Jupiter Asset Management Ltd. Makes New $783,000 Investment in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Jupiter Asset Management Ltd. acquired a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,403 shares of the company's stock, valued at approximately $783,000. Jupiter Asset Management Ltd. owned approximately 0.05% of Fresh Del Monte Produce at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Parvin Asset Management LLC purchased a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth about $30,000. Sterling Capital Management LLC grew its position in shares of Fresh Del Monte Produce by 795.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock worth $36,000 after buying an additional 962 shares during the period. McIlrath & Eck LLC purchased a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth about $48,000. State of Wyoming purchased a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth about $54,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth about $202,000. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Stock Down 2.1%

NYSE:FDP opened at $36.50 on Tuesday. The firm's 50-day moving average price is $33.94 and its 200-day moving average price is $32.33. The company has a market capitalization of $1.75 billion, a PE ratio of 11.70 and a beta of 0.42. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.08 and a quick ratio of 1.11. Fresh Del Monte Produce, Inc. has a 1-year low of $25.61 and a 1-year high of $40.75.

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 for the quarter, topping analysts' consensus estimates of $0.95 by $0.28. The firm had revenue of $1.18 billion for 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 company's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.06 EPS.

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 13th. Fresh Del Monte Produce's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.