Man Group plc Has $1.29 Million Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Man Group plc raised its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 116.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,740 shares of the company's stock after buying an additional 20,805 shares during the quarter. Man Group plc owned 0.08% of Fresh Del Monte Produce worth $1,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth approximately $42,522,000. Advisors Preferred LLC acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter worth approximately $7,459,000. American Century Companies Inc. grew its holdings in shares of Fresh Del Monte Produce by 22.0% during the 4th quarter. American Century Companies Inc. now owns 950,108 shares of the company's stock worth $31,553,000 after purchasing an additional 171,574 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Fresh Del Monte Produce by 21.7% during the 4th quarter. Invesco Ltd. now owns 919,612 shares of the company's stock worth $30,540,000 after purchasing an additional 164,120 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Fresh Del Monte Produce by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 4,809,451 shares of the company's stock worth $159,722,000 after purchasing an additional 133,122 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Performance

Shares of NYSE:FDP traded up $0.01 during trading on Thursday, hitting $34.49. 64,623 shares of the stock were exchanged, compared to its average volume of 330,222. Fresh Del Monte Produce Inc. has a 1-year low of $21.23 and a 1-year high of $35.27. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 104.48 and a beta of 0.36. The company's fifty day simple moving average is $32.37 and its 200-day simple moving average is $32.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The business 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 quarter in the previous year, the firm earned $0.34 EPS.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Wednesday, May 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.48%. The ex-dividend date is Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio is 39.22%.

Fresh Del Monte Produce declared that its board has approved a share repurchase program on Monday, February 24th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 10.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Insider Activity at Fresh Del Monte Produce

In related news, SVP Ziad Nabulsi sold 1,725 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.42, for a total value of $52,474.50. Following the sale, the senior vice president now owns 11,498 shares of the company's stock, valued at $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 is available through this hyperlink. Also, SVP Marissa R. Tenazas sold 1,148 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.05, for a total value of $35,645.40. Following the completion of the transaction, the senior vice president now directly owns 3,573 shares in the company, valued at approximately $110,941.65. This represents a 24.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,469 shares of company stock valued at $319,190 in the last 90 days. 31.60% of the stock is owned by corporate insiders.

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.