Van ECK Associates Corp Has $56,000 Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Van ECK Associates Corp reduced its position in Fresh Del Monte Produce Inc. (NYSE:FDPGet Rating) by 20.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,393 shares of the company’s stock after selling 603 shares during the period. Van ECK Associates Corp’s holdings in Fresh Del Monte Produce were worth $56,000 at the end of the most recent quarter.

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

Fresh Del Monte Produce Stock Performance

FDP opened at $27.25 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 19.06 and a beta of 0.66. The stock has a 50-day moving average of $26.90 and a 200-day moving average of $27.08. Fresh Del Monte Produce Inc. has a 52-week low of $22.63 and a 52-week high of $31.44. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Wednesday, November 16th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 15th. This represents a $0.60 annualized dividend and a yield of 2.20%. Fresh Del Monte Produce’s payout ratio is 41.96%.

Insider Activity at Fresh Del Monte Produce

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

Wall Street Analysts Forecast Growth

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

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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