IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP)

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 17.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,671 shares of the company's stock after acquiring an additional 11,796 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.16% of Fresh Del Monte Produce worth $2,425,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FDP. LPL Financial LLC acquired a new stake in shares of Fresh Del Monte Produce in the 4th quarter valued at approximately $434,000. Vanguard Group Inc. increased its holdings in shares of Fresh Del Monte Produce by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 4,809,451 shares of the company's stock worth $159,722,000 after buying an additional 133,122 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Fresh Del Monte Produce by 60.6% in the 4th quarter. Franklin Resources Inc. now owns 58,962 shares of the company's stock valued at $1,958,000 after acquiring an additional 22,252 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fresh Del Monte Produce by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 776,161 shares of the company's stock valued at $25,782,000 after acquiring an additional 3,045 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Fresh Del Monte Produce by 36.0% during the 4th quarter. Wells Fargo & Company MN now owns 36,565 shares of the company's stock worth $1,214,000 after acquiring an additional 9,673 shares during the last quarter. 64.83% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ghazaleh Mohammad Abu sold 39,130 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $37.22, for a total transaction of $1,456,418.60. Following the transaction, the chief executive officer directly owned 5,093,911 shares of the company's stock, valued at approximately $189,595,367.42. This represents a 0.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Effie D. Silva sold 1,315 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $37.54, for a total value of $49,365.10. Following 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 disclosure for this sale can be found here. 31.60% of the stock is currently owned by corporate insiders.

Fresh Del Monte Produce Trading Up 0.3%

FDP traded up $0.10 during trading on Thursday, reaching $36.25. 139,116 shares of the company's stock were exchanged, compared to its average volume of 380,579. The firm has a fifty day moving average price of $34.00 and a two-hundred day moving average price of $32.38. The stock has a market capitalization of $1.74 billion, a PE ratio of 11.62 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a one year low of $26.50 and a one year high of $40.75. The company has a current ratio of 2.08, a quick ratio of 1.11 and a debt-to-equity ratio of 0.10.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released 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 return on equity of 6.84% and a net margin of 3.49%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $1.06 EPS. The business's revenue was up 3.8% on a year-over-year basis.

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 issued a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. Fresh Del Monte Produce's dividend payout ratio is currently 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.