Fresh Del Monte Produce, Inc. $FDP Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 791,447 shares of the company’s stock after selling 8,733 shares during the quarter. Geode Capital Management LLC owned about 1.65% of Fresh Del Monte Produce worth $25,662,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FDP. Vanguard Group Inc. increased its stake in Fresh Del Monte Produce by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 4,943,089 shares of the company’s stock valued at $152,395,000 after buying an additional 133,638 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fresh Del Monte Produce by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,135,569 shares of the company’s stock valued at $35,010,000 after acquiring an additional 30,216 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Fresh Del Monte Produce by 15.9% during the first quarter. American Century Companies Inc. now owns 1,101,091 shares of the company’s stock valued at $33,947,000 after acquiring an additional 150,983 shares during the period. Invesco Ltd. raised its holdings in Fresh Del Monte Produce by 1.2% during the first quarter. Invesco Ltd. now owns 930,921 shares of the company’s stock worth $28,700,000 after purchasing an additional 11,309 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in Fresh Del Monte Produce by 88.9% during the second quarter. Allianz Asset Management GmbH now owns 712,931 shares of the company’s stock worth $23,113,000 after purchasing an additional 335,619 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Effie D. Silva sold 1,325 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $36.79, for a total transaction of $48,746.75. Following the transaction, the senior vice president owned 6,052 shares in the company, valued at approximately $222,653.08. This trade represents a 17.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Berthelot sold 6,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $35.85, for a total transaction of $215,100.00. Following the completion of the sale, the director owned 7,499 shares of the company’s stock, valued at $268,839.15. This represents a 44.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,598 shares of company stock worth $273,607 in the last 90 days. 31.60% of the stock is owned by insiders.

Fresh Del Monte Produce Stock Down 0.1%

Fresh Del Monte Produce stock opened at $36.14 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.11 and a current ratio of 2.09. Fresh Del Monte Produce, Inc. has a twelve month low of $26.50 and a twelve month high of $40.75. The firm’s 50 day moving average price is $35.03 and its two-hundred day moving average price is $34.78. The firm has a market cap of $1.73 billion, a PE ratio of 22.17 and a beta of 0.39.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Wednesday, October 29th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. Fresh Del Monte Produce’s dividend payout ratio is 73.62%.

Analyst Ratings Changes

A number of equities analysts have issued reports on FDP shares. Wall Street Zen lowered Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Fresh Del Monte Produce presently has a consensus rating of “Hold”.

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.