Epoch Investment Partners Inc. Increases Position in Fresh Del Monte Produce, Inc. (FDP)

Epoch Investment Partners Inc. increased its holdings in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 31.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 587,360 shares of the company’s stock after purchasing an additional 140,612 shares during the period. Epoch Investment Partners Inc. owned approximately 1.18% of Fresh Del Monte Produce worth $26,701,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in Fresh Del Monte Produce by 188.1% in the first quarter. Bank of America Corp DE now owns 28,434 shares of the company’s stock worth $1,684,000 after acquiring an additional 18,565 shares during the period. Aperio Group LLC lifted its position in shares of Fresh Del Monte Produce by 14.7% during the second quarter. Aperio Group LLC now owns 25,730 shares of the company’s stock valued at $1,310,000 after buying an additional 3,298 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of Fresh Del Monte Produce by 5.8% during the second quarter. Bessemer Group Inc. now owns 40,200 shares of the company’s stock valued at $2,047,000 after buying an additional 2,200 shares during the last quarter. Sei Investments Co. lifted its position in shares of Fresh Del Monte Produce by 19.2% during the second quarter. Sei Investments Co. now owns 15,230 shares of the company’s stock valued at $775,000 after buying an additional 2,448 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Fresh Del Monte Produce by 26.4% during the second quarter. First Trust Advisors LP now owns 53,776 shares of the company’s stock valued at $2,738,000 after buying an additional 11,243 shares during the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Shares of Fresh Del Monte Produce, Inc. (NYSE FDP) traded down $0.20 during trading hours on Wednesday, reaching $49.17. 206,100 shares of the company traded hands, compared to its average volume of 257,379. The firm has a market cap of $2,455.51, a P/E ratio of 18.02 and a beta of 0.44. Fresh Del Monte Produce, Inc. has a one year low of $43.02 and a one year high of $62.81. The company has a current ratio of 2.64, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.62). The firm had revenue of $952.70 million for the quarter. Fresh Del Monte Produce had a return on equity of 7.62% and a net margin of 3.40%. Fresh Del Monte Produce’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.22%. 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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Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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