CWA Asset Management Group LLC Makes New Investment in Fresh Del Monte Produce Inc. (NYSE:FDP)

CWA Asset Management Group LLC acquired a new stake in Fresh Del Monte Produce Inc. (NYSE:FDPFree Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 18,815 shares of the company’s stock, valued at approximately $625,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of Fresh Del Monte Produce by 3.4% in the third quarter. SG Americas Securities LLC now owns 17,357 shares of the company’s stock worth $513,000 after purchasing an additional 576 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Fresh Del Monte Produce by 2.2% in the 2nd quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock worth $596,000 after buying an additional 594 shares during the last quarter. CWM LLC increased its stake in shares of Fresh Del Monte Produce by 4.1% during the third quarter. CWM LLC now owns 37,004 shares of the company’s stock valued at $1,093,000 after buying an additional 1,449 shares during the period. Clifford Capital Partners LLC raised its holdings in shares of Fresh Del Monte Produce by 5.8% during the second quarter. Clifford Capital Partners LLC now owns 26,618 shares of the company’s stock valued at $582,000 after acquiring an additional 1,470 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Fresh Del Monte Produce by 125.9% in the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock worth $107,000 after acquiring an additional 2,020 shares during the period. 64.83% of the stock is owned by institutional investors.

Fresh Del Monte Produce Stock Up 0.0 %

Shares of Fresh Del Monte Produce stock opened at $31.09 on Thursday. 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 Inc. has a 12-month low of $21.23 and a 12-month high of $35.27. The company has a market cap of $1.49 billion, a P/E ratio of 94.21 and a beta of 0.41. The company’s fifty day simple moving average is $33.48 and its two-hundred day simple moving average is $29.17.

Fresh Del Monte Produce (NYSE:FDPGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 earned $0.35 earnings per share. Fresh Del Monte Produce’s quarterly revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio is currently 303.04%.

About Fresh Del Monte Produce

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

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