Fresh Del Monte Produce, Inc. (FDP) Holdings Decreased by Rhumbline Advisers

Rhumbline Advisers reduced its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,636 shares of the company’s stock after selling 121 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Fresh Del Monte Produce worth $2,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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 7.9% in the first quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock worth $210,026,000 after purchasing an additional 259,884 shares during the period. BlackRock Inc. boosted its position in shares of Fresh Del Monte Produce by 1,147.2% in the first quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock worth $141,167,000 after purchasing an additional 2,192,263 shares during the period. State Street Corp boosted its position in shares of Fresh Del Monte Produce by 1.7% in the first quarter. State Street Corp now owns 667,104 shares of the company’s stock worth $39,512,000 after purchasing an additional 11,392 shares during the period. Renaissance Technologies LLC boosted its position in shares of Fresh Del Monte Produce by 5.9% in the first quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock worth $37,279,000 after purchasing an additional 34,900 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Fresh Del Monte Produce by 49.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 464,385 shares of the company’s stock worth $27,506,000 after purchasing an additional 153,667 shares during the period. Institutional investors and hedge funds own 66.81% of the company’s stock.

Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 46.05 on Tuesday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 14.64 and a beta of 0.44. Fresh Del Monte Produce, Inc. has a 52-week low of $45.31 and a 52-week high of $66.86. The firm has a 50 day moving average of $48.42 and a 200-day moving average of $53.23.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by $0.15. The firm had revenue of $1.15 billion for the quarter. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. Fresh Del Monte Produce’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.75 earnings per share. Equities analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, August 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. Fresh Del Monte Produce’s payout ratio is 18.93%.

Separately, Zacks Investment Research lowered shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research report on Monday, May 15th.

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In related news, VP Mohammed Abbas sold 4,366 shares of Fresh Del Monte Produce stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.38, for a total value of $206,861.08. Following the sale, the vice president now owns 4,366 shares of the company’s stock, valued at approximately $206,861.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Youssef Zakharia sold 555 shares of Fresh Del Monte Produce stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.77, for a total transaction of $27,622.35. Following the completion of the sale, the insider now directly owns 3,383 shares in the company, valued at approximately $168,371.91. The disclosure for this sale can be found here. Insiders have sold a total of 55,189 shares of company stock worth $2,692,266 in the last ninety days. Corporate insiders own 36.90% of the company’s stock.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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