UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 33,276 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 25.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,098 shares of the company’s stock after purchasing an additional 33,276 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fresh Del Monte Produce were worth $4,877,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in Fresh Del Monte Produce during the 2nd quarter worth about $28,000. Canada Pension Plan Investment Board bought a new position in Fresh Del Monte Produce in the second quarter valued at approximately $68,000. Point72 DIFC Ltd acquired a new stake in shares of Fresh Del Monte Produce during the second quarter worth $91,000. GAMMA Investing LLC grew its position in shares of Fresh Del Monte Produce by 125.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock worth $107,000 after buying an additional 2,020 shares during the period. Finally, Royce & Associates LP acquired a new position in Fresh Del Monte Produce during the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Up 0.9 %

NYSE:FDP opened at $33.98 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The business’s 50-day simple moving average is $31.89 and its 200-day simple moving average is $27.70. The stock has a market capitalization of $1.63 billion, a PE ratio of 102.97 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.94%. Fresh Del Monte Produce’s dividend payout ratio is currently 303.03%.

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.