15,222 Shares in Fresh Del Monte Produce, Inc. (NYSE:FDP) Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. bought a new stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,222 shares of the company's stock, valued at approximately $469,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH boosted its stake in 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 valued at $11,633,000 after purchasing an additional 184,573 shares during the period. Kestra Private Wealth Services LLC bought a new stake in Fresh Del Monte Produce during the 1st quarter valued at approximately $235,000. Outfitter Financial LLC boosted its stake in Fresh Del Monte Produce by 39.0% during the 1st quarter. Outfitter Financial LLC now owns 30,675 shares of the company's stock valued at $946,000 after purchasing an additional 8,600 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Fresh Del Monte Produce during the 1st quarter valued at approximately $502,000. Finally, Victory Capital Management Inc. lifted its position in shares of Fresh Del Monte Produce by 216.0% in the 1st quarter. Victory Capital Management Inc. now owns 39,962 shares of the company's stock worth $1,232,000 after acquiring an additional 27,315 shares during the period. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock traded up $0.43 during mid-day trading on Friday, reaching $36.49. The stock had a trading volume of 237,532 shares, compared to its average volume of 375,999. The firm's 50 day simple moving average is $34.05 and its 200 day simple moving average is $32.45. 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, Inc. has a one year low of $26.50 and a one year high of $40.75. The firm has a market cap of $1.75 billion, a PE ratio of 11.70 and a beta of 0.42.

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

Fresh Del Monte Produce Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Fresh Del Monte Produce from a "buy" rating to a "strong-buy" rating in a research report on Saturday.

Insiders Place Their Bets

In related news, CEO Ghazaleh Mohammad Abu sold 39,130 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $37.22, for a total transaction of $1,456,418.60. Following the completion of the transaction, the chief executive officer owned 5,093,911 shares in the company, valued at $189,595,367.42. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Effie D. Silva sold 1,315 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $37.54, for a total value of $49,365.10. Following the transaction, 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. In the last quarter, insiders sold 41,445 shares of company stock worth $1,541,734. 31.60% of the stock is currently owned by company insiders.

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.