LSV Asset Management Acquires 41,998 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

LSV Asset Management raised its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 20.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 246,202 shares of the company’s stock after acquiring an additional 41,998 shares during the period. LSV Asset Management’s holdings in Fresh Del Monte Produce were worth $6,463,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Fresh Del Monte Produce during the third quarter worth $177,000. New York State Teachers Retirement System increased its holdings in Fresh Del Monte Produce by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 21,088 shares of the company’s stock worth $545,000 after purchasing an additional 479 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Fresh Del Monte Produce by 50.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,680 shares of the company’s stock valued at $250,000 after purchasing an additional 3,225 shares during the period. Strs Ohio bought a new stake in shares of Fresh Del Monte Produce in the third quarter valued at about $41,000. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Fresh Del Monte Produce by 4.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 9,988 shares of the company’s stock worth $258,000 after buying an additional 400 shares during the period. Institutional investors own 64.83% of the company’s stock.

Analysts Set New Price Targets

Separately, TheStreet downgraded Fresh Del Monte Produce from a “b-” rating to a “c” rating in a report on Monday, February 26th.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock opened at $24.12 on Thursday. Fresh Del Monte Produce Inc. has a 12 month low of $21.41 and a 12 month high of $28.55. The company’s fifty day simple moving average is $25.14 and its 200-day simple moving average is $24.77. The firm has a market cap of $1.15 billion, a PE ratio of -47.29 and a beta of 0.54. The company has a quick ratio of 1.11, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.26). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. Fresh Del Monte Produce had a positive return on equity of 4.59% and a negative net margin of 0.56%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share.

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 4.15%. Fresh Del Monte Produce’s dividend payout ratio is -196.07%.

Insiders Place Their Bets

In other news, SVP Jesus Rodriguez Calvo sold 2,402 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.59, for a total value of $59,065.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Jesus Rodriguez Calvo sold 2,402 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.59, for a total value of $59,065.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Monica Vicente sold 1,083 shares of Fresh Del Monte Produce stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $24.35, for a total transaction of $26,371.05. Following the transaction, the chief financial officer now directly owns 5,266 shares of the company’s stock, valued at $128,227.10. The disclosure for this sale can be found here. Insiders have sold 10,569 shares of company stock valued at $258,509 in the last 90 days. 36.96% of the stock is currently owned by insiders.

Fresh Del Monte Produce Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.