Fresh Del Monte Produce, Inc. (FDP) Position Boosted by IndexIQ Advisors LLC
IndexIQ Advisors LLC boosted its stake in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 125.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,642 shares of the company’s stock after purchasing an additional 11,474 shares during the period. IndexIQ Advisors LLC’s holdings in Fresh Del Monte Produce were worth $938,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of FDP. Amalgamated Bank grew its position in Fresh Del Monte Produce by 3.3% in the 2nd quarter. Amalgamated Bank now owns 4,188 shares of the company’s stock worth $213,000 after purchasing an additional 133 shares during the period. Eqis Capital Management Inc. grew its position in Fresh Del Monte Produce by 3.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock worth $240,000 after purchasing an additional 161 shares during the period. Suntrust Banks Inc. grew its position in Fresh Del Monte Produce by 6.5% in the 2nd quarter. Suntrust Banks Inc. now owns 5,330 shares of the company’s stock worth $271,000 after purchasing an additional 326 shares during the period. Nuveen Asset Management LLC bought a new stake in Fresh Del Monte Produce in the 1st quarter worth approximately $284,000. Finally, GSA Capital Partners LLP bought a new stake in Fresh Del Monte Produce in the 2nd quarter worth approximately $337,000. 65.33% of the stock is owned by institutional investors and hedge funds.
In related news, VP Gianpaolo Renino sold 812 shares of Fresh Del Monte Produce stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $48.96, for a total transaction of $39,755.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Paul Rice sold 1,280 shares of Fresh Del Monte Produce stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $49.50, for a total transaction of $63,360.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,150 shares of company stock valued at $634,382. Insiders own 36.90% of the company’s stock.
Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) opened at $46.49 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.64 and a quick ratio of 1.27. Fresh Del Monte Produce, Inc. has a 1 year low of $43.02 and a 1 year high of $66.86. The company has a market cap of $2,319.73, a P/E ratio of 17.02 and a beta of 0.40.
Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, October 31st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.62). Fresh Del Monte Produce had a return on equity of 7.62% and a net margin of 3.40%. The company had revenue of $952.70 million during the quarter. During the same period in the previous year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Tuesday, November 14th. Fresh Del Monte Produce’s payout ratio is 22.06%.
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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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