Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Acquired by State Street Corp

State Street Corp boosted its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,306,527 shares of the company's stock after acquiring an additional 15,278 shares during the period. State Street Corp owned about 2.73% of Fresh Del Monte Produce worth $38,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC bought a new stake in shares of Fresh Del Monte Produce in the 2nd quarter worth approximately $28,000. Canada Pension Plan Investment Board acquired a new position in shares of Fresh Del Monte Produce during the second quarter valued at $68,000. GAMMA Investing LLC boosted its holdings in shares of Fresh Del Monte Produce by 125.9% during the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock valued at $107,000 after acquiring an additional 2,020 shares during the period. Point72 DIFC Ltd bought a new position in shares of Fresh Del Monte Produce during the second quarter worth about $91,000. Finally, Royce & Associates LP acquired a new stake in shares of Fresh Del Monte Produce in the 3rd quarter worth about $201,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Stock Performance

Fresh Del Monte Produce stock traded up $0.29 during midday trading on Friday, reaching $33.32. 2,532,366 shares of the stock traded hands, compared to its average volume of 262,612. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 100.97 and a beta of 0.41. The firm has a fifty day moving average price of $32.56 and a two-hundred day moving average price of $28.18.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings data 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. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $989.45 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business's revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio (DPR) is 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.