Principal Financial Group Inc. Cuts Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Principal Financial Group Inc. lessened its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 1.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 185,212 shares of the company’s stock after selling 2,140 shares during the quarter. Principal Financial Group Inc. owned 0.39% of Fresh Del Monte Produce worth $5,577,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FDP. Bank of New York Mellon Corp lifted its stake in Fresh Del Monte Produce by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 730,011 shares of the company’s stock worth $18,914,000 after acquiring an additional 16,125 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Fresh Del Monte Produce by 1.9% in the 1st quarter. Citigroup Inc. now owns 33,705 shares of the company’s stock valued at $874,000 after purchasing an additional 635 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Fresh Del Monte Produce by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,692 shares of the company’s stock worth $743,000 after purchasing an additional 3,538 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Fresh Del Monte Produce by 167.8% during the first quarter. Allianz Asset Management GmbH now owns 33,036 shares of the company’s stock worth $856,000 after purchasing an additional 20,699 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Fresh Del Monte Produce by 2.8% in the first quarter. Vanguard Group Inc. now owns 4,055,814 shares of the company’s stock valued at $105,086,000 after buying an additional 111,127 shares during the last quarter. 65.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fresh Del Monte Produce

In other news, SVP Jesus Rodriguez Calvo sold 1,605 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $28.00, for a total value of $44,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Jesus Rodriguez Calvo sold 1,605 shares of Fresh Del Monte Produce stock in a transaction on Friday, August 4th. The shares were sold at an average price of $28.00, for a total value of $44,940.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mohammed Abbas sold 5,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $27.92, for a total transaction of $139,600.00. Following the completion of the sale, the chief operating officer now owns 21,325 shares of the company’s stock, valued at approximately $595,394. The disclosure for this sale can be found here. Insiders sold 13,025 shares of company stock worth $367,196 over the last 90 days. Corporate insiders own 36.96% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Fresh Del Monte Produce in a report on Thursday, August 17th. They set a “buy” rating for the company.

Fresh Del Monte Produce Price Performance

FDP stock opened at $26.51 on Friday. The business has a 50 day moving average price of $26.32 and a 200 day moving average price of $27.87. The company has a quick ratio of 0.99, a current ratio of 1.97 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 9.24 and a beta of 0.68. Fresh Del Monte Produce Inc. has a fifty-two week low of $23.09 and a fifty-two week high of $32.49.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.96 earnings per share for the quarter. Fresh Del Monte Produce had a net margin of 3.14% and a return on equity of 6.13%. The business had revenue of $1.18 billion during the quarter.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Thursday, August 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.80 dividend on an annualized basis and a yield of 3.02%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 27.87%.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.