Thrivent Financial for Lutherans Sells 1,483 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Thrivent Financial for Lutherans trimmed its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,351 shares of the company’s stock after selling 1,483 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fresh Del Monte Produce were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Fresh Del Monte Produce during the 2nd quarter valued at approximately $28,000. GAMMA Investing LLC raised its stake in shares of Fresh Del Monte Produce by 232.1% in the second quarter. GAMMA Investing LLC now owns 1,604 shares of the company’s stock valued at $35,000 after acquiring an additional 1,121 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Fresh Del Monte Produce during the 2nd quarter worth approximately $68,000. Point72 DIFC Ltd bought a new position in Fresh Del Monte Produce in the 2nd quarter worth about $91,000. Finally, Royce & Associates LP purchased a new position in shares of Fresh Del Monte Produce during the third quarter valued at $201,000. 64.83% of the stock is currently owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Stock Performance

FDP stock opened at $34.47 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 firm has a market cap of $1.65 billion, a price-to-earnings ratio of 104.37 and a beta of 0.41. The firm has a 50-day simple moving average of $31.24 and a two-hundred day simple moving average of $27.22. 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 announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $989.45 million. During the same period in the previous year, the company posted $0.35 earnings per share. Fresh Del Monte Produce’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.90%. Fresh Del Monte Produce’s dividend payout ratio is currently 303.04%.

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.