Dynamic Technology Lab Private Ltd Decreases Stake in Fresh Del Monte Produce Inc. (NYSE:FDP)

Dynamic Technology Lab Private Ltd cut its stake in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) by 54.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,691 shares of the company’s stock after selling 25,762 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Fresh Del Monte Produce were worth $641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in Fresh Del Monte Produce by 29.8% during the second quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock worth $14,887,000 after purchasing an additional 156,344 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Fresh Del Monte Produce by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 4,600,314 shares of the company’s stock worth $119,194,000 after buying an additional 143,363 shares in the last quarter. Millennium Management LLC grew its stake in Fresh Del Monte Produce by 17.5% in the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after acquiring an additional 94,854 shares during the last quarter. LSV Asset Management increased its holdings in Fresh Del Monte Produce by 31.4% during the 2nd quarter. LSV Asset Management now owns 370,095 shares of the company’s stock valued at $8,087,000 after acquiring an additional 88,498 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Fresh Del Monte Produce during the first quarter worth about $1,749,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

Fresh Del Monte Produce stock opened at $33.97 on Friday. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 102.94 and a beta of 0.41. The stock has a fifty day moving average of $30.95 and a two-hundred day moving average of $27.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.04 and a current ratio of 2.09.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a return on equity of 5.91% and a net margin of 0.36%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $989.45 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is currently 303.03%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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.