Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Acquired by Dean Investment Associates LLC

Dean Investment Associates LLC boosted its position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 109.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,101 shares of the company's stock after purchasing an additional 92,438 shares during the quarter. Dean Investment Associates LLC owned approximately 0.37% of Fresh Del Monte Produce worth $5,232,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in Fresh Del Monte Produce by 29.8% in the second quarter. American Century Companies Inc. now owns 681,344 shares of the company's stock valued at $14,887,000 after buying an additional 156,344 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Fresh Del Monte Produce by 17.5% in the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company's stock valued at $13,906,000 after acquiring an additional 94,854 shares during the last quarter. LSV Asset Management increased its stake in shares of Fresh Del Monte Produce by 31.4% in the second quarter. LSV Asset Management now owns 370,095 shares of the company's stock worth $8,087,000 after acquiring an additional 88,498 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Fresh Del Monte Produce by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company's stock worth $31,329,000 after purchasing an additional 59,521 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Fresh Del Monte Produce during the second quarter worth $930,000. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock traded down $0.52 on Friday, hitting $33.55. The company had a trading volume of 187,750 shares, compared to its average volume of 279,029. Fresh Del Monte Produce Inc. has a twelve month low of $21.23 and a twelve month high of $35.27. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.61 billion, a P/E ratio of 101.67 and a beta of 0.41. The company has a 50-day moving average price of $31.63 and a 200-day moving average price of $27.51.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm's quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.98%. Fresh Del Monte Produce's dividend 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.