MQS Management LLC Makes New Investment in Fresh Del Monte Produce, Inc. (NYSE:FDP)

MQS Management LLC bought a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,724 shares of the company's stock, valued at approximately $300,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parvin Asset Management LLC bought a new position in Fresh Del Monte Produce in the fourth quarter valued at $30,000. Sterling Capital Management LLC grew its position in Fresh Del Monte Produce by 795.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock valued at $36,000 after purchasing an additional 962 shares in the last quarter. McIlrath & Eck LLC bought a new position in Fresh Del Monte Produce in the fourth quarter valued at $48,000. State of Wyoming bought a new position in Fresh Del Monte Produce in the fourth quarter valued at $54,000. Finally, Signaturefd LLC grew its position in Fresh Del Monte Produce by 244.3% in the fourth quarter. Signaturefd LLC now owns 1,663 shares of the company's stock valued at $55,000 after purchasing an additional 1,180 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Stock Performance

Shares of FDP traded down $0.02 during midday trading on Friday, reaching $33.74. The stock had a trading volume of 126,788 shares, compared to its average volume of 336,275. The firm has a 50 day simple moving average of $33.30 and a 200-day simple moving average of $31.96. Fresh Del Monte Produce, Inc. has a one year low of $23.10 and a one year high of $35.69. The firm has a market cap of $1.62 billion, a PE ratio of 11.03 and a beta of 0.38. The company has a current ratio of 2.05, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Fresh Del Monte Produce had a net margin of 3.45% and a return on equity of 6.52%. Fresh Del Monte Produce's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is 39.22%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th.

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.