Fiduciary Financial Group LLC Invests $284,000 in Fresh Del Monte Produce Inc. (NYSE:FDP)

Fiduciary Financial Group LLC acquired a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,297 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its stake in Fresh Del Monte Produce by 29.8% in the 2nd quarter. American Century Companies Inc. now owns 681,344 shares of the company’s stock valued at $14,887,000 after acquiring an additional 156,344 shares during the period. Millennium Management LLC lifted its holdings 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 purchasing an additional 94,854 shares in the last quarter. Dean Investment Associates LLC lifted its holdings in Fresh Del Monte Produce by 109.2% in the 3rd quarter. Dean Investment Associates LLC now owns 177,101 shares of the company’s stock valued at $5,232,000 after purchasing an additional 92,438 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Fresh Del Monte Produce by 25.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 437,998 shares of the company’s stock valued at $12,938,000 after purchasing an additional 88,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Fresh Del Monte Produce by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock valued at $31,329,000 after purchasing an additional 59,521 shares in the last quarter. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Down 0.4 %

Shares of FDP stock opened at $31.41 on Thursday. The stock’s fifty day moving average is $33.36 and its two-hundred day moving average is $29.48. 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 firm has a market capitalization of $1.51 billion, a P/E ratio of 95.18 and a beta of 0.41. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $35.27.

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

Fresh Del Monte Produce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Thursday, November 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.18%. Fresh Del Monte Produce’s payout ratio is currently 303.03%.

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.