Ellsworth Advisors LLC Purchases New Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Ellsworth Advisors LLC purchased a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 129,413 shares of the company's stock, valued at approximately $4,298,000. Ellsworth Advisors LLC owned 0.27% of Fresh Del Monte Produce at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position in Fresh Del Monte Produce by 1.2% during the 3rd quarter. State Street Corp now owns 1,306,527 shares of the company's stock valued at $38,595,000 after purchasing an additional 15,278 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fresh Del Monte Produce by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company's stock valued at $31,329,000 after purchasing an additional 59,521 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Fresh Del Monte Produce by 0.4% during the third quarter. Geode Capital Management LLC now owns 773,116 shares of the company's stock worth $22,842,000 after buying an additional 2,767 shares during the period. Millennium Management LLC raised its stake in Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company's stock worth $13,906,000 after buying an additional 94,854 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Fresh Del Monte Produce by 25.5% in the third quarter. JPMorgan Chase & Co. now owns 437,998 shares of the company's stock valued at $12,938,000 after buying an additional 88,900 shares during the period. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Trading Up 0.4 %

Fresh Del Monte Produce stock traded up $0.12 during trading hours on Monday, reaching $31.69. 195,354 shares of the company's stock were exchanged, compared to its average volume of 343,112. The firm has a market capitalization of $1.52 billion, a PE ratio of 96.04 and a beta of 0.41. 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's 50 day simple moving average is $33.21 and its 200 day simple moving average is $29.68. Fresh Del Monte Produce Inc. has a twelve month low of $21.23 and a twelve month high of $35.27.

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

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce's payout ratio 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.