65,175 Shares in Fresh Del Monte Produce, Inc. $FDP Purchased by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 65,175 shares of the company’s stock, valued at approximately $2,263,000. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.14% of Fresh Del Monte Produce at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Fresh Del Monte Produce by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,090 shares of the company’s stock worth $619,000 after acquiring an additional 879 shares during the last quarter. Millennium Management LLC lifted its holdings in Fresh Del Monte Produce by 1,647.2% in the 1st quarter. Millennium Management LLC now owns 596,496 shares of the company’s stock valued at $18,390,000 after purchasing an additional 562,356 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Fresh Del Monte Produce by 10.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,910 shares of the company’s stock worth $2,926,000 after purchasing an additional 9,202 shares during the last quarter. Jane Street Group LLC boosted its stake in Fresh Del Monte Produce by 2,889.0% during the 1st quarter. Jane Street Group LLC now owns 122,716 shares of the company’s stock worth $3,783,000 after purchasing an additional 127,116 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Fresh Del Monte Produce during the first quarter worth $651,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Wall Street Analyst Weigh In

FDP has been the topic of several research reports. Wall Street Zen downgraded shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Fresh Del Monte Produce Trading Up 3.9%

Shares of FDP opened at $38.45 on Friday. Fresh Del Monte Produce, Inc. has a 12-month low of $26.50 and a 12-month high of $40.75. The firm has a market capitalization of $1.84 billion, a P/E ratio of 23.59 and a beta of 0.30. The firm has a 50-day moving average price of $36.37 and a 200 day moving average price of $35.55. The company has a current ratio of 2.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09.

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

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. Fresh Del Monte Produce’s dividend payout ratio is currently 73.62%.

Insider Buying and Selling

In related news, Director Michael J. Berthelot sold 6,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $35.85, for a total value of $215,100.00. Following the sale, the director directly owned 7,499 shares in the company, valued at approximately $268,839.15. The trade was a 44.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Effie D. Silva sold 1,325 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 6,052 shares in the company, valued at $222,653.08. This trade represents a 17.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 35,883 shares of company stock valued at $1,361,045. 31.60% of the stock is currently owned by insiders.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.