The Manufacturers Life Insurance Company Has $4.13 Million Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

The Manufacturers Life Insurance Company trimmed its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 2.4% in the third quarter, Holdings Channel.com reports. The firm owned 139,837 shares of the company’s stock after selling 3,467 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Fresh Del Monte Produce were worth $4,131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDP. nVerses Capital LLC bought a new stake in shares of Fresh Del Monte Produce during the second quarter worth $28,000. GAMMA Investing LLC boosted its holdings in shares of Fresh Del Monte Produce by 232.1% during the 2nd 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 in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Fresh Del Monte Produce during the 2nd quarter valued at $68,000. Point72 DIFC Ltd bought a new stake in Fresh Del Monte Produce during the 2nd quarter worth $91,000. Finally, Royce & Associates LP acquired a new position in Fresh Del Monte Produce in the 3rd quarter worth about $201,000. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

Fresh Del Monte Produce stock opened at $33.55 on Friday. The stock has a 50-day moving average price of $31.63 and a two-hundred day moving average price of $27.46. 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 market capitalization of $1.61 billion, a PE ratio of 101.67 and a beta of 0.41. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data 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 net margin of 0.36% and a return on equity of 5.91%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $989.45 million. During the same quarter last year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. Fresh Del Monte Produce’s dividend payout ratio (DPR) 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.