Waterfront Wealth Inc. Increases Stock Position in Fresh Del Monte Produce, Inc. (NYSE:FDP)

Waterfront Wealth Inc. lifted its position in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) by 111.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,673 shares of the company's stock after purchasing an additional 25,081 shares during the quarter. Waterfront Wealth Inc. owned approximately 0.10% of Fresh Del Monte Produce worth $1,470,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. CWA Asset Management Group LLC raised its position in Fresh Del Monte Produce by 65.5% in the first quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company's stock valued at $960,000 after purchasing an additional 12,316 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Fresh Del Monte Produce by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 36,004 shares of the company's stock valued at $1,110,000 after buying an additional 471 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Fresh Del Monte Produce by 12.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 16,639 shares of the company's stock worth $513,000 after acquiring an additional 1,817 shares during the last quarter. GAMMA Investing LLC boosted its stake in 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 worth $6,727,000 after purchasing an additional 199,911 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Fresh Del Monte Produce during the 4th quarter valued at $350,000. Institutional investors and hedge funds own 64.83% of the company's stock.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP remained flat at $33.27 during mid-day trading on Wednesday. The company had a trading volume of 559,644 shares, compared to its average volume of 336,922. The company has a current ratio of 2.05, a quick ratio of 1.01 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is $33.43 and its 200 day moving average price is $31.96. The company has a market capitalization of $1.59 billion, a P/E ratio of 10.87 and a beta of 0.38. 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 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 company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.61%. The ex-dividend date was Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is 39.22%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut 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.