Fresh Del Monte Produce Inc (DMC) To Go Ex-Dividend on November 10th

Fresh Del Monte Produce Inc (NYSE:DMC) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.30 per share on Friday, December 4th. This represents a $1.20 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, November 10th.

Fresh Del Monte Produce Trading Down 0.9%

DMC opened at $27.38 on Friday. The company’s fifty day moving average price is $30.12. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 16.01 and a beta of 0.25. Fresh Del Monte Produce has a twelve month low of $26.09 and a twelve month high of $43.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 2.30.

Fresh Del Monte Produce (NYSE:DMC) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $1.10 billion for the quarter. Fresh Del Monte Produce had a net margin of 1.86% and a return on equity of 5.96%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS.

Institutional Trading of Fresh Del Monte Produce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Outfitters Financial LLC grew its holdings in Fresh Del Monte Produce by 1.2% during the 3rd quarter. Outfitters Financial LLC now owns 33,070 shares of the company’s stock worth $991,000 after acquiring an additional 400 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Fresh Del Monte Produce in the 2nd quarter worth about $26,000. Fortitude Family Office LLC bought a new stake in shares of Fresh Del Monte Produce in the 3rd quarter worth about $61,000. Farther Finance Advisors LLC bought a new stake in shares of Fresh Del Monte Produce in the 3rd quarter worth about $84,000. Finally, Signaturefd LLC raised its stake in shares of Fresh Del Monte Produce by 212.0% in the 3rd quarter. Signaturefd LLC now owns 4,374 shares of the company’s stock valued at $131,000 after purchasing an additional 2,972 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared fruits and vegetables. Its product portfolio includes bananas, pineapples, melons, avocados, berries, grapes, tomatoes and other fresh produce, along with prepared fruit, vegetables, juices and snacks sold under the Del Monte brand and other labels.

The company manages activities across the produce supply chain, including cultivation, sourcing, harvesting, processing, packaging, transportation and distribution.