Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,690 shares of the company’s stock after selling 450 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Fresh Del Monte Produce were worth $255,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in shares of Fresh Del Monte Produce by 197.6% during the 4th quarter. Parallel Advisors LLC now owns 1,119 shares of the company’s stock valued at $29,000 after purchasing an additional 743 shares during the period. GAMMA Investing LLC increased its position in shares of Fresh Del Monte Produce by 232.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after purchasing an additional 1,121 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at $48,000. EntryPoint Capital LLC acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at $49,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at $174,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Fresh Del Monte Produce Stock Performance

FDP opened at $30.25 on Thursday. The firm has a market cap of $1.45 billion, a PE ratio of -59.31 and a beta of 0.44. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $25.34 and a 200-day simple moving average of $24.61. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $30.55.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Thursday, August 1st. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS.

Fresh Del Monte Produce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, August 15th. Fresh Del Monte Produce’s dividend payout ratio is presently -196.07%.

Insider Transactions at Fresh Del Monte Produce

In other news, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Alexandre Apparecido sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $27.56, for a total value of $41,340.00. Following the completion of the sale, the vice president now owns 1,139 shares of the company’s stock, valued at $31,390.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The disclosure for this sale can be found here. Insiders sold a total of 10,406 shares of company stock valued at $286,995 in the last three months. 30.10% of the stock is currently owned by corporate insiders.

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, 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.