2 weeks Ago By ABMN Staff
Bank of Montreal Can grew its stake in shares of Fresh Del Monte Produce Inc. ( NYSE:FDP – Free Report ) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 9,669 shares of the company’s stock after acquiring an additional 666 shares during the period. Bank of Montreal Can’s holdings in Fresh Del Monte Produce were worth $321,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently bought and sold shares of the company.
Sherman Asset Management Inc. acquired a new position in shares of Fresh Del Monte Produce during the 4th quarter worth $54,000. Signaturefd LLC grew its position in shares of Fresh Del Monte Produce by 244.
3% in the fourth quarter. Signaturefd LLC now owns 1,663 shares of the company’s stock valued at $55,000 after purchasing an additional 1,180 shares during the last quarter. HHM Wealth Advisors LLC increased its position in Fresh Del Monte Produce by 75.
0% in the 4th quarter. HHM Wealth Advisors LLC now owns 1,750 shares of the company’s stock worth $58,000 after buying an additional 750 shares during the period. KBC Group NV grew its stake in shares of Fresh Del Monte Produce by 65.
0% in the fourth quarter. KBC Group NV now owns 2,550 shares of the company’s stock worth $85,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Meeder Asset Management Inc.
bought a new stake in Fresh Del Monte Produce in the 4th quarter valued at $174,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.
Analysts Set New Price Targets Separately, StockNews.com downgraded Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Fresh Del Monte Produce Stock Up 1.
5 % Shares of NYSE:FDP opened at $34.28 on Thursday. The company has a market capitalization of $1.
64 billion, a PE ratio of 103.89 and a beta of 0.36.
Fresh Del Monte Produce Inc. has a 52 week low of $21.23 and a 52 week high of $35.
27. 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 company’s fifty day moving average is $30.
64 and its 200-day moving average is $31.52. Fresh Del Monte Produce ( NYSE:FDP – Get Free Report ) last released its quarterly earnings results on Monday, February 24th.
The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.
16). Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.
91%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.
14 billion. During the same period in the prior year, the firm earned $0.25 earnings per share.
The business’s quarterly revenue was up .5% compared to the same quarter last year. Fresh Del Monte Produce Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th.
Shareholders of record on Monday, March 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 10th.
This is a boost from Fresh Del Monte Produce’s previous quarterly dividend of $0.25. This represents a $1.
20 dividend on an annualized basis and a yield of 3.50%. Fresh Del Monte Produce’s dividend payout ratio (DPR) is presently 40.
40%. Fresh Del Monte Produce announced that its Board of Directors has initiated a share buyback plan on Monday, February 24th that permits the company to repurchase $150.00 million in outstanding shares.
This repurchase authorization permits the company to purchase up to 10.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Insider Buying and Selling at Fresh Del Monte Produce In other Fresh Del Monte Produce news, SVP Ziad Nabulsi sold 1,725 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $30.42, for a total transaction of $52,474.
50. Following the completion of the transaction, the senior vice president now owns 11,498 shares of the company’s stock, valued at $349,769.16.
This represents a 13.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link .
Also, COO Mohammed Abbas sold 5,064 shares of Fresh Del Monte Produce stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $30.42, for a total value of $154,046.
88. Following the completion of the sale, the chief operating officer now directly owns 45,560 shares in the company, valued at approximately $1,385,935.20.
This represents a 10.00 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 10,469 shares of company stock worth $319,190. Insiders own 30.10% of the company’s stock.
Fresh Del Monte Produce Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding FDP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Fresh Del Monte Produce Inc. ( NYSE:FDP – Free Report ). Receive News & Ratings for Fresh Del Monte Produce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fresh Del Monte Produce and related companies with MarketBeat.
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