Fresh Del Monte Produce Inc. (NYSE:FDP) Short Interest Update

Fresh Del Monte Produce Inc. (NYSE:FDPGet Rating) was the recipient of a large increase in short interest in the month of December. As of December 30th, there was short interest totalling 662,700 shares, an increase of 7.2% from the December 15th total of 618,100 shares. Based on an average daily volume of 194,300 shares, the short-interest ratio is presently 3.4 days. Approximately 1.8% of the company’s shares are sold short.

Fresh Del Monte Produce Trading Up 0.5 %

Shares of FDP opened at $27.17 on Wednesday. The company’s fifty day simple moving average is $26.87 and its 200-day simple moving average is $26.98. The company has a market cap of $1.30 billion, a P/E ratio of 19.00 and a beta of 0.66. The company has a current ratio of 1.88, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. Fresh Del Monte Produce has a twelve month low of $22.63 and a twelve month high of $31.44.

Fresh Del Monte Produce (NYSE:FDPGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.54 earnings per share for the quarter. Fresh Del Monte Produce had a net margin of 1.56% and a return on equity of 3.43%. The company had revenue of $1.05 billion for the quarter.

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Wednesday, November 16th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.21%. The ex-dividend date was Tuesday, November 15th. Fresh Del Monte Produce’s dividend payout ratio is presently 41.96%.

Insider Transactions at Fresh Del Monte Produce

In related news, SVP Helmuth Lutty sold 7,159 shares of Fresh Del Monte Produce stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $28.00, for a total transaction of $200,452.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Fresh Del Monte Produce news, SVP Helmuth Lutty sold 7,159 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $28.00, for a total value of $200,452.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Berthelot sold 1,400 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $27.96, for a total value of $39,144.00. Following the sale, the director now directly owns 13,861 shares of the company’s stock, valued at approximately $387,553.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,543 shares of company stock valued at $266,663. Company insiders own 36.96% of the company’s stock.

Institutional Investors Weigh In On Fresh Del Monte Produce

Several large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in shares of Fresh Del Monte Produce by 19.3% during the first quarter. Invesco Ltd. now owns 817,312 shares of the company’s stock worth $21,177,000 after acquiring an additional 132,234 shares during the period. State Street Corp increased its holdings in Fresh Del Monte Produce by 10.9% during the 1st quarter. State Street Corp now owns 1,306,108 shares of the company’s stock worth $34,018,000 after purchasing an additional 128,374 shares during the period. Vanguard Group Inc. raised its position in Fresh Del Monte Produce by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 4,055,814 shares of the company’s stock valued at $105,086,000 after purchasing an additional 111,127 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Fresh Del Monte Produce by 65.0% during the 2nd quarter. Renaissance Technologies LLC now owns 230,000 shares of the company’s stock worth $6,792,000 after buying an additional 90,600 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Fresh Del Monte Produce by 499.5% during the third quarter. Cubist Systematic Strategies LLC now owns 91,885 shares of the company’s stock valued at $2,135,000 after buying an additional 76,557 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Wednesday, October 19th.

Fresh Del Monte Produce Company Profile

(Get Rating)

Fresh Del Monte Produce, Inc engages in production and distribution of fresh fruit and vegetables products. It operates through the following segments: Bananas and Fresh and Value-added products segments. The Bananas segment produces banana. The Fresh and Value-added products segment includes sales of pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, fresh-cut fruit and vegetables, prepared fruit and vegetables, juices, other beverages, prepared meals and snacks.

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