Fresh Del Monte Produce Inc. (NYSE:FDP) Stock Position Lifted by Verition Fund Management LLC

Verition Fund Management LLC grew its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 35.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,676 shares of the company’s stock after purchasing an additional 5,113 shares during the period. Verition Fund Management LLC’s holdings in Fresh Del Monte Produce were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. increased its stake in Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after buying an additional 156,344 shares during the period. Millennium Management LLC increased its stake in shares of Fresh Del Monte Produce by 17.5% during the second quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after acquiring an additional 94,854 shares during the period. LSV Asset Management raised its holdings in Fresh Del Monte Produce by 31.4% during the second quarter. LSV Asset Management now owns 370,095 shares of the company’s stock worth $8,087,000 after purchasing an additional 88,498 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fresh Del Monte Produce by 5.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $31,329,000 after purchasing an additional 59,521 shares during the period. Finally, Marshall Wace LLP bought a new position in Fresh Del Monte Produce during the 2nd quarter valued at $930,000. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Stock Up 0.7 %

FDP opened at $33.67 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09. The company has a market capitalization of $1.61 billion, a PE ratio of 102.02 and a beta of 0.41. The stock’s fifty day moving average is $31.79 and its 200-day moving average is $27.66. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $989.45 million. During the same period in the previous year, the business earned $0.35 earnings per share. Fresh Del Monte Produce’s revenue for the quarter was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio is presently 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.