Fresh Del Monte Produce Inc. (NYSE:FDP) Stake Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 25.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 165,098 shares of the company's stock after acquiring an additional 33,276 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.34% of Fresh Del Monte Produce worth $4,877,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new stake in shares of Fresh Del Monte Produce in the second quarter valued at about $28,000. Canada Pension Plan Investment Board purchased a new position in shares of Fresh Del Monte Produce during the 2nd quarter worth approximately $68,000. GAMMA Investing LLC grew its holdings in Fresh Del Monte Produce by 125.9% during the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock worth $107,000 after acquiring an additional 2,020 shares during the period. Point72 DIFC Ltd purchased a new position in Fresh Del Monte Produce in the second quarter worth $91,000. Finally, Royce & Associates LP purchased a new stake in shares of Fresh Del Monte Produce during the 3rd quarter worth $201,000. 64.83% of the stock is owned by institutional investors and hedge funds.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP traded up $0.03 on Thursday, reaching $33.98. 173,206 shares of the company were exchanged, compared to its average volume of 252,512. 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 Inc. has a 1-year low of $21.23 and a 1-year high of $35.27. The company has a 50-day moving average of $31.89 and a 200-day moving average of $27.70. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 102.97 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted 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. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $989.45 million. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The company's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio is presently 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.