Fresh Del Monte Produce, Inc. $FDP Shares Bought by UniSuper Management Pty Ltd

by · The Cerbat Gem

UniSuper Management Pty Ltd raised its holdings in shares of Fresh Del Monte Produce, Inc. (NYSE:FDPFree Report) by 33.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 123,632 shares of the company’s stock after buying an additional 30,912 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Fresh Del Monte Produce were worth $4,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Fresh Del Monte Produce by 390.8% in the second quarter. EverSource Wealth Advisors LLC now owns 962 shares of the company’s stock worth $31,000 after acquiring an additional 766 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Fresh Del Monte Produce by 238.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock valued at $35,000 after purchasing an additional 750 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Fresh Del Monte Produce by 34.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,010 shares of the company’s stock worth $98,000 after purchasing an additional 775 shares during the period. BNP Paribas Financial Markets grew its position in Fresh Del Monte Produce by 34.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,543 shares of the company’s stock worth $115,000 after purchasing an additional 902 shares during the period. Finally, Corton Capital Inc. purchased a new position in shares of Fresh Del Monte Produce during the 2nd quarter valued at about $203,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Price Performance

NYSE:FDP opened at $38.13 on Monday. Fresh Del Monte Produce, Inc. has a 52 week low of $26.50 and a 52 week high of $40.75. The company has a quick ratio of 1.07, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.82 billion, a PE ratio of 23.39 and a beta of 0.30. The stock’s 50-day moving average price is $36.46 and its 200-day moving average price is $35.77.

Fresh Del Monte Produce (NYSE:FDPGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.Fresh Del Monte Produce’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.1%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 73.62%.

Insider Activity

In other Fresh Del Monte Produce news, Director Michael J. Berthelot sold 6,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $35.85, for a total transaction of $215,100.00. Following the transaction, the director directly owned 7,499 shares of the company’s stock, valued at $268,839.15. This trade represents a 44.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ghazaleh Mohammad Abu sold 28,558 shares of Fresh Del Monte Produce stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $38.42, for a total transaction of $1,097,198.36. Following the completion of the sale, the chief executive officer owned 4,962,224 shares in the company, valued at approximately $190,648,646.08. This trade represents a 0.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 35,883 shares of company stock worth $1,361,045 in the last quarter. Corporate insiders own 30.10% of the company’s stock.

Wall Street Analyst Weigh In

FDP has been the topic of several analyst reports. Wall Street Zen lowered Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Fresh Del Monte Produce currently has an average rating of “Hold”.

View Our Latest Stock Report on FDP

About Fresh Del Monte Produce

(Free Report)

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.

See Also

Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fresh Del Monte Produce, Inc. (NYSE:FDPFree Report).