Fiduciary Financial Group LLC Invests $284,000 in Fresh Del Monte Produce Inc. (NYSE:FDP)

Fiduciary Financial Group LLC purchased a new stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 9,297 shares of the company's stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FDP. Canada Pension Plan Investment Board bought a new stake in Fresh Del Monte Produce during the 2nd quarter valued at approximately $68,000. Point72 DIFC Ltd purchased a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at approximately $91,000. GAMMA Investing LLC boosted its position in shares of Fresh Del Monte Produce by 125.9% during the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock valued at $107,000 after purchasing an additional 2,020 shares in the last quarter. nVerses Capital LLC grew its stake in Fresh Del Monte Produce by 200.0% in the third quarter. nVerses Capital LLC now owns 3,900 shares of the company's stock worth $115,000 after purchasing an additional 2,600 shares during the period. Finally, Royce & Associates LP purchased a new stake in Fresh Del Monte Produce in the third quarter worth $201,000. Hedge funds and other institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Up 0.4 %

Fresh Del Monte Produce stock traded up $0.14 on Thursday, hitting $31.58. 187,181 shares of the stock traded hands, compared to its average volume of 238,608. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The firm has a market cap of $1.51 billion, a P/E ratio of 95.68 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's fifty day simple moving average is $33.31 and its 200 day simple moving average is $29.49.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $989.45 million. During the same period last year, the company posted $0.35 EPS. Fresh Del Monte Produce's revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.17%. Fresh Del Monte Produce's payout ratio is 303.04%.

Fresh Del Monte Produce Company Profile

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.