Cubist Systematic Strategies LLC Boosts Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Cubist Systematic Strategies LLC raised its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 186,347 shares of the company’s stock after buying an additional 39,768 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Fresh Del Monte Produce were worth $4,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FDP. Hsbc Holdings PLC lifted its position in shares of Fresh Del Monte Produce by 2.2% in the second quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock valued at $596,000 after acquiring an additional 594 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in Fresh Del Monte Produce by 2.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 29,493 shares of the company’s stock valued at $644,000 after purchasing an additional 659 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Fresh Del Monte Produce by 197.6% in the 4th quarter. Parallel Advisors LLC now owns 1,119 shares of the company’s stock valued at $29,000 after purchasing an additional 743 shares in the last quarter. Summit Global Investments boosted its stake in shares of Fresh Del Monte Produce by 2.8% during the 2nd quarter. Summit Global Investments now owns 27,726 shares of the company’s stock worth $606,000 after purchasing an additional 756 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 worth $35,000 after purchasing an additional 1,121 shares during the last quarter. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.75, for a total transaction of $150,321.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, VP Reyes Jorge Pelaez sold 5,417 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Monica Vicente sold 1,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $27.44, for a total value of $49,392.00. Following the sale, the chief financial officer now owns 3,466 shares of the company’s stock, valued at approximately $95,107.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,915 shares of company stock worth $301,603. 30.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Fresh Del Monte Produce Trading Down 0.1 %

Shares of Fresh Del Monte Produce stock opened at $29.27 on Friday. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $30.59. The business’s fifty day moving average is $27.70 and its two-hundred day moving average is $25.20. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.40 billion, a PE ratio of -57.39 and a beta of 0.42.

Fresh Del Monte Produce (NYSE:FDP) last released its earnings results on Thursday, August 1st. The company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. Fresh Del Monte Produce had a positive return on equity of 4.87% and a negative net margin of 0.43%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.42%. Fresh Del Monte Produce’s payout ratio is -196.08%.

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.