Tdam USA Inc. cut its position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 3.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,129 shares of the company’s stock after selling 712 shares during the period. Tdam USA Inc.’s holdings in Fresh Del Monte Produce were worth $923,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Fresh Del Monte Produce by 2.4% in the first quarter. American Century Companies Inc. now owns 169,616 shares of the company’s stock worth $10,046,000 after buying an additional 4,025 shares in the last quarter. First Trust Advisors LP boosted its stake in Fresh Del Monte Produce by 42.1% in the first quarter. First Trust Advisors LP now owns 42,533 shares of the company’s stock worth $2,519,000 after buying an additional 12,609 shares in the last quarter. LSV Asset Management boosted its stake in Fresh Del Monte Produce by 11.9% in the first quarter. LSV Asset Management now owns 2,117,522 shares of the company’s stock worth $125,420,000 after buying an additional 224,691 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in Fresh Del Monte Produce by 24.8% in the first quarter. Eqis Capital Management Inc. now owns 4,558 shares of the company’s stock worth $270,000 after buying an additional 907 shares in the last quarter. Finally, Bowling Portfolio Management LLC boosted its stake in Fresh Del Monte Produce by 26.9% in the first quarter. Bowling Portfolio Management LLC now owns 14,483 shares of the company’s stock worth $858,000 after buying an additional 3,071 shares in the last quarter. 66.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fresh Del Monte Produce, Inc. (FDP) opened at 48.32 on Wednesday. The company has a 50-day moving average of $50.64 and a 200-day moving average of $55.24. The firm has a market cap of $2.42 billion, a PE ratio of 15.36 and a beta of 0.42. Fresh Del Monte Produce, Inc. has a 1-year low of $46.31 and a 1-year high of $66.86.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by $0.15. Fresh Del Monte Produce had a return on equity of 10.23% and a net margin of 3.99%. The business had revenue of $1.15 billion during the quarter. During the same period last year, the firm earned $1.75 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts predict that Fresh Del Monte Produce, Inc. will post $3.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio is currently 18.93%.

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Separately, Zacks Investment Research cut shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 1st.

In other news, SVP Paul Rice sold 6,886 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $49.50, for a total value of $340,857.00. Following the completion of the transaction, the senior vice president now owns 6,886 shares in the company, valued at $340,857. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Richard Contreras sold 1,796 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total value of $85,489.60. Following the completion of the transaction, the chief financial officer now owns 4,116 shares of the company’s stock, valued at approximately $195,921.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,356 shares of company stock valued at $1,240,501. Company insiders own 36.90% of the company’s stock.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.

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Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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