Victory Capital Management Inc. raised its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 216.0% in 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 approximately 0.08% of Fresh Del Monte Produce worth $1,232,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Waterfront Wealth Inc. increased its position in Fresh Del Monte Produce by 111.0% during the first quarter. Waterfront Wealth Inc. now owns 47,673 shares of the company's stock worth $1,470,000 after buying an additional 25,081 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Fresh Del Monte Produce by 17.4% during the 1st quarter. New York State Teachers Retirement System now owns 22,741 shares of the company's stock worth $701,000 after acquiring an additional 3,371 shares during the period. GAMMA Investing LLC increased its holdings in shares of Fresh Del Monte Produce by 2,671.9% during the 1st quarter. GAMMA Investing LLC now owns 207,393 shares of the company's stock worth $6,727,000 after acquiring an additional 199,911 shares during the last quarter. CWA Asset Management Group LLC raised its stake in 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 acquiring an additional 12,316 shares during the period. Finally, Deutsche Bank AG raised its stake in Fresh Del Monte Produce by 44.9% in the 4th quarter. Deutsche Bank AG now owns 31,761 shares of the company's stock valued at $1,055,000 after acquiring an additional 9,848 shares during the period. 64.83% of the stock is currently owned by institutional investors.
Fresh Del Monte Produce Stock Performance
Shares of NYSE:FDP traded down $0.26 on Friday, hitting $37.33. The company had a trading volume of 525,663 shares, compared to its average volume of 329,938. The stock has a 50 day moving average price of $33.90 and a 200 day moving average price of $32.28. The company has a current ratio of 2.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 11.96 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 1-year low of $25.32 and a 1-year high of $40.75.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.23 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $1.06 EPS. Fresh Del Monte Produce's quarterly revenue was up 3.8% on a year-over-year basis.
Fresh Del Monte Produce Announces Dividend
The company 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. Fresh Del Monte Produce's dividend payout ratio (DPR) is currently 38.46%.
About Fresh Del Monte Produce
(
Free Report)
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.
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