Fresh Del Monte Produce, Inc. (NYSE:FDP) Stock Position Raised by Outfitter Financial LLC

Outfitter Financial LLC grew its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 39.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 30,675 shares of the company's stock after acquiring an additional 8,600 shares during the quarter. Outfitter Financial LLC owned about 0.06% of Fresh Del Monte Produce worth $946,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FDP. Vanguard Group Inc. increased its stake in shares of Fresh Del Monte Produce by 2.8% during the fourth 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. American Century Companies Inc. lifted its stake in Fresh Del Monte Produce by 22.0% during the fourth quarter. American Century Companies Inc. now owns 950,108 shares of the company's stock valued at $31,553,000 after purchasing an additional 171,574 shares during the last quarter. Invesco Ltd. lifted its stake in Fresh Del Monte Produce by 21.7% during the fourth quarter. Invesco Ltd. now owns 919,612 shares of the company's stock valued at $30,540,000 after purchasing an additional 164,120 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Fresh Del Monte Produce by 0.4% during 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, Bridgeway Capital Management LLC raised its position in shares of Fresh Del Monte Produce by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 453,540 shares of the company's stock worth $15,062,000 after purchasing an additional 12,723 shares during the period. Institutional investors and hedge funds own 64.83% of the company's stock.

Analysts Set New Price Targets

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

Fresh Del Monte Produce Trading Up 2.5%

Shares of Fresh Del Monte Produce stock traded up $0.84 during trading on Monday, hitting $34.64. The stock had a trading volume of 87,833 shares, compared to its average volume of 336,302. The stock has a 50 day simple moving average of $33.31 and a 200 day simple moving average of $31.95. The company has a market capitalization of $1.66 billion, a PE ratio of 11.31 and a beta of 0.38. The company has a quick ratio of 1.01, a current ratio of 2.05 and a debt-to-equity ratio of 0.12. Fresh Del Monte Produce, Inc. has a 1 year low of $23.10 and a 1 year high of $35.69.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share.

Fresh Del Monte Produce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, May 14th. Fresh Del Monte Produce's payout ratio is presently 39.22%.

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.