesday. The company has a 50 day moving average of $10.36 and a two-hundred day moving average of $10.63. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 1.43 and a beta of 0.98. Adecoagro S.A. has a 12-month low of $8.72 and a 12-month high of $12.08. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48.

Adecoagro Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a dividend of $0.175 per share. This represents a dividend yield of 3%. This is a positive change from Adecoagro’s previous semi-annual dividend of $0.17. The ex-dividend date is Friday, May 2nd. Adecoagro’s dividend payout ratio (DPR) is currently 39.33%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.63.

Adecoagro Company Profile

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.