Fresh Del Monte Produce Inc. (NYSE:FDP) Short Interest Update

Fresh Del Monte Produce Inc. (NYSE:FDP - Get Free Report) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 256,800 shares, a decline of 11.3% from the November 30th total of 289,400 shares. Based on an average daily trading volume, of 279,600 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.7% of the company's stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FDP. nVerses Capital LLC bought a new stake in Fresh Del Monte Produce in the 2nd quarter worth about $28,000. Canada Pension Plan Investment Board bought a new position in Fresh Del Monte Produce during the second quarter valued at approximately $68,000. Point72 DIFC Ltd purchased a new stake in Fresh Del Monte Produce in the second quarter worth approximately $91,000. GAMMA Investing LLC boosted its holdings in Fresh Del Monte Produce by 125.9% in the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock worth $107,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in Fresh Del Monte Produce in the 3rd quarter worth approximately $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 during mid-day trading on Monday, hitting $33.22. The company had a trading volume of 268,225 shares, compared to its average volume of 262,711. Fresh Del Monte Produce has a 12 month low of $21.23 and a 12 month high of $35.27. The company has a market capitalization of $1.59 billion, a PE ratio of 100.67 and a beta of 0.41. The stock's 50 day moving average price is $32.94 and its two-hundred day moving average price is $28.63. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

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 (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.30. The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $989.45 million. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were paid 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 yield of 3.01%. Fresh Del Monte Produce's dividend payout ratio is 303.03%.

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.