Fresh Del Monte Produce, Inc. $FDP Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 63.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,579 shares of the company's stock after purchasing an additional 52,996 shares during the period. Public Sector Pension Investment Board owned approximately 0.28% of Fresh Del Monte Produce worth $4,211,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Waterfront Wealth Inc. grew its holdings in shares of Fresh Del Monte Produce by 111.0% in the first quarter. Waterfront Wealth Inc. now owns 47,673 shares of the company's stock valued at $1,470,000 after purchasing an additional 25,081 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Fresh Del Monte Produce by 17.4% in the 1st quarter. New York State Teachers Retirement System now owns 22,741 shares of the company's stock valued at $701,000 after purchasing an additional 3,371 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Fresh Del Monte Produce by 17.6% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 78,671 shares of the company's stock valued at $2,425,000 after purchasing an additional 11,796 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Fresh Del Monte Produce by 2,671.9% in the 1st quarter. GAMMA Investing LLC now owns 207,393 shares of the company's stock valued at $6,727,000 after purchasing an additional 199,911 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its position in shares of Fresh Del Monte Produce by 65.5% in the 1st quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company's stock valued at $960,000 after purchasing an additional 12,316 shares during the last quarter. Institutional investors and hedge funds own 64.83% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Fresh Del Monte Produce from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th.

Fresh Del Monte Produce Stock Down 1.1%

Shares of Fresh Del Monte Produce stock traded down $0.3970 during trading hours on Thursday, hitting $35.7030. The company had a trading volume of 105,655 shares, compared to its average volume of 377,723. The company's 50-day moving average is $34.52 and its two-hundred day moving average is $32.72. Fresh Del Monte Produce, Inc. has a twelve month low of $26.50 and a twelve month high of $40.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.08 and a quick ratio of 1.11. The company has a market cap of $1.71 billion, a P/E ratio of 11.44 and a beta of 0.42.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.28. Fresh Del Monte Produce had a net margin of 3.49% and a return on equity of 6.84%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Wednesday, August 13th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. Fresh Del Monte Produce's dividend payout ratio is presently 38.46%.

Insider Buying and Selling

In related news, SVP Ziad Nabulsi sold 1,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $35.95, for a total transaction of $35,950.00. Following the completion of the sale, the senior vice president owned 10,498 shares in the company, valued at $377,403.10. This represents a 8.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Effie D. Silva sold 1,315 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $37.54, for a total transaction of $49,365.10. Following the sale, the senior vice president owned 7,377 shares of the company's stock, valued at approximately $276,932.58. This represents a 15.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,574 shares of company stock worth $4,555,575 in the last 90 days. Company insiders own 31.60% of the company's stock.

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.