Fresh Del Monte Produce, Inc. (NYSE:FDP) Stock Position Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 15.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,171 shares of the company's stock after selling 42,494 shares during the quarter. Teacher Retirement System of Texas owned about 0.47% of Fresh Del Monte Produce worth $6,942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. SummerHaven Investment Management LLC boosted its holdings in Fresh Del Monte Produce by 1.3% during the first quarter. SummerHaven Investment Management LLC now owns 36,004 shares of the company's stock worth $1,110,000 after buying an additional 471 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Fresh Del Monte Produce by 7.4% in the fourth quarter. Bank of Montreal Can now owns 9,669 shares of the company's stock valued at $321,000 after purchasing an additional 666 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Fresh Del Monte Produce by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,211 shares of the company's stock valued at $638,000 after purchasing an additional 684 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Fresh Del Monte Produce by 4.0% in the fourth quarter. MetLife Investment Management LLC now owns 20,684 shares of the company's stock valued at $687,000 after purchasing an additional 786 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of Fresh Del Monte Produce in the fourth quarter valued at about $30,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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 Trading Down 0.3%

FDP stock traded down $0.09 on Tuesday, hitting $32.71. 4,564 shares of the company were exchanged, compared to its average volume of 335,644. Fresh Del Monte Produce, Inc. has a twelve month low of $21.23 and a twelve month high of $35.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.05 and a quick ratio of 1.01. The business's fifty day moving average is $33.32 and its two-hundred day moving average is $31.94. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 10.69 and a beta of 0.38.

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

Fresh Del Monte Produce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors 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 yield of 3.67%. The ex-dividend date of this dividend was Wednesday, May 14th. Fresh Del Monte Produce's payout ratio is 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.