Kovitz Investment Group Partners LLC Purchases 37,207 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Kovitz Investment Group Partners LLC lifted its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 50.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,607 shares of the company's stock after buying an additional 37,207 shares during the period. Kovitz Investment Group Partners LLC owned about 0.23% of Fresh Del Monte Produce worth $3,264,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FDP. State Street Corp boosted its holdings in shares of Fresh Del Monte Produce by 1.2% in the 3rd quarter. State Street Corp now owns 1,306,527 shares of the company's stock valued at $38,595,000 after buying an additional 15,278 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Fresh Del Monte Produce by 62.0% in the 3rd quarter. HighTower Advisors LLC now owns 14,707 shares of the company's stock valued at $443,000 after acquiring an additional 5,630 shares during the period. ClearAlpha Technologies LP acquired a new position in shares of Fresh Del Monte Produce during the 3rd quarter worth about $252,000. Verition Fund Management LLC raised its holdings in shares of Fresh Del Monte Produce by 35.1% in the 3rd quarter. Verition Fund Management LLC now owns 19,676 shares of the company's stock valued at $581,000 after purchasing an additional 5,113 shares during the period. Finally, Walleye Capital LLC lifted its stake in Fresh Del Monte Produce by 190.7% in the 3rd quarter. Walleye Capital LLC now owns 28,159 shares of the company's stock valued at $832,000 after purchasing an additional 18,471 shares during the last quarter. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Stock Performance

NYSE FDP traded up $0.24 during trading on Tuesday, reaching $33.67. 223,336 shares of the company's stock were exchanged, compared to its average volume of 252,895. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The business has a 50 day moving average price of $31.71 and a 200-day moving average price of $27.58. The stock has a market capitalization of $1.61 billion, a P/E ratio of 101.27 and a beta of 0.41. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $989.45 million. During the same quarter in the prior year, the business earned $0.35 EPS. Fresh Del Monte Produce's quarterly revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio 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.