Deutsche Bank AG Has $1.06 Million Stock Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Deutsche Bank AG lifted its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,761 shares of the company's stock after buying an additional 9,848 shares during the quarter. Deutsche Bank AG owned about 0.07% of Fresh Del Monte Produce worth $1,055,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FDP. Parvin Asset Management LLC acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth about $30,000. Sterling Capital Management LLC boosted its holdings in Fresh Del Monte Produce by 795.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock valued at $36,000 after purchasing an additional 962 shares during the period. Sherman Asset Management Inc. acquired a new position in shares of Fresh Del Monte Produce during the 4th quarter worth approximately $54,000. Signaturefd LLC grew its position in shares of Fresh Del Monte Produce by 244.3% during the 4th quarter. Signaturefd LLC now owns 1,663 shares of the company's stock worth $55,000 after purchasing an additional 1,180 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its position in shares of Fresh Del Monte Produce by 75.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company's stock worth $58,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, SVP Ziad Nabulsi sold 1,725 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $30.42, for a total value of $52,474.50. Following the completion of the transaction, the senior vice president now directly owns 11,498 shares in the company, valued at approximately $349,769.16. The trade was a 13.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mohammed Abbas sold 5,064 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $30.42, for a total transaction of $154,046.88. Following the completion of the transaction, the chief operating officer now owns 45,560 shares of the company's stock, valued at $1,385,935.20. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,469 shares of company stock worth $319,190. 31.60% of the stock is currently owned by corporate insiders.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP traded up $0.40 during trading on Thursday, reaching $34.88. 141,576 shares of the company traded hands, compared to its average volume of 330,540. The firm has a market capitalization of $1.67 billion, a PE ratio of 105.64 and a beta of 0.36. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $35.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The company's 50 day moving average is $32.37 and its two-hundred day moving average is $32.11.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released its 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 company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. Fresh Del Monte Produce's quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Wednesday, May 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Wednesday, May 14th. Fresh Del Monte Produce's payout ratio is presently 39.22%.

Fresh Del Monte Produce declared that its board has initiated a share buyback program on Monday, February 24th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase up to 10.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

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.