Fmr LLC Sells 85,833 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

FMR LLC cut its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 55.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,801 shares of the company's stock after selling 85,833 shares during the period. FMR LLC owned approximately 0.14% of Fresh Del Monte Produce worth $2,032,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 59,521 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in Fresh Del Monte Produce in the third quarter worth $592,000. D.A. Davidson & CO. bought a new position in shares of Fresh Del Monte Produce during the third quarter worth $583,000. Cubist Systematic Strategies LLC raised its stake in Fresh Del Monte Produce by 27.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 186,347 shares of the company's stock worth $4,072,000 after buying an additional 39,768 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in Fresh Del Monte Produce by 112.9% during the third quarter. Exchange Traded Concepts LLC now owns 57,690 shares of the company's stock worth $1,704,000 after acquiring an additional 30,595 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Up 0.1 %

Shares of FDP traded up $0.04 on Friday, hitting $33.99. The company's stock had a trading volume of 159,784 shares, compared to its average volume of 252,127. The firm's fifty day moving average price is $32.09 and its 200-day moving average price is $27.89. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week 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 capitalization of $1.63 billion, a price-to-earnings ratio of 103.00 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced 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. 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 during the quarter, compared to analyst estimates of $989.45 million. During the same period in the prior year, the business earned $0.35 EPS. The company's revenue for the quarter was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio is presently 303.03%.

Fresh Del Monte Produce 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.