GSA Capital Partners LLP Cuts Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

GSA Capital Partners LLP cut its stake in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 30.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,490 shares of the company's stock after selling 54,304 shares during the period. Fresh Del Monte Produce comprises approximately 0.3% of GSA Capital Partners LLP's portfolio, making the stock its 13th largest position. GSA Capital Partners LLP owned about 0.26% of Fresh Del Monte Produce worth $3,677,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Fresh Del Monte Produce by 29.8% during the second quarter. American Century Companies Inc. now owns 681,344 shares of the company's stock worth $14,887,000 after acquiring an additional 156,344 shares in the last quarter. Vanguard Group Inc. lifted its stake in Fresh Del Monte Produce by 3.2% in the first quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company's stock worth $119,194,000 after purchasing an additional 143,363 shares during the last quarter. Millennium Management LLC boosted its position in Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company's stock valued at $13,906,000 after buying an additional 94,854 shares during the period. LSV Asset Management grew its stake in shares of Fresh Del Monte Produce by 31.4% during the second quarter. LSV Asset Management now owns 370,095 shares of the company's stock valued at $8,087,000 after buying an additional 88,498 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Fresh Del Monte Produce during the first quarter valued at about $1,749,000. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Trading Down 0.4 %

Shares of NYSE FDP traded down $0.13 during mid-day trading on Tuesday, hitting $34.39. The stock had a trading volume of 342,938 shares, compared to its average volume of 251,206. The firm has a market cap of $1.65 billion, a P/E ratio of 104.67 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09. The business has a 50 day moving average price of $29.82 and a two-hundred day moving average price of $26.27. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $989.45 million. During the same period in the prior year, the firm posted $0.35 earnings per share. The company's quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.91%. Fresh Del Monte Produce's dividend payout ratio (DPR) is presently 303.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Fresh Del Monte Produce from a "hold" rating to a "buy" rating in a report on Monday, August 5th.

Insider Activity at Fresh Del Monte Produce

In related news, CFO Monica Vicente sold 1,800 shares of Fresh Del Monte Produce stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $27.44, for a total value of $49,392.00. Following the sale, the chief financial officer now owns 3,466 shares in the company, valued at $95,107.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Fresh Del Monte Produce news, CFO Monica Vicente sold 1,800 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $27.44, for a total transaction of $49,392.00. Following the sale, the chief financial officer now directly owns 3,466 shares of the company's stock, valued at approximately $95,107.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.75, for a total value of $150,321.75. The disclosure for this sale can be found here. Insiders sold a total of 9,226 shares of company stock worth $255,662 over the last quarter. 30.10% of the stock is owned by corporate insiders.

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.