Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP – Get Rating) by 90.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 334,798 shares of the company’s stock after purchasing an additional 158,696 shares during the quarter. Victory Capital Management Inc. owned about 0.70% of Fresh Del Monte Produce worth $9,575,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH boosted its stake in Fresh Del Monte Produce by 131.3% during the third quarter. Allianz Asset Management GmbH now owns 89,842 shares of the company’s stock valued at $2,088,000 after buying an additional 51,006 shares in the last quarter. Swiss National Bank raised its holdings in shares of Fresh Del Monte Produce by 1.9% in the 4th quarter. Swiss National Bank now owns 92,400 shares of the company’s stock worth $2,420,000 after purchasing an additional 1,700 shares in the last quarter. HBK Sorce Advisory LLC acquired a new stake in Fresh Del Monte Produce during the fourth quarter valued at approximately $310,000. CWM LLC grew its position in Fresh Del Monte Produce by 3.7% in the fourth quarter. CWM LLC now owns 47,827 shares of the company’s stock worth $1,253,000 after buying an additional 1,696 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its position in Fresh Del Monte Produce by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 26,143 shares of the company’s stock worth $685,000 after buying an additional 411 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Fresh Del Monte Produce in a research note on Thursday, May 18th. They set a “buy” rating for the company.

Fresh Del Monte Produce Price Performance

NYSE FDP opened at $26.71 on Thursday. The company has a current ratio of 2.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Fresh Del Monte Produce Inc. has a 1 year low of $22.63 and a 1 year high of $32.49. The company has a market cap of $1.28 billion, a PE ratio of 11.51 and a beta of 0.66. The stock’s 50-day moving average price is $28.76 and its two-hundred day moving average price is $28.27.

Fresh Del Monte Produce (NYSE:FDP – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Fresh Del Monte Produce had a net margin of 2.52% and a return on equity of 4.93%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s revenue was down .7% compared to the same quarter last year.

Fresh Del Monte Produce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Wednesday, May 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.00%. This is a positive change from Fresh Del Monte Produce’s previous quarterly dividend of $0.15. Fresh Del Monte Produce’s dividend payout ratio is presently 34.48%.

Insider Activity

In other Fresh Del Monte Produce news, SVP Hans Sauter sold 1,499 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $30.76, for a total transaction of $46,109.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fresh Del Monte Produce news, SVP Hans Sauter sold 1,499 shares of Fresh Del Monte Produce stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $30.76, for a total transaction of $46,109.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sergio Mancilla sold 1,485 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $30.20, for a total value of $44,847.00. Following the sale, the vice president now owns 68 shares of the company’s stock, valued at $2,053.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,502 shares of company stock worth $107,506. 36.96% of the stock is owned by corporate insiders.

Fresh Del Monte Produce Company Profile

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Fresh Del Monte Produce, Inc engages in production and distribution of fresh fruit and vegetable products. It operates through the following segments: Fresh and Value-added products, Bananas, and Other Products and Services. 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, and prepared meals and snacks.