Jump Financial LLC Has $331,000 Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Jump Financial LLC trimmed its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 73.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,955 shares of the company's stock after selling 27,404 shares during the period. Jump Financial LLC's holdings in Fresh Del Monte Produce were worth $331,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FDP. Barclays PLC raised its position in shares of Fresh Del Monte Produce by 185.7% in the 3rd quarter. Barclays PLC now owns 70,694 shares of the company's stock valued at $2,087,000 after acquiring an additional 45,952 shares during the period. Geode Capital Management LLC increased its position in shares of Fresh Del Monte Produce by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 773,116 shares of the company's stock valued at $22,842,000 after buying an additional 2,767 shares in the last quarter. Tidal Investments LLC acquired a new stake in Fresh Del Monte Produce during the 3rd quarter worth $597,000. Franklin Resources Inc. lifted its holdings in Fresh Del Monte Produce by 18.0% during the third quarter. Franklin Resources Inc. now owns 36,710 shares of the company's stock worth $1,066,000 after acquiring an additional 5,587 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Fresh Del Monte Produce by 25.5% in the third quarter. JPMorgan Chase & Co. now owns 437,998 shares of the company's stock valued at $12,938,000 after acquiring an additional 88,900 shares during the period. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Stock Down 1.6 %

FDP traded down $0.54 during trading on Thursday, reaching $33.47. The company had a trading volume of 76,196 shares, compared to its average volume of 316,937. The business's fifty day moving average price is $31.04 and its 200 day moving average price is $31.71. The company has a market cap of $1.60 billion, a P/E ratio of 101.62 and a beta of 0.36. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. Fresh Del Monte Produce Inc. has a 12 month low of $21.23 and a 12 month high of $35.67.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.12 billion. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The firm's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 earnings per share.

Fresh Del Monte Produce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Fresh Del Monte Produce's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 3.59%. Fresh Del Monte Produce's dividend payout ratio (DPR) is currently 40.40%.

Fresh Del Monte Produce announced that its Board of Directors has initiated a share buyback plan on Monday, February 24th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 10.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, SVP Ziad Nabulsi sold 1,725 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.42, for a total transaction of $52,474.50. Following the transaction, the senior vice president now directly owns 11,498 shares in the company, valued at $349,769.16. The trade was a 13.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Marissa R. Tenazas sold 1,148 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.05, for a total transaction of $35,645.40. Following the completion of the sale, the senior vice president now owns 3,573 shares of the company's stock, valued at $110,941.65. This trade represents a 24.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,469 shares of company stock worth $319,190. Insiders own 30.10% of the company's stock.

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.