LSV Asset Management Has $17.88 Million Stock Position in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Key Points

• LSV Asset Management increased its holdings in Fresh Del Monte Produce by 68.8%, now owning 580,018 shares valued at approximately $17.88 million.
• Fresh Del Monte Produce reported a quarterly revenue of $1.18 billion, exceeding analysts' estimates, and an EPS of $1.23, which surpasses the consensus estimate of $0.95.
• The company declared a quarterly dividend of $0.30 per share, resulting in an annualized yield of 3.4%, with a dividend payout ratio of 38.46%.

LSV Asset Management raised its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 68.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 580,018 shares of the company's stock after purchasing an additional 236,476 shares during the period. LSV Asset Management owned 1.21% of Fresh Del Monte Produce worth $17,882,000 as of its most recent filing with the Securities and Exchange Commission.

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

Fresh Del Monte Produce Trading Up 0.8%

Fresh Del Monte Produce stock traded up $0.30 during mid-day trading on Wednesday, hitting $36.10. 361,054 shares of the company's stock were exchanged, compared to its average volume of 382,285. 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 firm has a market capitalization of $1.73 billion, a P/E ratio of 11.57 and a beta of 0.42. The company's 50 day simple moving average is $33.96 and its 200-day simple moving average is $32.35. Fresh Del Monte Produce, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $40.75.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.23 earnings per share (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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $1.06 EPS. Fresh Del Monte Produce's revenue for the quarter was up 3.8% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

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