Arizona State Retirement System Has $283,000 Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Arizona State Retirement System raised its position in Fresh Del Monte Produce Inc. (NYSE:FDP – Get Rating) by 3.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,797 shares of the company’s stock after acquiring an additional 401 shares during the period. Arizona State Retirement System’s holdings in Fresh Del Monte Produce were worth $283,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its position in shares of Fresh Del Monte Produce by 1.6% during the fourth quarter. SummerHaven Investment Management LLC now owns 26,143 shares of the company’s stock valued at $685,000 after buying an additional 411 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Fresh Del Monte Produce by 8.3% during the third quarter. Mutual of America Capital Management LLC now owns 6,091 shares of the company’s stock valued at $142,000 after buying an additional 469 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Fresh Del Monte Produce by 2.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,233 shares of the company’s stock valued at $556,000 after buying an additional 580 shares during the last quarter. Citigroup Inc. boosted its position in shares of Fresh Del Monte Produce by 1.9% during the first quarter. Citigroup Inc. now owns 33,705 shares of the company’s stock valued at $874,000 after buying an additional 635 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Fresh Del Monte Produce by 21.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,002 shares of the company’s stock valued at $131,000 after buying an additional 871 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Fresh Del Monte Produce Stock Down 0.3 %

FDP stock opened at $26.50 on Tuesday. The stock’s fifty day simple moving average is $28.90 and its two-hundred day simple moving average is $28.28. The company has a current ratio of 2.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.24. Fresh Del Monte Produce Inc. has a 1-year low of $22.63 and a 1-year high of $32.49. The stock has a market cap of $1.27 billion, a P/E ratio of 11.42 and a beta of 0.66.

Fresh Del Monte Produce (NYSE:FDP – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). Fresh Del Monte Produce had a return on equity of 4.93% and a net margin of 2.52%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis.

Fresh Del Monte Produce Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Wednesday, May 17th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.80 annualized dividend and a yield of 3.02%. This is a boost from Fresh Del Monte Produce’s previous quarterly dividend of $0.15. Fresh Del Monte Produce’s payout ratio is currently 34.48%.

Insiders Place Their Bets

In other Fresh Del Monte Produce news, VP Sergio Mancilla sold 1,485 shares of the business’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $30.20, for a total value of $44,847.00. Following the sale, the vice president now directly owns 68 shares in the company, valued at $2,053.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Fresh Del Monte Produce news, VP Sergio Mancilla sold 1,485 shares of the business’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $30.20, for a total value of $44,847.00. Following the sale, the vice president now directly owns 68 shares in the company, valued at $2,053.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Hans Sauter sold 1,499 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $30.76, for a total value of $46,109.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,677 shares of company stock valued at $112,788. Insiders own 29.70% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Fresh Del Monte Produce in a research report on Thursday, May 18th. They set a “buy” rating on the stock.

About Fresh Del Monte Produce

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Fresh Del Monte Produce, Inc engages in production and distribution of fresh fruit and vegetable products. It operates through the following segments: Fresh and Value-added products, Bananas, and Other Products and Services. 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, and prepared meals and snacks.