Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC decreased its position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,095 shares of the company's stock after selling 13,655 shares during the period. Nebula Research & Development LLC owned about 0.07% of Fresh Del Monte Produce worth $1,099,000 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. Rhumbline Advisers boosted its stake in shares of Fresh Del Monte Produce by 0.3% in the fourth quarter. Rhumbline Advisers now owns 104,348 shares of the company's stock valued at $3,465,000 after buying an additional 320 shares in the last quarter. Carolina Wealth Advisors LLC increased its holdings in shares of Fresh Del Monte Produce by 2.6% in the 4th quarter. Carolina Wealth Advisors LLC now owns 19,403 shares of the company's stock valued at $644,000 after purchasing an additional 486 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in shares of Fresh Del Monte Produce by 2.4% in the fourth quarter. Waterfront Wealth Inc. now owns 22,592 shares of the company's stock valued at $750,000 after purchasing an additional 526 shares during the period. Bank of Montreal Can grew its position in Fresh Del Monte Produce by 7.4% during the fourth quarter. Bank of Montreal Can now owns 9,669 shares of the company's stock worth $321,000 after buying an additional 666 shares during the period. Finally, HHM Wealth Advisors LLC grew its position in Fresh Del Monte Produce by 75.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company's stock worth $58,000 after buying an additional 750 shares during the period. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Price Performance

Shares of FDP stock traded down $0.41 during mid-day trading on Friday, reaching $33.21. The stock had a trading volume of 158,308 shares, compared to its average volume of 318,217. Fresh Del Monte Produce Inc. has a 12-month low of $21.23 and a 12-month high of $35.40. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The business has a 50-day simple moving average of $31.12 and a 200 day simple moving average of $31.74. The company has a market cap of $1.59 billion, a P/E ratio of 100.89 and a beta of 0.36.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the business posted $0.34 earnings per share. The firm'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 will be paid on Friday, June 6th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.61%. Fresh Del Monte Produce's dividend payout ratio is currently 40.40%.

Fresh Del Monte Produce declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 24th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to repurchase up to 10.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

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

Insider Transactions at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, CFO Monica Vicente sold 2,532 shares of Fresh Del Monte Produce stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $30.42, for a total value of $77,023.44. Following the transaction, the chief financial officer now owns 10,808 shares in the company, valued at $328,779.36. This trade represents a 18.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Marissa R. Tenazas sold 1,148 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.05, for a total value of $35,645.40. Following the completion of the transaction, the senior vice president now directly owns 3,573 shares in the company, 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. Insiders sold a total of 10,469 shares of company stock worth $319,190 over the last ninety days. 30.10% of the stock is currently owned by corporate insiders.

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.