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

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,671 shares of the company's stock after buying an additional 11,796 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.16% of Fresh Del Monte Produce worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. LSV Asset Management boosted its stake in Fresh Del Monte Produce by 68.8% during the first quarter. LSV Asset Management now owns 580,018 shares of the company's stock worth $17,882,000 after buying an additional 236,476 shares during the period. GAMMA Investing LLC boosted its stake in Fresh Del Monte Produce by 2,671.9% during the first 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 during the period. Allianz Asset Management GmbH boosted its stake in Fresh Del Monte Produce by 95.8% during the first quarter. Allianz Asset Management GmbH now owns 377,312 shares of the company's stock worth $11,633,000 after buying an additional 184,573 shares during the period. Invesco Ltd. boosted its stake in Fresh Del Monte Produce by 21.7% during the fourth quarter. Invesco Ltd. now owns 919,612 shares of the company's stock worth $30,540,000 after buying an additional 164,120 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Fresh Del Monte Produce during the first quarter worth $4,242,000. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Trading Down 2.1%

Shares of FDP traded down $0.77 during trading hours on Tuesday, reaching $35.78. 373,699 shares of the company traded hands, compared to its average volume of 366,063. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.47 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 12-month low of $26.50 and a 12-month 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. The stock's fifty day moving average price is $33.94 and its 200 day moving average price is $32.33.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.28. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. Fresh Del Monte Produce had a net margin of 3.49% and a return on equity of 6.84%. The firm's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share.

Fresh Del Monte Produce Announces Dividend

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 3.4%. Fresh Del Monte Produce's dividend payout ratio is 38.46%.

Fresh Del Monte Produce 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.