Avantax Advisory Services Inc. Invests $469,000 in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Avantax Advisory Services Inc. bought a new stake in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,222 shares of the company's stock, valued at approximately $469,000.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Fresh Del Monte Produce by 2,671.9% during the first quarter. GAMMA Investing LLC now owns 207,393 shares of the company's stock worth $6,727,000 after purchasing an additional 199,911 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Fresh Del Monte Produce by 95.8% during the 1st quarter. Allianz Asset Management GmbH now owns 377,312 shares of the company's stock worth $11,633,000 after buying an additional 184,573 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of 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. Edgestream Partners L.P. purchased a new position in shares of Fresh Del Monte Produce in the 1st quarter valued at $4,242,000. Finally, Northern Trust Corp raised its stake in Fresh Del Monte Produce by 10.1% during the 4th quarter. Northern Trust Corp now owns 376,203 shares of the company's stock worth $12,494,000 after acquiring an additional 34,447 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Stock Performance

FDP traded up $0.43 on Friday, reaching $36.49. The company had a trading volume of 237,532 shares, compared to its average volume of 380,922. The stock has a 50-day moving average price of $34.02 and a 200-day moving average price of $32.41. The stock has a market capitalization of $1.75 billion, a PE ratio of 11.70 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 1 year low of $26.50 and a 1 year high of $40.75. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.10.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.28. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. Fresh Del Monte Produce had a return on equity of 6.84% and a net margin of 3.49%. The business's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Wednesday, August 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. Fresh Del Monte Produce's dividend payout ratio is currently 38.46%.

Insider Buying and Selling

In other Fresh Del Monte Produce news, CEO Ghazaleh Mohammad Abu sold 39,130 shares of Fresh Del Monte Produce stock in a transaction on Monday, August 4th. The shares were sold at an average price of $37.22, for a total value of $1,456,418.60. Following the transaction, the chief executive officer directly owned 5,093,911 shares in the company, valued at approximately $189,595,367.42. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Effie D. Silva sold 1,315 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $37.54, for a total transaction of $49,365.10. Following the sale, the senior vice president owned 7,377 shares of the company's stock, valued at $276,932.58. This trade represents a 15.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,445 shares of company stock worth $1,541,734 in the last 90 days. Company insiders own 31.60% of the company's stock.

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.