Swiss National Bank Acquires 1,700 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Swiss National Bank boosted its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP – Get Rating) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92,400 shares of the company’s stock after buying an additional 1,700 shares during the quarter. Swiss National Bank owned approximately 0.19% of Fresh Del Monte Produce worth $2,420,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Fresh Del Monte Produce by 3.9% in the fourth quarter. Arizona State Retirement System now owns 10,797 shares of the company’s stock valued at $283,000 after acquiring an additional 401 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in 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 purchasing an additional 411 shares during the period. Mutual of America Capital Management LLC increased its position in Fresh Del Monte Produce by 8.3% in the third quarter. Mutual of America Capital Management LLC now owns 6,091 shares of the company’s stock worth $142,000 after buying an additional 469 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Fresh Del Monte Produce by 2.8% in 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 period. Finally, Citigroup Inc. increased its holdings in Fresh Del Monte Produce by 1.9% in the 1st quarter. Citigroup Inc. now owns 33,705 shares of the company’s stock worth $874,000 after acquiring an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

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

Fresh Del Monte Produce Stock Down 1.4 %

Shares of NYSE FDP opened at $26.71 on Thursday. The business has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $28.27. Fresh Del Monte Produce Inc. has a 52 week low of $22.63 and a 52 week high of $32.49. The company has a market cap of $1.28 billion, a P/E ratio of 11.51 and a beta of 0.66. The company has a quick ratio of 0.99, a current ratio of 2.07 and a debt-to-equity ratio of 0.24.

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

Fresh Del Monte Produce Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Wednesday, May 17th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.00%. This is a boost from Fresh Del Monte Produce’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, May 16th. Fresh Del Monte Produce’s payout ratio is presently 34.48%.

Insiders Place Their Bets

In other news, VP Sergio Mancilla sold 1,485 shares of Fresh Del Monte Produce stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $30.20, for a total transaction of $44,847.00. Following the completion of the sale, the vice president now owns 68 shares in the company, valued at approximately $2,053.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Hans Sauter sold 1,499 shares of the company’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $30.76, for a total value of $46,109.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sergio Mancilla sold 1,485 shares of the stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $30.20, for a total value of $44,847.00. Following the transaction, the vice president now owns 68 shares in the company, valued at $2,053.60. The disclosure for this sale can be found here. Insiders have sold 3,502 shares of company stock worth $107,506 in the last ninety days. 36.96% of the stock is currently owned by insiders.

Fresh Del Monte Produce Profile

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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.