Public Sector Pension Investment Board Cuts Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Public Sector Pension Investment Board reduced its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 3.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,214 shares of the company’s stock after selling 2,600 shares during the quarter. Public Sector Pension Investment Board’s holdings in Fresh Del Monte Produce were worth $2,104,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FDP. nVerses Capital LLC purchased a new stake in Fresh Del Monte Produce during the second quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings 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. Canada Pension Plan Investment Board acquired a new position in shares of Fresh Del Monte Produce during the second quarter worth $68,000. Point72 DIFC Ltd purchased a new stake in shares of Fresh Del Monte Produce during the 2nd quarter valued at $91,000. Finally, Royce & Associates LP acquired a new stake in shares of Fresh Del Monte Produce in the 3rd quarter worth $201,000. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Down 0.6 %

NYSE FDP opened at $34.07 on Friday. Fresh Del Monte Produce Inc. has a 12-month low of $21.23 and a 12-month high of $35.27. The company has a fifty day simple moving average of $31.45 and a two-hundred day simple moving average of $27.34. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1.63 billion, a P/E ratio of 103.24 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.30. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $989.45 million. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is 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.