Schonfeld Strategic Advisors LLC Takes Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Schonfeld Strategic Advisors LLC acquired a new position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,600 shares of the company's stock, valued at approximately $452,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Fresh Del Monte Produce by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 4,809,451 shares of the company's stock valued at $159,722,000 after purchasing an additional 133,122 shares during the period. Pacer Advisors Inc. bought a new stake in Fresh Del Monte Produce during the fourth quarter valued at approximately $42,522,000. Charles Schwab Investment Management Inc. increased its holdings in Fresh Del Monte Produce by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,105,353 shares of the company's stock valued at $36,709,000 after buying an additional 44,777 shares during the last quarter. American Century Companies Inc. raised its position in Fresh Del Monte Produce by 22.0% in the fourth quarter. American Century Companies Inc. now owns 950,108 shares of the company's stock worth $31,553,000 after acquiring an additional 171,574 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Fresh Del Monte Produce by 21.7% during the 4th quarter. Invesco Ltd. now owns 919,612 shares of the company's stock worth $30,540,000 after acquiring an additional 164,120 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Down 0.3 %

Shares of FDP stock opened at $32.97 on Friday. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 99.91 and a beta of 0.36. The company's fifty day moving average price is $31.49 and its 200-day moving average price is $31.92.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.63 earnings per share (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 analyst estimates of $1.12 billion. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The company's revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS.

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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.64%. The ex-dividend date is Wednesday, May 14th. Fresh Del Monte Produce's dividend payout ratio is presently 39.22%.

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

Analyst Ratings Changes

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

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, COO Mohammed Abbas sold 5,064 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.42, for a total value of $154,046.88. Following the completion of the sale, the chief operating officer now owns 45,560 shares of the company's stock, valued at $1,385,935.20. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marissa R. Tenazas sold 1,148 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.05, for a total value of $35,645.40. Following the transaction, the senior vice president now owns 3,573 shares of the company's stock, valued at approximately $110,941.65. The trade was a 24.32 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,469 shares of company stock valued at $319,190. 31.60% of the stock is owned by corporate insiders.

About Fresh Del Monte Produce

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.

Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.