Centiva Capital LP Purchases New Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Centiva Capital LP purchased a new stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,921 shares of the company's stock, valued at approximately $496,000.

Other large investors have also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in shares of Fresh Del Monte Produce during the fourth quarter worth $30,000. Sterling Capital Management LLC boosted its stake in Fresh Del Monte Produce by 795.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock worth $36,000 after acquiring an additional 962 shares in the last quarter. Sherman Asset Management Inc. bought a new position in Fresh Del Monte Produce during the fourth quarter worth $54,000. Signaturefd LLC boosted its stake in Fresh Del Monte Produce by 244.3% during the fourth quarter. Signaturefd LLC now owns 1,663 shares of the company's stock worth $55,000 after acquiring an additional 1,180 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in Fresh Del Monte Produce by 75.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company's stock worth $58,000 after acquiring an additional 750 shares in the last quarter. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Down 3.0%

Shares of Fresh Del Monte Produce stock traded down $0.98 during trading hours on Wednesday, reaching $31.79. The company's stock had a trading volume of 407,767 shares, compared to its average volume of 325,057. The company has a market capitalization of $1.52 billion, a P/E ratio of 96.34 and a beta of 0.36. The stock's fifty day simple moving average is $31.58 and its two-hundred day simple moving average is $31.97. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.12 billion. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The business's revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.77%. The ex-dividend date is Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 39.22%.

Fresh Del Monte Produce declared that its board has authorized a share buyback plan on Monday, February 24th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th.

Insider Buying and Selling

In other Fresh Del Monte Produce news, CFO Monica Vicente sold 2,532 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.42, for a total value of $77,023.44. Following the transaction, the chief financial officer now directly owns 10,808 shares in the company, valued at $328,779.36. The trade was a 18.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marissa R. Tenazas sold 1,148 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.05, for a total transaction of $35,645.40. Following the completion of the transaction, the senior vice president now owns 3,573 shares in the company, valued at approximately $110,941.65. The trade was a 24.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,469 shares of company stock worth $319,190. 31.60% of the stock is owned by insiders.

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.