Hsbc Holdings PLC Has $596,000 Stock Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Hsbc Holdings PLC lifted its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 2.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,260 shares of the company’s stock after buying an additional 594 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Fresh Del Monte Produce worth $596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FDP. Allianz Asset Management GmbH increased its position in Fresh Del Monte Produce by 107.6% during the fourth quarter. Allianz Asset Management GmbH now owns 477,811 shares of the company’s stock worth $12,543,000 after acquiring an additional 247,702 shares during the period. American Century Companies Inc. grew its position in shares of Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after purchasing an additional 156,344 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Fresh Del Monte Produce by 3.2% during the first quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock worth $119,194,000 after purchasing an additional 143,363 shares during the period. LSV Asset Management raised its position in shares of Fresh Del Monte Produce by 31.4% in the second quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after buying an additional 88,498 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in shares of Fresh Del Monte Produce by 29.2% in the fourth quarter. Invenomic Capital Management LP now owns 344,975 shares of the company’s stock valued at $9,056,000 after buying an additional 78,067 shares during the period. Institutional investors and hedge funds own 64.83% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Monica Vicente sold 1,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $27.44, for a total value of $49,392.00. Following the transaction, the chief financial officer now directly owns 3,466 shares of the company’s stock, valued at approximately $95,107.04. The disclosure for this sale can be found here. Insiders sold 10,915 shares of company stock worth $301,603 over the last three months. Insiders own 30.10% of the company’s stock.

Fresh Del Monte Produce Stock Up 0.9 %

FDP stock opened at $29.53 on Tuesday. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $30.59. The business has a 50-day simple moving average of $27.82 and a 200 day simple moving average of $25.24. 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 company has a market cap of $1.41 billion, a PE ratio of -57.90 and a beta of 0.42.

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

Fresh Del Monte Produce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 3.39%. Fresh Del Monte Produce’s dividend payout ratio is currently -196.08%.

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, 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.