Kovitz Investment Group Partners LLC Purchases New Shares in Fresh Del Monte Produce Inc. (NYSE:FDP)

Kovitz Investment Group Partners LLC purchased a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,811 shares of the company's stock, valued at approximately $1,491,000. Kovitz Investment Group Partners LLC owned about 0.12% of Fresh Del Monte Produce as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Fresh Del Monte Produce by 0.4% in the third quarter. Vanguard Group Inc. now owns 4,408,167 shares of the company's stock valued at $113,907,000 after acquiring an additional 16,372 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Fresh Del Monte Produce by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 839,623 shares of the company's stock worth $22,040,000 after acquiring an additional 17,987 shares during the period. Victory Capital Management Inc. raised its holdings in Fresh Del Monte Produce by 15.7% in the 3rd quarter. Victory Capital Management Inc. now owns 479,557 shares of the company's stock valued at $12,392,000 after acquiring an additional 64,993 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Fresh Del Monte Produce by 83.8% during the 3rd quarter. AQR Capital Management LLC now owns 280,064 shares of the company's stock valued at $7,237,000 after acquiring an additional 127,682 shares during the period. Finally, LSV Asset Management lifted its position in shares of Fresh Del Monte Produce by 20.6% during the 4th quarter. LSV Asset Management now owns 246,202 shares of the company's stock valued at $6,463,000 after acquiring an additional 41,998 shares during the period. Institutional investors own 64.83% of the company's stock.

Insider Buying and Selling

In other news, CFO Monica Vicente sold 1,083 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $24.35, for a total transaction of $26,371.05. Following the sale, the chief financial officer now directly owns 5,266 shares in the company, valued at $128,227.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Monica Vicente sold 1,083 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total value of $26,371.05. Following the sale, the chief financial officer now owns 5,266 shares of the company's stock, valued at $128,227.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jesus Rodriguez Calvo sold 2,402 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $24.59, for a total value of $59,065.18. The disclosure for this sale can be found here. Insiders have sold 10,569 shares of company stock worth $258,509 in the last 90 days. Insiders own 29.70% of the company's stock.

Fresh Del Monte Produce Price Performance

Shares of Fresh Del Monte Produce stock traded up $0.12 during trading on Friday, reaching $24.47. 166,777 shares of the company's stock were exchanged, compared to its average volume of 166,411. The firm's 50-day moving average price is $25.15 and its 200 day moving average price is $24.76. The company has a market cap of $1.17 billion, a P/E ratio of -47.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 2.16. Fresh Del Monte Produce Inc. has a 1-year low of $21.41 and a 1-year high of $28.55.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.26). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. Fresh Del Monte Produce had a positive return on equity of 4.59% and a negative net margin of 0.56%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.55 EPS.

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, May 15th. Fresh Del Monte Produce's dividend payout ratio (DPR) is -196.08%.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Fresh Del Monte Produce from a "b-" rating to a "c" rating in a research report on Monday, February 26th.

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.