Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,204,445 shares, a decrease of 28.9% from the December 15th total of 1,694,951 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 948,616 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 948,616 shares, the short-interest ratio is currently 1.3 days. Currently, 1.2% of the shares of the company are short sold.

Adecoagro Price Performance

Adecoagro stock traded down $0.25 on Monday, reaching $8.19. The company’s stock had a trading volume of 655,664 shares, compared to its average volume of 753,288. The business’s fifty day moving average price is $7.95 and its 200 day moving average price is $8.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.56 and a current ratio of 2.80. The company has a market cap of $819.24 million, a price-to-earnings ratio of 35.59 and a beta of 0.43. Adecoagro has a twelve month low of $6.89 and a twelve month high of $11.78.

Adecoagro (NYSE:AGRO) last announced its earnings results on Monday, December 1st. The company reported $0.00 earnings per share for the quarter. The company had revenue of $304.21 million during the quarter. Adecoagro had a return on equity of 3.09% and a net margin of 1.67%. Equities analysts expect that Adecoagro will post 1.24 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.1749 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a yield of 444.0%. Adecoagro’s dividend payout ratio is currently 152.17%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AGRO shares. JPMorgan Chase & Co. started coverage on Adecoagro in a research note on Monday, December 1st. They set an “underweight” rating and a $7.00 price target on the stock. Wall Street Zen cut Adecoagro from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 target price for the company in a research note on Friday, January 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. Finally, Truist Financial set a $9.00 price objective on shares of Adecoagro in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus target price of $8.50.

Institutional Investors Weigh In On Adecoagro

Institutional investors and hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in Adecoagro during the 3rd quarter worth $295,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Adecoagro during the third quarter worth $1,082,000. Verition Fund Management LLC increased its holdings in Adecoagro by 26.7% in the third quarter. Verition Fund Management LLC now owns 83,517 shares of the company’s stock valued at $655,000 after purchasing an additional 17,617 shares during the last quarter. PenderFund Capital Management Ltd. bought a new stake in Adecoagro in the third quarter valued at about $1,960,000. Finally, Citadel Advisors LLC lifted its stake in Adecoagro by 335.1% in the third quarter. Citadel Advisors LLC now owns 237,170 shares of the company’s stock valued at $1,859,000 after buying an additional 182,655 shares during the period. Institutional investors 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.