Barclays PLC Increases Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Barclays PLC lifted its position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 185.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,694 shares of the company's stock after acquiring an additional 45,952 shares during the period. Barclays PLC owned 0.15% of Fresh Del Monte Produce worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Fresh Del Monte Produce by 5.9% during 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. Chesapeake Capital Corp IL purchased a new stake in Fresh Del Monte Produce in the third quarter valued at approximately $592,000. D.A. Davidson & CO. purchased a new stake in Fresh Del Monte Produce in the third quarter valued at approximately $583,000. Cubist Systematic Strategies LLC increased its holdings in Fresh Del Monte Produce by 27.1% in 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Fresh Del Monte Produce by 25.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,098 shares of the company's stock worth $4,877,000 after buying an additional 33,276 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock traded down $0.65 during trading hours on Friday, hitting $33.08. The company's stock had a trading volume of 274,259 shares, compared to its average volume of 262,689. The stock has a market cap of $1.59 billion, a PE ratio of 100.25 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 12-month low of $21.23 and a 12-month high of $35.27. The company has a 50 day moving average of $32.94 and a 200 day moving average of $28.55. 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 posted its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.47 by $0.30. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The firm's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share.

Fresh Del Monte Produce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is 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.