Quantbot Technologies LP Decreases Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Quantbot Technologies LP trimmed its position in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 88.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,823 shares of the company's stock after selling 36,091 shares during the period. Quantbot Technologies LP's holdings in Fresh Del Monte Produce were worth $142,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Fresh Del Monte Produce by 3.4% in the third quarter. SG Americas Securities LLC now owns 17,357 shares of the company's stock worth $513,000 after purchasing an additional 576 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Fresh Del Monte Produce by 2.2% in the 2nd quarter. Hsbc Holdings PLC now owns 27,260 shares of the company's stock worth $596,000 after buying an additional 594 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of Fresh Del Monte Produce by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,493 shares of the company's stock valued at $644,000 after buying an additional 659 shares in the last quarter. Summit Global Investments raised its position in shares of Fresh Del Monte Produce by 2.8% during the 2nd quarter. Summit Global Investments now owns 27,726 shares of the company's stock valued at $606,000 after buying an additional 756 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Fresh Del Monte Produce by 232.1% in the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company's stock worth $35,000 after acquiring an additional 1,121 shares in the last quarter. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Price Performance

FDP traded down $0.52 during trading on Friday, reaching $33.55. The stock had a trading volume of 187,449 shares, compared to its average volume of 253,112. The business has a 50-day moving average of $31.55 and a 200-day moving average of $27.39. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27. 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 stock has a market cap of $1.61 billion, a PE ratio of 101.73 and a beta of 0.41.

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

Fresh Del Monte Produce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, November 14th. Fresh Del Monte Produce's 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.