Vanguard Group Inc. Boosts Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Vanguard Group Inc. raised its stake in Fresh Del Monte Produce Inc. (NYSE:FDPFree Report) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,408,167 shares of the company’s stock after acquiring an additional 16,372 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Fresh Del Monte Produce worth $113,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in Fresh Del Monte Produce by 4.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 9,988 shares of the company’s stock valued at $258,000 after purchasing an additional 400 shares during the last quarter. Maryland State Retirement & Pension System raised its position in shares of Fresh Del Monte Produce by 3.7% in the third quarter. Maryland State Retirement & Pension System now owns 12,407 shares of the company’s stock valued at $321,000 after purchasing an additional 439 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Fresh Del Monte Produce by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 21,088 shares of the company’s stock valued at $545,000 after buying an additional 479 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Fresh Del Monte Produce by 22.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,813 shares of the company’s stock worth $72,000 after buying an additional 524 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Fresh Del Monte Produce by 5.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 9,590 shares of the company’s stock valued at $247,000 after buying an additional 537 shares in the last quarter. 64.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Jesus Rodriguez Calvo sold 2,402 shares of Fresh Del Monte Produce stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $24.59, for a total transaction of $59,065.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ghazaleh Amir Abu acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $23.62 per share, with a total value of $236,200.00. Following the acquisition, the director now owns 3,264,308 shares of the company’s stock, valued at approximately $77,102,954.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jesus Rodriguez Calvo sold 2,402 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $24.59, for a total transaction of $59,065.18. The disclosure for this sale can be found here. Insiders sold a total of 10,569 shares of company stock worth $258,509 over the last ninety days. 36.96% of the stock is owned by corporate insiders.

Fresh Del Monte Produce Stock Down 0.5 %

FDP stock opened at $25.36 on Thursday. The stock has a 50-day simple moving average of $24.54 and a two-hundred day simple moving average of $24.84. Fresh Del Monte Produce Inc. has a twelve month low of $21.41 and a twelve month high of $30.95. The firm has a market capitalization of $1.21 billion, a PE ratio of -101.44 and a beta of 0.56. The company has a quick ratio of 1.01, a current ratio of 2.12 and a debt-to-equity ratio of 0.21.

Fresh Del Monte Produce (NYSE:FDPGet Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.06). The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Fresh Del Monte Produce had a positive return on equity of 5.11% and a negative net margin of 0.26%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share.

Fresh Del Monte Produce Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 7th were paid a dividend of $0.25 per share. This is a positive change from Fresh Del Monte Produce’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 6th. This represents a $1.00 annualized dividend and a yield of 3.94%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently -400.00%.

Analyst Ratings Changes

Separately, TheStreet lowered Fresh Del Monte Produce from a “b-” rating to a “c” rating in a report on Monday, February 26th.

Get Our Latest Analysis on Fresh Del Monte Produce

Fresh Del Monte Produce Profile

(Free Report)

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South 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.

See Also

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

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