Virginia Retirement Systems ET AL lessened its position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 7.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,200 shares of the company’s stock after selling 2,400 shares during the quarter. Virginia Retirement Systems ET AL owned about 0.06% of Fresh Del Monte Produce worth $1,282,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank increased its holdings in Fresh Del Monte Produce by 3.3% in the 2nd quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock valued at $213,000 after purchasing an additional 133 shares during the last quarter. ETRADE Capital Management LLC acquired a new stake in Fresh Del Monte Produce in the 3rd quarter valued at approximately $213,000. Suntrust Banks Inc. increased its holdings in Fresh Del Monte Produce by 6.5% in the 2nd quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock valued at $271,000 after purchasing an additional 326 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Fresh Del Monte Produce in the 3rd quarter valued at approximately $335,000. Finally, GSA Capital Partners LLP acquired a new stake in Fresh Del Monte Produce in the 2nd quarter valued at approximately $337,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.
Fresh Del Monte Produce, Inc. (FDP) traded up $0.11 during trading on Thursday, reaching $49.28. 263,500 shares of the company traded hands, compared to its average volume of 257,405. Fresh Del Monte Produce, Inc. has a 12-month low of $43.02 and a 12-month high of $62.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.64 and a quick ratio of 1.27. The firm has a market cap of $2,445.56, a P/E ratio of 17.94 and a beta of 0.44.
Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, October 31st. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.62). Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The company had revenue of $952.70 million during the quarter. During the same period in the previous year, the business earned $1.17 EPS. The business’s revenue was up .3% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.22%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 22.06%.
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About Fresh Del Monte Produce
Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.
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