D.A. Davidson & CO. Invests $583,000 in Fresh Del Monte Produce Inc. (NYSE:FDP)

D.A. Davidson & CO. acquired a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,750 shares of the company's stock, valued at approximately $583,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Fresh Del Monte Produce during the 2nd quarter valued at $28,000. GAMMA Investing LLC boosted its stake in shares of Fresh Del Monte Produce by 232.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,604 shares of the company's stock valued at $35,000 after purchasing an additional 1,121 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Fresh Del Monte Produce in the 1st quarter worth approximately $48,000. Canada Pension Plan Investment Board purchased a new stake in shares of Fresh Del Monte Produce in the 2nd quarter worth about $68,000. Finally, Point72 DIFC Ltd purchased a new stake in Fresh Del Monte Produce in the second quarter worth about $91,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Fresh Del Monte Produce Trading Down 0.9 %

Shares of NYSE:FDP traded down $0.33 during mid-day trading on Tuesday, reaching $34.59. 130,994 shares of the company were exchanged, compared to its average volume of 252,395. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The firm's 50-day simple moving average is $31.24 and its 200 day simple moving average is $27.22. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 104.28 and a beta of 0.41.

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

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. Fresh Del Monte Produce's dividend payout ratio (DPR) is 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.