Victory Capital Management Inc. Increases Holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Victory Capital Management Inc. boosted its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 216.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,962 shares of the company's stock after purchasing an additional 27,315 shares during the quarter. Victory Capital Management Inc. owned about 0.08% of Fresh Del Monte Produce worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Edgestream Partners L.P. bought a new position in shares of Fresh Del Monte Produce during the 1st quarter valued at approximately $4,242,000. MQS Management LLC purchased a new position in Fresh Del Monte Produce during the first quarter worth $300,000. Arizona State Retirement System increased its position in Fresh Del Monte Produce by 5.0% during the first quarter. Arizona State Retirement System now owns 11,688 shares of the company's stock valued at $360,000 after acquiring an additional 558 shares during the last quarter. Penserra Capital Management LLC increased its position in Fresh Del Monte Produce by 21.0% during the first quarter. Penserra Capital Management LLC now owns 9,683 shares of the company's stock valued at $298,000 after acquiring an additional 1,679 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Fresh Del Monte Produce by 2.7% in the first quarter. Principal Financial Group Inc. now owns 167,135 shares of the company's stock valued at $5,153,000 after acquiring an additional 4,384 shares during the period. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Trading Down 0.7%

Shares of Fresh Del Monte Produce stock traded down $0.26 during trading on Friday, hitting $37.33. The stock had a trading volume of 525,663 shares, compared to its average volume of 329,938. Fresh Del Monte Produce, Inc. has a 12 month low of $25.32 and a 12 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 1.01. The firm's fifty day simple moving average is $33.90 and its 200-day simple moving average is $32.29. The stock has a market cap of $1.79 billion, a PE ratio of 11.96 and a beta of 0.42.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.23 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Wednesday, August 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, August 13th. Fresh Del Monte Produce's dividend payout ratio is 38.46%.

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.