Outfitter Financial LLC Has $946,000 Position in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Outfitter Financial LLC raised its position in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 39.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,675 shares of the company's stock after acquiring an additional 8,600 shares during the quarter. Outfitter Financial LLC owned approximately 0.06% of Fresh Del Monte Produce worth $946,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Waterfront Wealth Inc. boosted its position in Fresh Del Monte Produce by 111.0% during the first quarter. Waterfront Wealth Inc. now owns 47,673 shares of the company's stock worth $1,470,000 after purchasing an additional 25,081 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Fresh Del Monte Produce by 17.4% during the first quarter. New York State Teachers Retirement System now owns 22,741 shares of the company's stock worth $701,000 after buying an additional 3,371 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Fresh Del Monte Produce by 65.5% during the first quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company's stock worth $960,000 after buying an additional 12,316 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Fresh Del Monte Produce by 44.9% during the fourth quarter. Deutsche Bank AG now owns 31,761 shares of the company's stock worth $1,055,000 after buying an additional 9,848 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company's stock.

Analysts Set New Price Targets

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

Fresh Del Monte Produce Stock Performance

Shares of FDP traded up $0.14 during midday trading on Friday, reaching $33.89. 20,184 shares of the stock were exchanged, compared to its average volume of 335,777. Fresh Del Monte Produce, Inc. has a twelve month low of $23.10 and a twelve month high of $35.69. The company has a quick ratio of 1.01, a current ratio of 2.05 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.62 billion, a P/E ratio of 11.08 and a beta of 0.38. The stock's 50 day simple moving average is $33.30 and its 200 day simple moving average is $31.96.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 6.52% and a net margin of 3.45%. Fresh Del Monte Produce's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 39.22%.

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.

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