Geode Capital Management LLC Has $22.84 Million Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Geode Capital Management LLC grew its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 0.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 773,116 shares of the company’s stock after purchasing an additional 2,767 shares during the quarter. Geode Capital Management LLC’s holdings in Fresh Del Monte Produce were worth $22,842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDP. nVerses Capital LLC acquired a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at approximately $28,000. Canada Pension Plan Investment Board acquired a new position in shares of Fresh Del Monte Produce in the 2nd quarter valued at approximately $68,000. Point72 DIFC Ltd acquired a new position in Fresh Del Monte Produce during the 2nd quarter worth approximately $91,000. GAMMA Investing LLC increased its position in Fresh Del Monte Produce by 125.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock worth $107,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in Fresh Del Monte Produce during the 3rd quarter worth approximately $201,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Price Performance

FDP stock opened at $33.08 on Friday. The company has a 50 day simple moving average of $32.94 and a 200 day simple moving average of $28.55. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 100.25 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $35.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04.

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

Fresh Del Monte Produce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce’s payout ratio is 303.03%.

About Fresh Del Monte Produce

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.