Teacher Retirement System of Texas Lowers Holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Teacher Retirement System of Texas decreased its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 15.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,171 shares of the company's stock after selling 42,494 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.47% of Fresh Del Monte Produce worth $6,942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDP. GAMMA Investing LLC raised its holdings in shares of Fresh Del Monte Produce by 2,671.9% in the 1st quarter. GAMMA Investing LLC now owns 207,393 shares of the company's stock valued at $6,727,000 after purchasing an additional 199,911 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Fresh Del Monte Produce by 22.0% in the 4th 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 in the last quarter. Invesco Ltd. grew its position in shares of Fresh Del Monte Produce by 21.7% in the 4th quarter. Invesco Ltd. now owns 919,612 shares of the company's stock worth $30,540,000 after buying an additional 164,120 shares during the last quarter. Vanguard Group Inc. grew 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 worth $159,722,000 after buying an additional 133,122 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Fresh Del Monte Produce during the fourth quarter valued at approximately $4,114,000. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Down 1.1%

Shares of FDP stock traded down $0.35 during trading hours on Monday, reaching $32.78. 249,208 shares of the company's stock were exchanged, compared to its average volume of 336,948. The stock's 50 day moving average is $33.36 and its 200-day moving average is $31.94. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 10.71 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, Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.69.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 3.45% and a return on equity of 6.52%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company 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. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 39.22%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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.