Bessemer Group Inc. raised its position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 5.8% during the second quarter, Holdings Channel reports. The firm owned 40,200 shares of the company’s stock after buying an additional 2,200 shares during the period. Bessemer Group Inc.’s holdings in Fresh Del Monte Produce were worth $2,047,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Icon Advisers Inc. Co. acquired a new stake in shares of Fresh Del Monte Produce during the first quarter worth about $320,000. Renaissance Technologies LLC boosted its stake in shares of Fresh Del Monte Produce by 5.9% in the first quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock worth $37,279,000 after buying an additional 34,900 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Fresh Del Monte Produce by 6.5% in the first quarter. Wells Fargo & Company MN now owns 112,727 shares of the company’s stock worth $6,677,000 after buying an additional 6,891 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Fresh Del Monte Produce by 49.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 464,385 shares of the company’s stock worth $27,506,000 after buying an additional 153,667 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in shares of Fresh Del Monte Produce during the first quarter worth about $399,000. 66.64% of the stock is owned by institutional investors.

Shares of Fresh Del Monte Produce, Inc. (FDP) opened at 48.18 on Friday. Fresh Del Monte Produce, Inc. has a 52 week low of $46.31 and a 52 week high of $66.86. The stock has a 50 day moving average of $50.49 and a 200-day moving average of $54.90. The stock has a market cap of $2.41 billion, a PE ratio of 15.32 and a beta of 0.42.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the 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 quarter in the previous year, the company earned $1.75 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Fresh Del Monte Produce, Inc. will post $3.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 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 Fresh Del Monte Produce news, VP Sergio Mancilla sold 3,642 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.50, for a total transaction of $180,279.00. Following the transaction, the vice president now owns 1,642 shares in the company, valued at $81,279. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emanuel Lazopoulos sold 2,429 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $47.60, for a total transaction of $115,620.40. Following the transaction, the senior vice president now owns 6,175 shares in the company, valued at approximately $293,930. The disclosure for this sale can be found here. Insiders have sold 36,166 shares of company stock worth $1,771,588 in the last quarter. Company insiders own 36.90% of the company’s stock.

About Fresh Del Monte Produce

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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