Adecoagro S.A. (NYSE:AGRO) Shares Bought by Jennison Associates LLC

Jennison Associates LLC raised its holdings in Adecoagro S.A. (NYSE:AGRO) by 5.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,371,368 shares of the company’s stock after acquiring an additional 255,684 shares during the period. Jennison Associates LLC owned about 0.05% of Adecoagro worth $59,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AGRO. Sapient Capital LLC acquired a new stake in Adecoagro during the 4th quarter worth about $2,294,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Adecoagro by 60.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 442,671 shares of the company’s stock worth $4,914,000 after buying an additional 167,608 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Adecoagro by 388.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 362,097 shares of the company’s stock worth $4,233,000 after buying an additional 287,919 shares during the period. Hsbc Holdings PLC raised its holdings in Adecoagro by 1.5% during the 3rd quarter. Hsbc Holdings PLC now owns 205,807 shares of the company’s stock worth $2,408,000 after buying an additional 2,998 shares during the period. Finally, Citigroup Inc. raised its holdings in Adecoagro by 41.0% during the 3rd quarter. Citigroup Inc. now owns 236,988 shares of the company’s stock worth $2,770,000 after buying an additional 68,925 shares during the period. 45.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a report on Saturday, April 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.17.

Adecoagro Price Performance

Adecoagro stock opened at $11.14 on Wednesday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 5.28 and a beta of 1.12. Adecoagro S.A. has a 1 year low of $7.93 and a 1 year high of $12.51. The business has a 50-day moving average of $10.49 and a 200-day moving average of $10.69. The company has a current ratio of 2.14, a quick ratio of 1.20 and a debt-to-equity ratio of 0.55.

Adecoagro (NYSE:AGRO) last posted its earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $263.95 million for the quarter. Adecoagro had a return on equity of 10.86% and a net margin of 17.42%. On average, equities analysts anticipate that Adecoagro S.A. will post 1.69 EPS for the current year.

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.