Weiss Asset Management LP Trims Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Weiss Asset Management LP decreased its position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP - Free Report) by 59.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,532 shares of the company's stock after selling 146,495 shares during the quarter. Weiss Asset Management LP owned 0.21% of Fresh Del Monte Produce worth $2,911,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Fresh Del Monte Produce in the second quarter worth about $28,000. GAMMA Investing LLC increased its stake in shares of Fresh Del Monte Produce by 232.1% in the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company's stock valued at $35,000 after buying an additional 1,121 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Fresh Del Monte Produce in the second quarter valued at approximately $68,000. Point72 DIFC Ltd acquired a new position in shares of Fresh Del Monte Produce in the second quarter valued at approximately $91,000. Finally, Royce & Associates LP acquired a new stake in Fresh Del Monte Produce during the 3rd quarter valued at approximately $201,000. Institutional investors own 64.83% of the company's stock.

Fresh Del Monte Produce Trading Down 1.5 %

Shares of FDP stock traded down $0.52 during trading hours on Friday, hitting $33.55. 187,750 shares of the company were exchanged, compared to its average volume of 279,029. The firm has a market cap of $1.61 billion, a P/E ratio of 101.67 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. 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 company has a 50 day simple moving average of $31.63 and a two-hundred day simple moving average of $27.49.

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 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 analysts' expectations of $989.45 million. During the same period last year, the business earned $0.35 EPS. Fresh Del Monte Produce's quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce's dividend payout ratio is presently 303.04%.

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.