Public Sector Pension Investment Board Grows Stake in Fresh Del Monte Produce Inc (NYSE:FDP)

Public Sector Pension Investment Board grew its holdings in Fresh Del Monte Produce Inc (NYSE:FDP) by 29.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 100,629 shares of the company’s stock after acquiring an additional 23,129 shares during the quarter. Public Sector Pension Investment Board’s holdings in Fresh Del Monte Produce were worth $3,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDP. California Public Employees Retirement System increased its holdings in shares of Fresh Del Monte Produce by 431.6% in the 3rd quarter. California Public Employees Retirement System now owns 57,544 shares of the company’s stock valued at $1,963,000 after acquiring an additional 46,719 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Fresh Del Monte Produce by 71.5% in the 3rd quarter. First Trust Advisors LP now owns 31,442 shares of the company’s stock valued at $1,072,000 after purchasing an additional 13,112 shares during the period. State Street Corp boosted its position in shares of Fresh Del Monte Produce by 44.1% in the 3rd quarter. State Street Corp now owns 962,589 shares of the company’s stock valued at $32,834,000 after purchasing an additional 294,622 shares during the period. California State Teachers Retirement System boosted its position in shares of Fresh Del Monte Produce by 2.0% in the 3rd quarter. California State Teachers Retirement System now owns 48,757 shares of the company’s stock valued at $1,663,000 after purchasing an additional 953 shares during the period. Finally, Barclays PLC boosted its position in shares of Fresh Del Monte Produce by 16.6% in the 3rd quarter. Barclays PLC now owns 37,000 shares of the company’s stock valued at $1,262,000 after purchasing an additional 5,267 shares during the period. Institutional investors and hedge funds own 69.77% of the company’s stock.

Shares of NYSE FDP traded up $1.14 during trading hours on Thursday, reaching $32.43. The stock had a trading volume of 16,316 shares, compared to its average volume of 344,383. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 23.90 and a beta of 0.99. The company has a current ratio of 1.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.40. Fresh Del Monte Produce Inc has a fifty-two week low of $22.98 and a fifty-two week high of $38.79. The firm has a 50-day moving average of $30.88 and a 200-day moving average of $32.05.

Fresh Del Monte Produce (NYSE:FDP) last announced its earnings results on Wednesday, February 19th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.42). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. Fresh Del Monte Produce had a net margin of 1.48% and a return on equity of 2.98%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned ($0.43) earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Wednesday, March 4th will be paid a $0.10 dividend. This is an increase from Fresh Del Monte Produce’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, March 3rd.

In related news, COO Youssef Zakharia sold 1,477 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $28.32, for a total value of $41,828.64. Following the completion of the transaction, the chief operating officer now directly owns 13,970 shares of the company’s stock, valued at approximately $395,630.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 5,110 shares of company stock valued at $154,521 over the last ninety days. 37.60% of the stock is currently owned by company insiders.

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, Europe, the Middle East, Africa, Asia, and internationally. It offers fresh produce products, such as bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, cucumbers, whole lettuce, broccoli, cauliflower, and other vegetables; and various other fruits, such as plantains and mangoes.

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

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