Edgestream Partners L.P. Invests $4.24 Million in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Edgestream Partners L.P. bought a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 137,607 shares of the company's stock, valued at approximately $4,242,000. Edgestream Partners L.P. owned about 0.29% of Fresh Del Monte Produce at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. SummerHaven Investment Management LLC grew its stake in shares of Fresh Del Monte Produce by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 36,004 shares of the company's stock worth $1,110,000 after acquiring an additional 471 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Fresh Del Monte Produce by 5.0% in the first quarter. Arizona State Retirement System now owns 11,688 shares of the company's stock worth $360,000 after acquiring an additional 558 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Fresh Del Monte Produce by 7.4% in the fourth quarter. Bank of Montreal Can now owns 9,669 shares of the company's stock worth $321,000 after acquiring an additional 666 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Fresh Del Monte Produce by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,211 shares of the company's stock worth $638,000 after acquiring an additional 684 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Fresh Del Monte Produce by 4.0% during the fourth quarter. MetLife Investment Management LLC now owns 20,684 shares of the company's stock valued at $687,000 after buying an additional 786 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Fresh Del Monte Produce Trading Down 1.6%

Fresh Del Monte Produce stock opened at $33.18 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.05 and a quick ratio of 1.01. Fresh Del Monte Produce, Inc. has a one year low of $22.18 and a one year high of $35.69. The stock has a market capitalization of $1.59 billion, a PE ratio of 10.84 and a beta of 0.38. The business's fifty day moving average is $33.27 and its 200 day moving average is $31.95.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the firm posted $0.34 earnings per share. Fresh Del Monte Produce's revenue was down .9% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.62%. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 39.22%.

Fresh Del Monte Produce 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.