Outfitter Financial LLC Purchases 8,600 Shares of Fresh Del Monte Produce, Inc. (NYSE:FDP)

Outfitter Financial LLC lifted its position in shares of Fresh Del Monte Produce, Inc. (NYSE:FDP) by 39.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 30,675 shares of the company’s stock after buying an additional 8,600 shares during the quarter. Outfitter Financial LLC’s holdings in Fresh Del Monte Produce were worth $946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDP. Parvin Asset Management LLC bought a new stake in Fresh Del Monte Produce in the fourth quarter valued at approximately $30,000. Sterling Capital Management LLC boosted its holdings in Fresh Del Monte Produce by 795.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,083 shares of the company’s stock valued at $36,000 after acquiring an additional 962 shares during the last quarter. McIlrath & Eck LLC bought a new stake in Fresh Del Monte Produce in the fourth quarter valued at approximately $48,000. State of Wyoming bought a new stake in Fresh Del Monte Produce in the fourth quarter valued at approximately $54,000. Finally, Signaturefd LLC boosted its holdings in 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 acquiring an additional 1,180 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Trading Up 0.4%

Shares of Fresh Del Monte Produce stock traded up $0.14 on Friday, reaching $33.89. 20,184 shares of the company’s stock were exchanged, compared to its average volume of 335,777. The company has a market capitalization of $1.62 billion, a P/E ratio of 11.08 and a beta of 0.38. Fresh Del Monte Produce, Inc. has a 52 week low of $23.10 and a 52 week high of $35.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.05. The firm’s 50-day moving average is $33.30 and its two-hundred day moving average is $31.96.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Fresh Del Monte Produce had a net margin of 3.45% and a return on equity of 6.52%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $0.34 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Wednesday, May 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.54%. The ex-dividend date was Wednesday, May 14th. Fresh Del Monte Produce’s payout ratio is currently 39.22%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Fresh Del Monte Produce from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th.

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.