Dimensional Fund Advisors LP Sells 118,408 Shares of Fresh Del Monte Produce, Inc. $FDP

Dimensional Fund Advisors LP lowered its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 3.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,423,655 shares of the company’s stock after selling 118,408 shares during the period. Dimensional Fund Advisors LP owned 7.14% of Fresh Del Monte Produce worth $105,550,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth approximately $30,000. McIlrath & Eck LLC bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth approximately $48,000. State of Wyoming bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth approximately $54,000. Quantinno Capital Management LP bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth approximately $202,000. Finally, Syon Capital LLC bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth approximately $218,000. 64.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Fresh Del Monte Produce from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th.

Insider Activity at Fresh Del Monte Produce

In related news, SVP Effie D. Silva sold 1,315 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $37.54, for a total transaction of $49,365.10. Following the transaction, the senior vice president owned 7,377 shares in the company, valued at $276,932.58. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ziad Nabulsi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $35.95, for a total transaction of $35,950.00. Following the transaction, the senior vice president owned 10,498 shares in the company, valued at approximately $377,403.10. This trade represents a 8.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,766 shares of company stock worth $5,000,949 in the last three months. 31.60% of the stock is currently owned by company insiders.

Fresh Del Monte Produce Price Performance

Shares of FDP opened at $36.6870 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of 11.76 and a beta of 0.42. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $34.65 and a 200 day moving average of $32.81. Fresh Del Monte Produce, Inc. has a twelve month low of $26.50 and a twelve month high of $40.75.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.28. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Fresh Del Monte Produce had a net margin of 3.49% and a return on equity of 6.84%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.06 earnings per share.

Fresh Del Monte Produce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Wednesday, August 13th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. Fresh Del Monte Produce’s dividend payout ratio is 38.46%.

Fresh Del Monte Produce 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.