Allspring Global Investments Holdings LLC Decreases Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 71,305 shares of the company’s stock after selling 472 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Fresh Del Monte Produce were worth $2,106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. nVerses Capital LLC bought a new stake in shares of Fresh Del Monte Produce in the 2nd quarter valued at about $28,000. GAMMA Investing LLC boosted its stake in shares of Fresh Del Monte Produce by 232.1% during the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after purchasing an additional 1,121 shares during the period. Lazard Asset Management LLC bought a new position in shares of Fresh Del Monte Produce in the first quarter worth approximately $48,000. EntryPoint Capital LLC purchased a new position in shares of Fresh Del Monte Produce in the first quarter worth $49,000. Finally, Canada Pension Plan Investment Board bought a new stake in Fresh Del Monte Produce during the 2nd quarter valued at $68,000. 64.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Reyes Jorge Pelaez sold 5,417 shares of Fresh Del Monte Produce 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 Securities & Exchange Commission, which is available through the SEC website. Also, CFO Monica Vicente sold 1,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $27.44, for a total transaction of $49,392.00. Following the completion of the sale, the chief financial officer now owns 3,466 shares in the company, valued at approximately $95,107.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,915 shares of company stock valued at $301,603 over the last three months. Corporate insiders own 30.10% of the company’s stock.

Fresh Del Monte Produce Trading Down 0.4 %

FDP opened at $29.13 on Wednesday. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $30.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 1.07. The business has a 50 day simple moving average of $29.07 and a two-hundred day simple moving average of $25.80. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -76.66 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Thursday, August 1st. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.18 billion. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, August 15th. Fresh Del Monte Produce’s dividend payout ratio is currently -263.16%.

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.