Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Fresh Del Monte Produce Inc. (NYSE:FDPGet Rating) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,252 shares of the company’s stock after selling 688 shares during the period. New York State Teachers Retirement System’s holdings in Fresh Del Monte Produce were worth $424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Fresh Del Monte Produce during the 2nd quarter worth approximately $32,000. Captrust Financial Advisors raised its position in shares of Fresh Del Monte Produce by 235.6% in the 1st quarter. Captrust Financial Advisors now owns 2,168 shares of the company’s stock valued at $56,000 after purchasing an additional 1,522 shares in the last quarter. KBC Group NV acquired a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at approximately $78,000. Alan B. Lancz & Associates Inc. acquired a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at approximately $131,000. Finally, Mutual of America Capital Management LLC raised its position in shares of Fresh Del Monte Produce by 17.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,622 shares of the company’s stock valued at $166,000 after purchasing an additional 826 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael J. Berthelot sold 1,400 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $27.96, for a total value of $39,144.00. Following the completion of the sale, the director now owns 13,861 shares in the company, valued at $387,553.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Helmuth Lutty sold 7,159 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $28.00, for a total transaction of $200,452.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael J. Berthelot sold 1,400 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $27.96, for a total value of $39,144.00. Following the sale, the director now directly owns 13,861 shares of the company’s stock, valued at $387,553.56. The disclosure for this sale can be found here. Insiders sold a total of 9,543 shares of company stock worth $266,663 over the last 90 days. 36.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a report on Wednesday, October 19th.

Fresh Del Monte Produce Trading Up 0.2 %

NYSE:FDP opened at $27.25 on Friday. Fresh Del Monte Produce Inc. has a 1 year low of $22.63 and a 1 year high of $31.44. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 19.06 and a beta of 0.66. The business has a fifty day moving average of $26.90 and a 200-day moving average of $27.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.90 and a current ratio of 1.88.

Fresh Del Monte Produce (NYSE:FDPGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion during the quarter. Fresh Del Monte Produce had a return on equity of 3.43% and a net margin of 1.56%.

Fresh Del Monte Produce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Wednesday, November 16th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.20%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 41.96%.

Fresh Del Monte Produce Company Profile

(Get Rating)

Fresh Del Monte Produce, Inc engages in production and distribution of fresh fruit and vegetables products. It operates through the following segments: Bananas and Fresh and Value-added products segments. The Bananas segment produces banana. The Fresh and Value-added products segment includes sales of pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, prepared meals and snacks.

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Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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