JPMorgan Chase & Co. Purchases 88,900 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

JPMorgan Chase & Co. boosted its position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 25.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 437,998 shares of the company's stock after acquiring an additional 88,900 shares during the period. JPMorgan Chase & Co. owned 0.91% of Fresh Del Monte Produce worth $12,938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Fresh Del Monte Produce by 18.0% in the third quarter. Franklin Resources Inc. now owns 36,710 shares of the company's stock worth $1,066,000 after acquiring an additional 5,587 shares in the last quarter. Tidal Investments LLC bought a new position in Fresh Del Monte Produce in the third quarter worth approximately $597,000. Geode Capital Management LLC boosted its holdings in Fresh Del Monte Produce by 0.4% in the third quarter. Geode Capital Management LLC now owns 773,116 shares of the company's stock worth $22,842,000 after acquiring an additional 2,767 shares in the last quarter. Barclays PLC boosted its holdings in Fresh Del Monte Produce by 185.7% in the third quarter. Barclays PLC now owns 70,694 shares of the company's stock worth $2,087,000 after acquiring an additional 45,952 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Fresh Del Monte Produce in the third quarter worth approximately $317,000. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Down 1.8 %

NYSE:FDP traded down $0.57 on Friday, hitting $30.54. The stock had a trading volume of 250,807 shares, compared to its average volume of 256,734. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 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 business's fifty day moving average is $33.44 and its 200 day moving average is $29.35. The company has a market cap of $1.46 billion, a PE ratio of 92.55 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. During the same quarter last year, the company earned $0.35 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.27%. Fresh Del Monte Produce's dividend payout ratio is presently 303.03%.

Fresh Del Monte Produce Company 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.