State Street Corp Raises Stock Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

State Street Corp boosted its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,306,527 shares of the company’s stock after purchasing an additional 15,278 shares during the quarter. State Street Corp owned approximately 2.73% of Fresh Del Monte Produce worth $38,595,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in Fresh Del Monte Produce by 62.0% in the third quarter. HighTower Advisors LLC now owns 14,707 shares of the company’s stock worth $443,000 after purchasing an additional 5,630 shares during the last quarter. ClearAlpha Technologies LP purchased a new position in Fresh Del Monte Produce during the 3rd quarter worth $252,000. Verition Fund Management LLC grew its stake in Fresh Del Monte Produce by 35.1% during the 3rd quarter. Verition Fund Management LLC now owns 19,676 shares of the company’s stock worth $581,000 after buying an additional 5,113 shares during the last quarter. Walleye Capital LLC increased its position in Fresh Del Monte Produce by 190.7% during the 3rd quarter. Walleye Capital LLC now owns 28,159 shares of the company’s stock valued at $832,000 after buying an additional 18,471 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Fresh Del Monte Produce by 25.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,098 shares of the company’s stock valued at $4,877,000 after buying an additional 33,276 shares during the last quarter. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Price Performance

Shares of FDP stock opened at $33.32 on Friday. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. 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 capitalization of $1.60 billion, a price-to-earnings ratio of 100.97 and a beta of 0.41. The stock’s 50-day simple moving average is $32.47 and its 200-day simple moving average is $28.11.

Fresh Del Monte Produce (NYSE:FDP) last released its 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 net margin of 0.36% and a return on equity of 5.91%. Fresh Del Monte Produce’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were paid a $0.25 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.00%. 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.