Chesapeake Capital Corp IL Purchases New Shares in Fresh Del Monte Produce Inc. (NYSE:FDP)

Chesapeake Capital Corp IL acquired a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,221 shares of the company's stock, valued at approximately $592,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Fresh Del Monte Produce during the second quarter worth about $28,000. GAMMA Investing LLC lifted its position in shares of Fresh Del Monte Produce by 232.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company's stock worth $35,000 after purchasing an additional 1,121 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Fresh Del Monte Produce in the 1st quarter worth approximately $48,000. EntryPoint Capital LLC bought a new stake in shares of Fresh Del Monte Produce in the 1st quarter valued at $49,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Fresh Del Monte Produce during the second quarter worth $68,000. Institutional investors and hedge funds own 64.83% of the company's stock.

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 30.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Fresh Del Monte Produce from a "hold" rating to a "buy" rating in a research note on Monday, August 5th.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock traded up $0.33 during trading on Friday, hitting $33.78. The company's stock had a trading volume of 389,286 shares, compared to its average volume of 266,195. The company has a market cap of $1.62 billion, a PE ratio of 102.37 and a beta of 0.41. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $30.15 and a 200-day moving average of $26.50. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $35.27.

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

Fresh Del Monte Produce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 2.96%. Fresh Del Monte Produce's payout ratio is currently 303.04%.

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.