Capula Management Ltd Has $308,000 Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Capula Management Ltd decreased its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 73.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,264 shares of the company's stock after selling 25,280 shares during the period. Capula Management Ltd's holdings in Fresh Del Monte Produce were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new position in shares of Fresh Del Monte Produce in the 4th quarter valued at $54,000. Signaturefd LLC boosted its stake in Fresh Del Monte Produce by 244.3% in the fourth quarter. Signaturefd LLC now owns 1,663 shares of the company's stock valued at $55,000 after buying an additional 1,180 shares in the last quarter. HHM Wealth Advisors LLC grew its position in Fresh Del Monte Produce by 75.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company's stock valued at $58,000 after acquiring an additional 750 shares during the last quarter. KBC Group NV grew its position in Fresh Del Monte Produce by 65.0% in the fourth quarter. KBC Group NV now owns 2,550 shares of the company's stock valued at $85,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Fresh Del Monte Produce during the fourth quarter worth about $174,000. 64.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Ziad Nabulsi sold 1,725 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $30.42, for a total transaction of $52,474.50. Following the completion of the transaction, the senior vice president now directly owns 11,498 shares of the company's stock, valued at $349,769.16. This trade represents a 13.05 % decrease in their position. 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 company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.05, for a total value of $35,645.40. Following the completion of the sale, the senior vice president now owns 3,573 shares in the company, valued at $110,941.65. This trade represents a 24.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,469 shares of company stock worth $319,190 in the last ninety days. Company insiders own 30.10% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Fresh Del Monte Produce from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th.

Fresh Del Monte Produce Price Performance

Fresh Del Monte Produce stock traded up $0.56 during mid-day trading on Friday, reaching $30.97. The company had a trading volume of 237,475 shares, compared to its average volume of 303,037. The business has a fifty day simple moving average of $30.36 and a 200 day simple moving average of $31.36. The company has a market cap of $1.48 billion, a P/E ratio of 93.85 and a beta of 0.36. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.16). The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.14 billion. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. During the same period last year, the business earned $0.25 EPS. The company's revenue was up .5% compared to the same quarter last year.

Fresh Del Monte Produce declared that its board has approved a share buyback program on Monday, February 24th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Fresh Del Monte Produce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 10th. This is an increase from Fresh Del Monte Produce's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 3.87%. Fresh Del Monte Produce's dividend payout ratio (DPR) is currently 40.40%.

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.