Point72 Asia Singapore Pte. Ltd. Sells 1,272 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Point72 Asia Singapore Pte. Ltd. lowered its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 51.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,217 shares of the company’s stock after selling 1,272 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Fresh Del Monte Produce were worth $27,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in Fresh Del Monte Produce by 2.2% during the second quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock valued at $596,000 after acquiring an additional 594 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Fresh Del Monte Produce by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 29,493 shares of the company’s stock valued at $644,000 after purchasing an additional 659 shares during the last quarter. Parallel Advisors LLC raised its position in Fresh Del Monte Produce by 197.6% in the 4th quarter. Parallel Advisors LLC now owns 1,119 shares of the company’s stock worth $29,000 after purchasing an additional 743 shares during the period. Summit Global Investments lifted its stake in Fresh Del Monte Produce by 2.8% in the second quarter. Summit Global Investments now owns 27,726 shares of the company’s stock worth $606,000 after purchasing an additional 756 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Fresh Del Monte Produce by 232.1% in the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock worth $35,000 after purchasing an additional 1,121 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

FDP stock opened at $29.75 on Wednesday. Fresh Del Monte Produce Inc. has a twelve month low of $21.23 and a twelve month high of $30.59. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -58.33 and a beta of 0.42. The business’s fifty day simple moving average is $27.94 and its two-hundred day simple moving average is $25.28. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.15.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.60 by $0.46. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.18 billion. Fresh Del Monte Produce had a negative net margin of 0.43% and a positive return on equity of 4.87%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS.

Fresh Del Monte Produce Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.36%. Fresh Del Monte Produce’s dividend payout ratio is currently -196.08%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $27.75, for a total transaction of $150,321.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Alexandre Apparecido sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total value of $41,340.00. Following the completion of the transaction, the vice president now owns 1,139 shares of the company’s stock, valued at $31,390.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The disclosure for this sale can be found here. Insiders sold 10,915 shares of company stock worth $301,603 over the last three months. 30.10% of the stock is owned by corporate insiders.

Fresh Del Monte Produce Company 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.