UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 79,390 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,708 shares of the company's stock after selling 79,390 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Fresh Del Monte Produce worth $2,846,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Parvin Asset Management LLC acquired a new stake in shares of Fresh Del Monte Produce in the 4th quarter valued at $30,000. Sterling Capital Management LLC boosted its holdings in shares of Fresh Del Monte Produce by 795.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock valued at $36,000 after acquiring an additional 962 shares in the last quarter. Sherman Asset Management Inc. acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter valued at $54,000. State of Wyoming acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter valued at $54,000. Finally, Signaturefd LLC boosted its holdings 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 valued at $55,000 after acquiring an additional 1,180 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company's stock.

Fresh Del Monte Produce Trading Down 1.0%

NYSE:FDP traded down $0.32 during trading hours on Friday, hitting $32.45. 408,022 shares of the company were exchanged, compared to its average volume of 334,950. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 98.34 and a beta of 0.41. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.69. The company has a fifty day simple moving average of $32.93 and a 200 day simple moving average of $32.12.

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

Fresh Del Monte Produce announced that its board has initiated a stock repurchase plan on Monday, February 24th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to repurchase up to 10.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 14th were paid 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 yield of 3.70%. Fresh Del Monte Produce's dividend payout ratio (DPR) is currently 39.22%.

Insider Transactions at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, SVP Marissa R. Tenazas sold 1,148 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 3,573 shares of the company's stock, valued at $110,941.65. The trade was a 24.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 30.10% of the company's stock.

Wall Street Analyst Weigh In

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

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.