Tidal Investments LLC Takes $597,000 Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Tidal Investments LLC bought a new position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 20,221 shares of the company's stock, valued at approximately $597,000.

A number of other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC increased its holdings in Fresh Del Monte Produce by 3.4% in the third quarter. SG Americas Securities LLC now owns 17,357 shares of the company's stock valued at $513,000 after buying an additional 576 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Fresh Del Monte Produce by 2.2% in the second quarter. Hsbc Holdings PLC now owns 27,260 shares of the company's stock valued at $596,000 after buying an additional 594 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Fresh Del Monte Produce during the 2nd quarter worth approximately $28,000. CWM LLC increased its holdings in Fresh Del Monte Produce by 4.1% in the 3rd quarter. CWM LLC now owns 37,004 shares of the company's stock worth $1,093,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Clifford Capital Partners LLC raised its position in Fresh Del Monte Produce by 5.8% during the second quarter. Clifford Capital Partners LLC now owns 26,618 shares of the company's stock worth $582,000 after acquiring an additional 1,470 shares during the period. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Price Performance

Shares of FDP stock traded up $0.06 on Monday, reaching $33.38. 306,072 shares of the company were exchanged, compared to its average volume of 262,789. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 101.15 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The business has a 50-day moving average price of $32.56 and a 200 day moving average price of $28.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.30. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. During the same quarter last year, the business posted $0.35 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is 303.03%.

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.