Artigas Manuela Vaz Sells 1,163 Shares of Adecoagro (NYSE:AGRO) Stock

Adecoagro S.A. (NYSE:AGRO) Director Artigas Manuela Vaz sold 1,163 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $13.03, for a total value of $15,153.89. Following the completion of the transaction, the director owned 10,735 shares in the company, valued at approximately $139,877.05. This trade represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Artigas Manuela Vaz also recently made the following trade(s):

• On Tuesday, April 7th, Artigas Manuela Vaz sold 1,000 shares of Adecoagro stock. The stock was sold at an average price of $15.03, for a total value of $15,030.00.

Adecoagro Stock Performance

AGRO stock opened at $13.23 on Friday. The company has a market cap of $1.32 billion, a P/E ratio of -165.35, a price-to-earnings-growth ratio of 0.28 and a beta of 0.08. Adecoagro S.A. has a 1 year low of $6.89 and a 1 year high of $15.89. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 0.82. The stock’s fifty day moving average price is $12.03 and its 200-day moving average price is $9.46.

Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $432.91 million during the quarter. Adecoagro had a negative return on equity of 1.17% and a negative net margin of 0.55%. On average, equities analysts forecast that Adecoagro S.A. will post 1.38 earnings per share for the current year.

Adecoagro Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, May 4th will be paid a $0.1213 dividend. This represents a dividend yield of 183.0%. The ex-dividend date is Monday, May 4th. Adecoagro’s dividend payout ratio (DPR) is -437.50%.

Hedge Funds Weigh In On Adecoagro

A number of institutional investors have recently bought and sold shares of AGRO. Goldman Sachs Group Inc. raised its holdings in Adecoagro by 48.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock worth $969,000 after purchasing an additional 28,275 shares during the period. Jane Street Group LLC raised its holdings in Adecoagro by 20.5% in the 1st quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock worth $2,112,000 after purchasing an additional 32,169 shares during the period. Invesco Ltd. raised its holdings in Adecoagro by 86.5% in the 2nd quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock worth $4,192,000 after purchasing an additional 212,685 shares during the period. Ameriprise Financial Inc. raised its holdings in Adecoagro by 32.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after purchasing an additional 90,518 shares during the period. Finally, Engineers Gate Manager LP raised its holdings in Adecoagro by 115.7% in the 2nd quarter. Engineers Gate Manager LP now owns 191,927 shares of the company’s stock worth $1,754,000 after purchasing an additional 102,955 shares during the period. 45.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

AGRO has been the topic of a number of research reports. Truist Financial set a $9.00 price target on Adecoagro in a research note on Friday, January 9th. Bank of America upgraded Adecoagro from an “underperform” rating to a “neutral” rating and set a $9.00 price target on the stock in a research note on Friday, January 9th. Zacks Research cut Adecoagro from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Weiss Ratings raised Adecoagro from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen raised Adecoagro from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and a consensus price target of $11.53.

Key Adecoagro News

Here are the key news stories impacting Adecoagro this week:

• Positive Sentiment: Board approved a cash dividend of $17.5 million (US$0.12126801 per share), payable May 19 with a record date of May 4 — the first of two tranches, which returns cash to shareholders and can support the share price. Adecoagro announces declaration of cash dividends
• Neutral Sentiment: Multiple directors each sold identical blocks of 1,163 shares on April 21 at ~$13.03 per share to cover tax withholding associated with equity vesting — routine “sell-to-cover” transactions that are not necessarily a negative signal about insider confidence. SEC filings and disclosure available. Director sells to cover tax withholding
• Neutral Sentiment: Media/analyst coverage: Zacks published valuation and peer-comparison pieces on Adecoagro that could attract value or momentum buyers if the articles highlight constructive estimate revisions. These are informational and may modestly influence flows. Is Adecoagro (AGRO) Stock Undervalued Right Now? Are Consumer Staples Stocks Lagging Adecoagro (AGRO) This Year?
• Negative Sentiment: Analyst/consensus positioning is mixed-to-cautious: Market consensus is a “Hold” with an average target (~$11.53) below current levels, which can cap upside and encourage short-term profit-taking by investors. Recent broker notes include upgrades but overall limited buy-side conviction. MarketBeat Adecoagro coverage

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.