Louisiana State Employees Retirement System Sells 700 Shares of Fresh Del Monte Produce Inc. (NYSE:FDP)

Louisiana State Employees Retirement System decreased its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP) by 4.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,200 shares of the company’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Fresh Del Monte Produce were worth $479,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Fresh Del Monte Produce during the third quarter worth $269,000. nVerses Capital LLC increased its position in shares of Fresh Del Monte Produce by 200.0% during the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $115,000 after purchasing an additional 2,600 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Fresh Del Monte Produce by 6.4% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,334 shares of the company’s stock worth $2,255,000 after purchasing an additional 4,566 shares in the last quarter. Creative Planning acquired a new position in shares of Fresh Del Monte Produce during the third quarter worth $261,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Fresh Del Monte Produce by 112.9% during the third quarter. Exchange Traded Concepts LLC now owns 57,690 shares of the company’s stock worth $1,704,000 after purchasing an additional 30,595 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

Insider Transactions at Fresh Del Monte Produce

In related news, VP Reyes Jorge Pelaez sold 5,417 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 5,417 shares of the stock in a transaction dated Monday, August 19th. The shares were 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 Securities & Exchange Commission, which is available at this hyperlink. Also, VP Alexandre Apparecido sold 1,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $27.56, for a total transaction of $41,340.00. Following the completion of the sale, the vice president now owns 1,139 shares of the company’s stock, valued at approximately $31,390.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,226 shares of company stock valued at $255,662 in the last ninety days. 30.10% of the stock is currently owned by corporate insiders.

Fresh Del Monte Produce Price Performance

NYSE:FDP opened at $33.32 on Wednesday. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $33.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 100.97 and a beta of 0.41. The firm’s fifty day moving average is $29.33 and its two-hundred day moving average is $25.98.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.77 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 analyst estimates of $989.45 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, November 14th. Fresh Del Monte Produce’s payout ratio is currently 303.04%.

Wall Street Analyst Weigh In

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

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.