16,285 Shares in Fresh Del Monte Produce, Inc. (NYSE:FDP) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,285 shares of the company's stock, valued at approximately $502,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Fresh Del Monte Produce by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 4,809,451 shares of the company's stock worth $159,722,000 after purchasing an additional 133,122 shares during the period. American Century Companies Inc. lifted its position in Fresh Del Monte Produce by 22.0% in the fourth quarter. American Century Companies Inc. now owns 950,108 shares of the company's stock worth $31,553,000 after purchasing an additional 171,574 shares during the period. Invesco Ltd. lifted its position in Fresh Del Monte Produce by 21.7% in the fourth quarter. Invesco Ltd. now owns 919,612 shares of the company's stock worth $30,540,000 after purchasing an additional 164,120 shares during the period. Geode Capital Management LLC lifted its position in Fresh Del Monte Produce by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 776,161 shares of the company's stock worth $25,782,000 after purchasing an additional 3,045 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in Fresh Del Monte Produce by 2.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 453,540 shares of the company's stock worth $15,062,000 after purchasing an additional 12,723 shares during the period. 64.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th.

Fresh Del Monte Produce Trading Up 0.1%

NYSE FDP opened at $33.80 on Friday. Fresh Del Monte Produce, Inc. has a 1-year low of $23.10 and a 1-year high of $35.69. The company has a current ratio of 2.05, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.62 billion, a PE ratio of 11.05 and a beta of 0.38. The firm's fifty day simple moving average is $33.31 and its 200-day simple moving average is $31.96.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. Fresh Del Monte Produce had a net margin of 3.45% and a return on equity of 6.52%. The business's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio is currently 39.22%.

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.

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