Carolina Wealth Advisors LLC Sells 11,577 Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP)

Carolina Wealth Advisors LLC cut its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 59.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,826 shares of the company's stock after selling 11,577 shares during the period. Carolina Wealth Advisors LLC's holdings in Fresh Del Monte Produce were worth $241,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its holdings in shares of Fresh Del Monte Produce by 65.5% in the first quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company's stock valued at $960,000 after acquiring an additional 12,316 shares in the last quarter. SummerHaven Investment Management LLC grew its stake 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 purchasing an additional 471 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Fresh Del Monte Produce by 12.3% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 16,639 shares of the company's stock valued at $513,000 after purchasing an additional 1,817 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Fresh Del Monte Produce by 2,671.9% during the 1st 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 period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Fresh Del Monte Produce in the 4th quarter worth about $350,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, SVP Marissa R. Tenazas sold 1,148 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.05, for a total value of $35,645.40. Following the completion of the transaction, the senior vice president directly owned 3,573 shares of the company's stock, valued at approximately $110,941.65. This trade represents a 24.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.10% of the stock is currently owned by company insiders.

Fresh Del Monte Produce Stock Performance

NYSE:FDP traded up $0.83 during trading hours on Tuesday, reaching $33.25. The stock had a trading volume of 453,894 shares, compared to its average volume of 336,183. The stock has a market cap of $1.59 billion, a P/E ratio of 10.87 and a beta of 0.41. The stock has a 50 day simple moving average of $33.44 and a 200 day simple moving average of $31.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.05. Fresh Del Monte Produce, Inc. has a 12-month low of $21.23 and a 12-month high of $35.69.

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 for the quarter, topping the consensus estimate of $0.62 by $0.01. Fresh Del Monte Produce had a return on equity of 6.52% and a net margin of 3.45%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm's quarterly revenue was down .9% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

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 3.61%. The ex-dividend date was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) 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.