Fresh Del Monte Produce, Inc. $FDP Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Fresh Del Monte Produce by 1.2% in Q1, owning approximately 930,921 shares valued at $28.7 million.
• Fresh Del Monte Produce's stock recently announced a quarterly dividend of $0.30 per share, representing an annualized dividend of $1.20 with a yield of 3.3%.
• Fresh Del Monte Produce reported a quarterly earnings per share of $1.23, surpassing analysts' expectations of $0.95 and experiencing a 3.8% increase in revenue year-over-year.

Invesco Ltd. increased its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 1.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 930,921 shares of the company's stock after buying an additional 11,309 shares during the period. Invesco Ltd. owned about 1.94% of Fresh Del Monte Produce worth $28,700,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Waterfront Wealth Inc. boosted its position in shares of Fresh Del Monte Produce by 111.0% in the 1st 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 in the last quarter. New York State Teachers Retirement System boosted its position in shares of Fresh Del Monte Produce by 17.4% in the 1st quarter. New York State Teachers Retirement System now owns 22,741 shares of the company's stock worth $701,000 after buying an additional 3,371 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Fresh Del Monte Produce by 17.6% in the 1st quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 78,671 shares of the company's stock worth $2,425,000 after buying an additional 11,796 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Fresh Del Monte Produce by 2,671.9% in the 1st quarter. GAMMA Investing LLC now owns 207,393 shares of the company's stock worth $6,727,000 after buying an additional 199,911 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of 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 worth $960,000 after buying an additional 12,316 shares in the last quarter. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Fresh Del Monte Produce from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th.

Insider Buying and Selling at Fresh Del Monte Produce

In related news, SVP Effie D. Silva sold 1,315 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $37.54, for a total transaction of $49,365.10. Following the completion of the sale, the senior vice president owned 7,377 shares of the company's stock, valued at approximately $276,932.58. This represents a 15.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ziad Nabulsi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $35.95, for a total transaction of $35,950.00. Following the sale, the senior vice president directly owned 10,498 shares of the company's stock, valued at approximately $377,403.10. This trade represents a 8.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,766 shares of company stock worth $5,000,949 in the last quarter. Company insiders own 30.10% of the company's stock.

Fresh Del Monte Produce Trading Up 0.2%

Shares of NYSE FDP traded up $0.0660 on Monday, reaching $36.7260. 316,263 shares of the company traded hands, compared to its average volume of 387,034. Fresh Del Monte Produce, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $40.75. The company has a 50 day moving average of $34.73 and a 200 day moving average of $32.86. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.76 billion, a PE ratio of 11.77 and a beta of 0.42.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $1.06 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Wednesday, August 13th will be paid 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 3.3%. Fresh Del Monte Produce's dividend payout ratio is currently 38.46%.

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.