Public Sector Pension Investment Board Raises Stock Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Public Sector Pension Investment Board lifted its holdings in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 5.6% during the second quarter, HoldingsChannel.com reports. The fund owned 73,814 shares of the company’s stock after purchasing an additional 3,913 shares during the quarter. Public Sector Pension Investment Board’s holdings in Fresh Del Monte Produce were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of FDP. Canada Pension Plan Investment Board purchased a new position in Fresh Del Monte Produce during the 2nd quarter worth $68,000. Hsbc Holdings PLC boosted its stake in shares of Fresh Del Monte Produce by 2.2% during the second 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 period. BOKF NA purchased a new position in shares of Fresh Del Monte Produce during the second quarter worth about $252,000. Jupiter Asset Management Ltd. increased its position in Fresh Del Monte Produce by 41.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 43,779 shares of the company’s stock valued at $957,000 after acquiring an additional 12,790 shares during the period. Finally, American Century Companies Inc. raised its stake in Fresh Del Monte Produce by 29.8% during the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after acquiring an additional 156,344 shares during the last quarter. 64.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Fresh Del Monte Produce Stock Performance

Shares of FDP opened at $29.53 on Tuesday. The stock has a market capitalization of $1.41 billion, a P/E ratio of -57.90 and a beta of 0.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 2.08. Fresh Del Monte Produce Inc. has a 1 year low of $21.23 and a 1 year high of $30.59. The company’s fifty day moving average is $27.82 and its two-hundred day moving average is $25.24.

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

Fresh Del Monte Produce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Thursday, August 15th. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently -196.08%.

Insiders Place Their Bets

In related news, Director Mary Ann Cloyd sold 1,689 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $27.20, for a total value of $45,940.80. Following the completion of the sale, the director now owns 22,188 shares in the company, valued at $603,513.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fresh Del Monte Produce news, Director Mary Ann Cloyd sold 1,689 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $27.20, for a total value of $45,940.80. Following the completion of the transaction, the director now directly owns 22,188 shares of the company’s stock, valued at $603,513.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Alexandre Apparecido sold 1,500 shares of Fresh Del Monte Produce stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $27.56, for a total transaction of $41,340.00. Following the sale, the vice president now owns 1,139 shares of the company’s stock, valued at $31,390.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,915 shares of company stock worth $301,603. Corporate insiders own 30.10% of the company’s stock.

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.