Ellsworth Advisors LLC Purchases Shares of 129,413 Fresh Del Monte Produce Inc. (NYSE:FDP)

Ellsworth Advisors LLC purchased a new position in shares of Fresh Del Monte Produce Inc. (NYSE:FDP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 129,413 shares of the company’s stock, valued at approximately $4,298,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp boosted its stake in shares of Fresh Del Monte Produce by 8.8% in the second quarter. Texas Permanent School Fund Corp now owns 32,070 shares of the company’s stock worth $701,000 after buying an additional 2,585 shares during the last quarter. Hsbc Holdings PLC boosted its position in Fresh Del Monte Produce by 2.2% in the 2nd quarter. Hsbc Holdings PLC now owns 27,260 shares of the company’s stock worth $596,000 after purchasing an additional 594 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Fresh Del Monte Produce in the 2nd quarter worth approximately $68,000. Public Sector Pension Investment Board grew its stake in shares of Fresh Del Monte Produce by 5.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 73,814 shares of the company’s stock worth $1,613,000 after purchasing an additional 3,913 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of Fresh Del Monte Produce during the 2nd quarter valued at approximately $219,000. 64.83% of the stock is owned by institutional investors and hedge funds.

Fresh Del Monte Produce Stock Up 0.4 %

FDP stock opened at $31.69 on Monday. The firm has a market cap of $1.52 billion, a PE ratio of 96.04 and a beta of 0.41. 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’s fifty day moving average is $33.21 and its 200 day moving average is $29.68. Fresh Del Monte Produce Inc. has a one year low of $21.23 and a one year high of $35.27.

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

Fresh Del Monte Produce Announces Dividend

The firm 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. This represents a $1.00 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, November 14th. Fresh Del Monte Produce’s payout ratio is currently 303.04%.

Fresh Del Monte Produce Company Profile

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.