Carolina Wealth Advisors LLC cut its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 59.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new stake in shares of Fresh Del Monte Produce during the fourth quarter worth approximately $30,000. Sterling Capital Management LLC increased its stake in shares of Fresh Del Monte Produce by 795.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock worth $36,000 after buying an additional 962 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Fresh Del Monte Produce during the fourth quarter worth approximately $48,000. Sherman Asset Management Inc. purchased a new stake in shares of Fresh Del Monte Produce during the fourth quarter worth approximately $54,000. Finally, State of Wyoming acquired a new position in Fresh Del Monte Produce in the fourth quarter valued at approximately $54,000. 64.83% of the stock is currently owned by hedge funds and other institutional investors.
Fresh Del Monte Produce Stock Performance
Shares of FDP opened at $32.02 on Friday. The stock has a 50 day moving average price of $33.46 and a 200 day moving average price of $31.99. The company has a quick ratio of 1.01, a current ratio of 2.05 and a debt-to-equity ratio of 0.12. Fresh Del Monte Produce, Inc. has a 52-week low of $21.23 and a 52-week high of $35.69. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.46 and a beta of 0.41.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business's revenue was down .9% compared to the same quarter last year.
Fresh Del Monte Produce Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.75%. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 39.22%.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th.
Check Out Our Latest Report on Fresh Del Monte Produce
Insider Transactions at Fresh Del Monte Produce
In other 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 transaction of $35,645.40. Following the transaction, the senior vice president now directly owns 3,573 shares in the company, valued at approximately $110,941.65. This trade represents a 24.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 31.60% of the company's stock.
About Fresh Del Monte Produce
(
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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