Bank of New York Mellon Corp Has $7.94 Million Holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Bank of New York Mellon Corp trimmed its position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 257,531 shares of the company's stock after selling 13,787 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of Fresh Del Monte Produce worth $7,940,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Fresh Del Monte Produce by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 167,135 shares of the company's stock worth $5,153,000 after purchasing an additional 4,384 shares in the last quarter. New York State Teachers Retirement System lifted its position in Fresh Del Monte Produce by 17.4% in the first quarter. New York State Teachers Retirement System now owns 22,741 shares of the company's stock worth $701,000 after purchasing an additional 3,371 shares during the period. Waterfront Wealth Inc. boosted its stake in Fresh Del Monte Produce by 111.0% during the first quarter. Waterfront Wealth Inc. now owns 47,673 shares of the company's stock worth $1,470,000 after buying an additional 25,081 shares in the last quarter. CWA Asset Management Group LLC boosted its stake in Fresh Del Monte Produce by 65.5% during the first quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company's stock worth $960,000 after buying an additional 12,316 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Fresh Del Monte Produce by 1.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 36,004 shares of the company's stock valued at $1,110,000 after buying an additional 471 shares during the period. Institutional investors and hedge funds own 64.83% of the company's stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP traded up $0.38 during midday trading on Friday, reaching $35.64. 234,219 shares of the company's stock were exchanged, compared to its average volume of 302,803. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.05. The company's 50 day simple moving average is $33.58 and its two-hundred day simple moving average is $32.07. Fresh Del Monte Produce, Inc. has a 12 month low of $23.95 and a 12 month high of $35.99. The firm has a market capitalization of $1.71 billion, a PE ratio of 11.65 and a beta of 0.38.

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

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio is 39.22%.

Fresh Del Monte Produce Company 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.