XTX Topco Ltd Acquires Shares of 12,657 Fresh Del Monte Produce, Inc. (NYSE:FDP)

Key Points

• XTX Topco Ltd has acquired 12,657 shares of Fresh Del Monte Produce, valued at approximately $390,000, in the first quarter of the year.
• Fresh Del Monte Produce announced a quarterly dividend of $0.30 per share, representing an annualized dividend yield of 3.3%, payable on September 5th.
• Insider transactions revealed the senior vice president sold 1,315 shares, while the CEO sold 39,130 shares, indicating ongoing activity within the management team.

XTX Topco Ltd bought a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,657 shares of the company's stock, valued at approximately $390,000.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in shares of Fresh Del Monte Produce in the 4th quarter valued at about $434,000. Franklin Resources Inc. raised its holdings in shares of Fresh Del Monte Produce by 60.6% in the 4th quarter. Franklin Resources Inc. now owns 58,962 shares of the company's stock valued at $1,958,000 after purchasing an additional 22,252 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Fresh Del Monte Produce by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 776,161 shares of the company's stock valued at $25,782,000 after purchasing an additional 3,045 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Fresh Del Monte Produce by 36.0% in the 4th quarter. Wells Fargo & Company MN now owns 36,565 shares of the company's stock valued at $1,214,000 after purchasing an additional 9,673 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Fresh Del Monte Produce by 7.4% in the 4th 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. 64.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Fresh Del Monte Produce from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Fresh Del Monte Produce Stock Down 0.1%

Shares of FDP traded down $0.03 during mid-day trading on Wednesday, hitting $36.83. 99,610 shares of the company traded hands, compared to its average volume of 379,321. Fresh Del Monte Produce, Inc. has a 1-year low of $26.50 and a 1-year high of $40.75. The company has a quick ratio of 1.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.77 billion, a PE ratio of 11.79 and a beta of 0.42. The business has a 50 day moving average of $34.11 and a 200 day moving average of $32.53.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.95 by $0.28. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Fresh Del Monte Produce had a return on equity of 6.84% and a net margin of 3.49%. Fresh Del Monte Produce's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Wednesday, August 13th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, August 13th. Fresh Del Monte Produce's payout ratio is presently 38.46%.

Insider Buying and Selling

In related news, SVP Ziad Nabulsi sold 1,000 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $35.95, for a total value of $35,950.00. Following the sale, the senior vice president directly owned 10,498 shares in the company, valued at approximately $377,403.10. The trade was a 8.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ghazaleh Mohammad Abu sold 20,000 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $36.89, for a total value of $737,800.00. Following the completion of the sale, the chief executive officer owned 5,068,357 shares in the company, valued at approximately $186,971,689.73. The trade was a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,999 shares of company stock worth $2,482,255. Insiders own 30.10% of the company's stock.

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.