Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 42,046 Fresh Del Monte Produce, Inc. $FDP

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Fresh Del Monte Produce, Inc. (NYSE:FDP) during the 2nd quarter, Holdings Channel reports. The fund purchased 42,046 shares of the company’s stock, valued at approximately $1,363,000.

Several other institutional investors and hedge funds have also modified their holdings of FDP. State of Wyoming grew its position in shares of Fresh Del Monte Produce by 230.1% during the 1st quarter. State of Wyoming now owns 5,321 shares of the company’s stock valued at $164,000 after acquiring an additional 3,709 shares during the period. Parallel Advisors LLC lifted its position in Fresh Del Monte Produce by 81.0% during the second quarter. Parallel Advisors LLC now owns 5,475 shares of the company’s stock valued at $178,000 after purchasing an additional 2,450 shares in the last quarter. Corton Capital Inc. bought a new stake in Fresh Del Monte Produce during the second quarter valued at about $203,000. Blue Zone Wealth Advisors LLC bought a new stake in Fresh Del Monte Produce during the second quarter valued at about $222,000. Finally, Magnetar Financial LLC purchased a new stake in Fresh Del Monte Produce in the first quarter worth about $247,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Analyst Upgrades and Downgrades

FDP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Fresh Del Monte Produce in a research note on Tuesday. Wall Street Zen lowered shares of Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Fresh Del Monte Produce Stock Performance

NYSE:FDP opened at $36.28 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.11 and a debt-to-equity ratio of 0.09. Fresh Del Monte Produce, Inc. has a 12-month low of $26.50 and a 12-month high of $40.75. The stock has a 50-day moving average price of $35.03 and a 200 day moving average price of $34.74. The stock has a market capitalization of $1.73 billion, a P/E ratio of 22.26 and a beta of 0.39.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $0.77 EPS. The firm’s revenue was up .2% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 12th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. Fresh Del Monte Produce’s dividend payout ratio is currently 73.62%.

Insider Buying and Selling at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, Director Michael J. Berthelot sold 6,000 shares of Fresh Del Monte Produce stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $35.85, for a total value of $215,100.00. Following the sale, the director directly owned 7,499 shares in the company, valued at approximately $268,839.15. The trade was a 44.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Effie D. Silva sold 1,325 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $36.79, for a total transaction of $48,746.75. Following the completion of the sale, the senior vice president owned 6,052 shares in the company, valued at approximately $222,653.08. The trade was a 17.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,598 shares of company stock valued at $273,607 over the last ninety days. 31.60% of the stock is currently owned by corporate 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, 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.