Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,600 shares of the company’s stock after selling 9,800 shares during the period. Swiss National Bank owned approximately 0.17% of Fresh Del Monte Produce worth $2,487,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FDP. Bank of New York Mellon Corp increased its holdings in shares of Fresh Del Monte Produce by 2.3% in the 1st 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 period. Citigroup Inc. increased 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 worth $874,000 after acquiring an additional 635 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Fresh Del Monte Produce by 14.1% in 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 acquiring an additional 3,538 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of Fresh Del Monte Produce by 167.8% in the 1st quarter. Allianz Asset Management GmbH now owns 33,036 shares of the company’s stock worth $856,000 after acquiring an additional 20,699 shares during the period. Finally, Vanguard Group Inc. increased its stake in Fresh Del Monte Produce by 2.8% during the 1st 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 period. Institutional investors and hedge funds own 65.94% of the company’s stock.

Insider Transactions at Fresh Del Monte Produce

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Fresh Del Monte Produce in a research note on Thursday, August 17th. They set a “buy” rating on the stock.

Fresh Del Monte Produce Stock Down 5.7 %

Fresh Del Monte Produce stock opened at $24.99 on Wednesday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 8.78 and a beta of 0.68. The company has a current ratio of 1.97, a quick ratio of 0.99 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $26.35 and its two-hundred day moving average price is $27.83. Fresh Del Monte Produce Inc. has a 52 week low of $23.09 and a 52 week high of $32.49.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Wednesday, August 2nd. The company reported $0.96 EPS for the quarter. The firm had revenue of $1.18 billion for the quarter. Fresh Del Monte Produce had a net margin of 3.14% and a return on equity of 6.13%.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. Fresh Del Monte Produce’s dividend payout ratio is currently 27.87%.

Fresh Del Monte Produce Company Profile

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.