Fresh Del Monte Produce, Inc. (FDP) Shares Sold by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lowered its stake in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 437,941 shares of the company’s stock after selling 26,444 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.86% of Fresh Del Monte Produce worth $22,296,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FDP. Harbour Capital Advisors LLC bought a new stake in Fresh Del Monte Produce during the 1st quarter worth about $118,000. MARSHALL WACE ASIA Ltd bought a new stake in Fresh Del Monte Produce during the 1st quarter worth about $229,000. Marshall Wace North America L.P. bought a new stake in Fresh Del Monte Produce during the 1st quarter worth about $229,000. Eqis Capital Management Inc. grew its holdings in Fresh Del Monte Produce by 3.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 4,719 shares of the company’s stock worth $240,000 after acquiring an additional 161 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Fresh Del Monte Produce during the 1st quarter worth about $258,000. 66.81% of the stock is currently owned by hedge funds and other institutional investors.

In other Fresh Del Monte Produce news, SVP Emanuel Lazopoulos sold 741 shares of Fresh Del Monte Produce stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $49.77, for a total value of $36,879.57. Following the transaction, the senior vice president now owns 5,767 shares in the company, valued at $287,023.59. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mohammed Abbas sold 4,366 shares of Fresh Del Monte Produce stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $47.38, for a total value of $206,861.08. Following the completion of the transaction, the vice president now owns 4,366 shares in the company, valued at approximately $206,861.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,189 shares of company stock worth $2,692,266. Company insiders own 36.90% of the company’s stock.

Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) opened at 46.50 on Tuesday. Fresh Del Monte Produce, Inc. has a one year low of $45.32 and a one year high of $66.86. The firm’s 50-day moving average is $47.58 and its 200-day moving average is $52.75. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 14.79 and a beta of 0.44.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Tuesday, August 1st. The company reported $1.40 earnings per share (EPS) 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 business had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the company posted $1.75 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Analysts expect that Fresh Del Monte Produce, Inc. will post $3.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 16th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Monday, August 14th. Fresh Del Monte Produce’s dividend payout ratio is presently 18.93%.

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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.

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

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