Allianz Asset Management GmbH lifted its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 95.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,312 shares of the company's stock after acquiring an additional 184,573 shares during the period. Allianz Asset Management GmbH owned approximately 0.79% of Fresh Del Monte Produce worth $11,633,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Fresh Del Monte Produce by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 4,809,451 shares of the company's stock valued at $159,722,000 after acquiring an additional 133,122 shares during the period. American Century Companies Inc. increased its position in Fresh Del Monte Produce by 22.0% in the 4th quarter. American Century Companies Inc. now owns 950,108 shares of the company's stock valued at $31,553,000 after buying an additional 171,574 shares in the last quarter. Invesco Ltd. increased its position in Fresh Del Monte Produce by 21.7% in the 4th quarter. Invesco Ltd. now owns 919,612 shares of the company's stock valued at $30,540,000 after buying an additional 164,120 shares in the last quarter. Geode Capital Management LLC increased its position in Fresh Del Monte Produce by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 776,161 shares of the company's stock valued at $25,782,000 after buying an additional 3,045 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in Fresh Del Monte Produce by 2.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 453,540 shares of the company's stock valued at $15,062,000 after buying an additional 12,723 shares in the last quarter. 64.83% of the stock is owned by institutional investors.
Fresh Del Monte Produce Stock Performance
Shares of Fresh Del Monte Produce stock opened at $35.64 on Friday. Fresh Del Monte Produce, Inc. has a one year low of $23.95 and a one year high of $35.99. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.65 and a beta of 0.38. The business has a 50-day simple moving average of $33.58 and a 200 day simple moving average of $32.08. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.05 and a quick ratio of 1.01.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Fresh Del Monte Produce had a return on equity of 6.52% and a net margin of 3.45%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS.
Fresh Del Monte Produce Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Wednesday, May 14th. Fresh Del Monte Produce's payout ratio is 39.22%.
Fresh Del Monte Produce Company Profile
(
Free Report)
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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