PNC Financial Services Group Inc. grew its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,883 shares of the company’s stock after purchasing an additional 448 shares during the period. PNC Financial Services Group Inc. owned approximately 0.22% of Fresh Del Monte Produce worth $5,697,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Fresh Del Monte Produce by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 3,545,924 shares of the company’s stock valued at $210,026,000 after purchasing an additional 259,884 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Fresh Del Monte Produce by 1,147.2% in the 1st quarter. BlackRock Inc. now owns 2,383,366 shares of the company’s stock valued at $141,167,000 after purchasing an additional 2,192,263 shares during the last quarter. LSV Asset Management lifted its stake in shares of Fresh Del Monte Produce by 2.5% in the 2nd quarter. LSV Asset Management now owns 2,169,822 shares of the company’s stock valued at $110,465,000 after purchasing an additional 52,300 shares during the last quarter. State Street Corp lifted its stake in shares of Fresh Del Monte Produce by 1.7% in the 1st quarter. State Street Corp now owns 667,104 shares of the company’s stock valued at $39,512,000 after purchasing an additional 11,392 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Fresh Del Monte Produce by 5.9% in the 1st quarter. Renaissance Technologies LLC now owns 629,400 shares of the company’s stock valued at $37,279,000 after purchasing an additional 34,900 shares during the last quarter. 66.81% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce, Inc. (NYSE FDP) opened at 49.62 on Monday. Fresh Del Monte Produce, Inc. has a 52 week low of $45.32 and a 52 week high of $66.86. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 15.78 and a beta of 0.44. The stock has a 50 day moving average price of $47.43 and a 200 day moving average price of $52.67.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.15). Fresh Del Monte Produce had a net margin of 3.99% and a return on equity of 10.23%. The firm had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the firm earned $1.75 EPS. The company’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Wednesday, August 16th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, August 14th. Fresh Del Monte Produce’s payout ratio is currently 18.93%.

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In related news, SVP Marissa R. Tenazas sold 1,219 shares of Fresh Del Monte Produce stock in a transaction on Monday, August 21st. The stock was sold at an average price of $46.94, for a total value of $57,219.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sergio Mancilla sold 3,642 shares of Fresh Del Monte Produce stock in a transaction on Friday, August 4th. The shares were sold at an average price of $49.50, for a total value of $180,279.00. Following the completion of the transaction, the vice president now owns 1,642 shares in the company, valued at approximately $81,279. The disclosure for this sale can be found here. Insiders sold 55,189 shares of company stock worth $2,692,266 in the last quarter. 36.90% of the stock is owned by insiders.

Fresh Del Monte Produce 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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