Diversified Trust Co Purchases New Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Diversified Trust Co purchased a new stake in Fresh Del Monte Produce Inc. (NYSE:FDP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,133 shares of the company’s stock, valued at approximately $469,000.

Several other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in Fresh Del Monte Produce during the 2nd quarter worth $68,000. Point72 DIFC Ltd purchased a new position in shares of Fresh Del Monte Produce during the second quarter worth about $91,000. GAMMA Investing LLC increased its position in shares of Fresh Del Monte Produce by 125.9% during the third quarter. GAMMA Investing LLC now owns 3,624 shares of the company’s stock worth $107,000 after purchasing an additional 2,020 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of Fresh Del Monte Produce by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock valued at $115,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of Fresh Del Monte Produce in the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Down 1.8 %

FDP opened at $30.54 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. Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $35.27. The business’s 50 day moving average is $33.46 and its two-hundred day moving average is $29.19. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 92.55 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP) last released 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 firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $989.45 million. During the same quarter in the prior year, the firm earned $0.35 EPS. Fresh Del Monte Produce’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, November 14th. Fresh Del Monte Produce’s dividend payout ratio is currently 303.03%.

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.