UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in 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 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,708 shares of the company's stock after selling 79,390 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.18% of Fresh Del Monte Produce worth $2,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Teza Capital Management LLC lifted its position in shares of Fresh Del Monte Produce by 99.6% in the fourth quarter. Teza Capital Management LLC now owns 16,989 shares of the company's stock valued at $564,000 after acquiring an additional 8,476 shares in the last quarter. State of Wyoming acquired a new position in Fresh Del Monte Produce in the 4th quarter valued at about $54,000. ProShare Advisors LLC lifted its holdings in Fresh Del Monte Produce by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 10,182 shares of the company's stock valued at $338,000 after purchasing an additional 3,135 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth about $202,000. Finally, Man Group plc boosted its stake in shares of Fresh Del Monte Produce by 116.0% during the 4th quarter. Man Group plc now owns 38,740 shares of the company's stock worth $1,287,000 after purchasing an additional 20,805 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Trading Up 1.2%

FDP stock traded up $0.38 during midday trading on Monday, hitting $32.83. The stock had a trading volume of 291,334 shares, compared to its average volume of 335,214. The company's 50-day moving average price is $32.93 and its 200 day moving average price is $32.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The firm has a market cap of $1.57 billion, a PE ratio of 99.47 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 12-month low of $21.23 and a 12-month high of $35.69.

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 (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.12 billion. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business's revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is 39.22%.

Fresh Del Monte Produce declared that its Board of Directors has approved a stock repurchase program on Monday, February 24th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to buy up to 10.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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 Buying and Selling at Fresh Del Monte Produce

In related 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 value of $35,645.40. Following the sale, the senior vice president now directly owns 3,573 shares of the company's stock, valued at approximately $110,941.65. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.60% of the stock is owned by company insiders.

About Fresh Del Monte Produce

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.