Fresh Del Monte Produce Inc. (NYSE:FDP) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,710 shares of the company’s stock after buying an additional 5,587 shares during the period. Franklin Resources Inc.’s holdings in Fresh Del Monte Produce were worth $1,066,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Fresh Del Monte Produce by 5.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock valued at $31,329,000 after acquiring an additional 59,521 shares during the period. Chesapeake Capital Corp IL acquired a new position in shares of Fresh Del Monte Produce during the 3rd quarter valued at $592,000. Barclays PLC increased its position in shares of Fresh Del Monte Produce by 185.7% during the 3rd quarter. Barclays PLC now owns 70,694 shares of the company’s stock valued at $2,087,000 after purchasing an additional 45,952 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Fresh Del Monte Produce in the 3rd quarter worth $583,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Fresh Del Monte Produce by 27.1% in the second quarter. Cubist Systematic Strategies LLC now owns 186,347 shares of the company’s stock valued at $4,072,000 after buying an additional 39,768 shares during the period. 64.83% of the stock is owned by institutional investors and hedge funds.

Fresh Del Monte Produce Price Performance

NYSE:FDP opened at $33.08 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $32.94 and its 200 day moving average price is $28.55. Fresh Del Monte Produce Inc. has a 52-week low of $21.23 and a 52-week high of $35.27. The firm has a market cap of $1.59 billion, a P/E ratio of 100.25 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $989.45 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

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