Fresh Del Monte Produce, Inc. (NYSE:FDP) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC cut its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 59.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,826 shares of the company’s stock after selling 11,577 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Fresh Del Monte Produce were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. CWA Asset Management Group LLC lifted its holdings in shares of Fresh Del Monte Produce by 65.5% during the first quarter. CWA Asset Management Group LLC now owns 31,131 shares of the company’s stock worth $960,000 after purchasing an additional 12,316 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Fresh Del Monte Produce by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 36,004 shares of the company’s stock valued at $1,110,000 after acquiring an additional 471 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings in Fresh Del Monte Produce by 12.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 16,639 shares of the company’s stock valued at $513,000 after acquiring an additional 1,817 shares during the period. GAMMA Investing LLC lifted its holdings in Fresh Del Monte Produce by 2,671.9% in the first quarter. GAMMA Investing LLC now owns 207,393 shares of the company’s stock valued at $6,727,000 after acquiring an additional 199,911 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Fresh Del Monte Produce in the fourth quarter valued at $350,000. 64.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th.

Fresh Del Monte Produce Price Performance

Fresh Del Monte Produce stock opened at $32.02 on Friday. Fresh Del Monte Produce, Inc. has a one year low of $21.23 and a one year high of $35.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.05. The business has a fifty day moving average of $33.46 and a two-hundred day moving average of $31.99. The company has a market cap of $1.53 billion, a P/E ratio of 10.46 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Fresh Del Monte Produce had a return on equity of 6.52% and a net margin of 3.45%. Fresh Del Monte Produce’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share.

Fresh Del Monte Produce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, May 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 39.22%.

Insider Transactions at Fresh Del Monte Produce

In other news, SVP Marissa R. Tenazas sold 1,148 shares of Fresh Del Monte Produce stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.05, for a total transaction of $35,645.40. Following the completion of the transaction, the senior vice president now owns 3,573 shares of the company’s stock, valued at $110,941.65. The trade was a 24.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 31.60% 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.