Principal Financial Group Inc. lessened its position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,209 shares of the company's stock after selling 17,434 shares during the quarter. Principal Financial Group Inc. owned 0.33% of Fresh Del Monte Produce worth $4,673,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company's stock valued at $14,887,000 after purchasing an additional 156,344 shares during the last quarter. Millennium Management LLC raised its stake in shares of Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company's stock worth $13,906,000 after acquiring an additional 94,854 shares in the last quarter. Dean Investment Associates LLC raised its stake in shares of Fresh Del Monte Produce by 109.2% during the third quarter. Dean Investment Associates LLC now owns 177,101 shares of the company's stock worth $5,232,000 after acquiring an additional 92,438 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Fresh Del Monte Produce by 31.4% in the 2nd quarter. LSV Asset Management now owns 370,095 shares of the company's stock worth $8,087,000 after acquiring an additional 88,498 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Fresh Del Monte Produce by 5.9% in 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 in the last quarter. Hedge funds and other institutional investors own 64.83% of the company's stock.
Fresh Del Monte Produce Trading Down 0.2 %
NYSE:FDP traded down $0.08 during trading hours on Friday, reaching $32.84. The company's stock had a trading volume of 208,607 shares, compared to its average volume of 187,753. 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 firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 99.52 and a beta of 0.41. The firm has a 50-day simple moving average of $33.36 and a 200-day simple moving average of $28.93. 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 released 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 during the quarter, compared to analyst estimates of $989.45 million. During the same quarter in the previous year, the company posted $0.35 EPS. Fresh Del Monte Produce's revenue for the quarter was up 1.6% on a year-over-year basis.
Fresh Del Monte Produce Announces Dividend
The company 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. This represents a $1.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio is 303.03%.
About Fresh Del Monte Produce
(
Free Report)
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.
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