Fresh Del Monte Produce Inc (FDP) Stake Increased by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in shares of Fresh Del Monte Produce Inc (NYSE:FDP) by 4.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,600 shares of the company’s stock after buying an additional 2,100 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Fresh Del Monte Produce worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FDP. Northern Trust Corp increased its holdings in Fresh Del Monte Produce by 11.7% in the 2nd quarter. Northern Trust Corp now owns 868,327 shares of the company’s stock valued at $44,206,000 after purchasing an additional 90,867 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Fresh Del Monte Produce by 51.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 229,566 shares of the company’s stock valued at $11,687,000 after purchasing an additional 77,677 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Fresh Del Monte Produce by 23.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 282,680 shares of the company’s stock valued at $14,391,000 after purchasing an additional 52,977 shares during the last quarter. LSV Asset Management increased its holdings in 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. Finally, Dean Capital Management acquired a new stake in Fresh Del Monte Produce in the 2nd quarter valued at approximately $2,111,000. Institutional investors and hedge funds own 65.37% of the company’s stock.

Shares of Fresh Del Monte Produce Inc (NYSE:FDP) opened at $47.67 on Monday. Fresh Del Monte Produce Inc has a 1-year low of $43.02 and a 1-year high of $62.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.64 and a quick ratio of 1.27. The firm has a market cap of $2,410.00, a P/E ratio of 17.53 and a beta of 0.44.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, October 31st. The company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.62). Fresh Del Monte Produce had a net margin of 3.40% and a return on equity of 7.62%. The company had revenue of $952.70 million during the quarter. During the same period in the previous year, the business earned $1.17 EPS. The business’s revenue was up .3% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.60 annualized dividend and a yield of 1.26%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 22.06%.

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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.

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

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