Jump Financial LLC Purchases 51,501 Shares of Fresh Del Monte Produce, Inc. $FDP

Key Points

• Jump Financial LLC increased its stake in Fresh Del Monte Produce by 517.3%, owning approximately 0.13% of the company stock worth about $1.90 million as of the latest quarter.
• A total of 64.83% of Fresh Del Monte Produce’s shares are owned by institutional investors and hedge funds, showing significant institutional interest in the company.
• Fresh Del Monte Produce recently announced a quarterly dividend of $0.30, representing a 3.3% dividend yield and a payout ratio of 38.46%.

Jump Financial LLC boosted its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 517.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,456 shares of the company's stock after acquiring an additional 51,501 shares during the quarter. Jump Financial LLC owned 0.13% of Fresh Del Monte Produce worth $1,895,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FDP. Parvin Asset Management LLC bought a new stake in Fresh Del Monte Produce during the fourth quarter valued at $30,000. McIlrath & Eck LLC bought a new stake in shares of Fresh Del Monte Produce during the fourth quarter valued at approximately $48,000. State of Wyoming bought a new position in shares of Fresh Del Monte Produce in the 4th quarter worth $54,000. Quantinno Capital Management LP bought a new position in shares of Fresh Del Monte Produce in the 4th quarter worth $202,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in Fresh Del Monte Produce in the 1st quarter valued at $235,000. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Stock Up 1.8%

FDP stock traded up $0.63 during trading on Monday, reaching $36.26. The stock had a trading volume of 282,860 shares, compared to its average volume of 326,817. 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 quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $34.96 and its two-hundred day moving average is $33.01. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 11.62 and a beta of 0.43.

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

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Wednesday, August 13th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.20 annualized dividend and a yield of 3.3%. Fresh Del Monte Produce's dividend payout ratio is presently 38.46%.

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 report on Saturday, August 9th.

Insider Activity at Fresh Del Monte Produce

In related news, SVP Effie D. Silva sold 1,315 shares of Fresh Del Monte Produce 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. The trade was a 15.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ghazaleh Mohammad Abu sold 7,575 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.61, for a total value of $277,320.75. Following the transaction, the chief executive officer directly owned 5,040,782 shares of the company's stock, valued at approximately $184,543,029.02. This trade represents a 0.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,766 shares of company stock worth $5,000,949. Insiders own 31.60% of the company's stock.

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.