Swiss National Bank Has $1.99 Million Holdings in Fresh Del Monte Produce Inc. (NYSE:FDP)

Swiss National Bank trimmed its holdings in Fresh Del Monte Produce Inc. (NYSE:FDP) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,900 shares of the company’s stock after selling 8,600 shares during the period. Swiss National Bank’s holdings in Fresh Del Monte Produce were worth $1,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quantbot Technologies LP lifted its holdings in Fresh Del Monte Produce by 1,526.5% during the 3rd quarter. Quantbot Technologies LP now owns 8,214 shares of the company’s stock valued at $212,000 after purchasing an additional 7,709 shares during the last quarter. Leuthold Group LLC bought a new stake in shares of Fresh Del Monte Produce during the 3rd quarter worth about $223,000. Penserra Capital Management LLC grew its stake in Fresh Del Monte Produce by 60.8% in the 3rd quarter. Penserra Capital Management LLC now owns 8,910 shares of the company’s stock valued at $230,000 after buying an additional 3,370 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Fresh Del Monte Produce by 50.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,680 shares of the company’s stock valued at $250,000 after acquiring an additional 3,225 shares during the period. Finally, WINTON GROUP Ltd lifted its position in Fresh Del Monte Produce by 52.8% during the third quarter. WINTON GROUP Ltd now owns 12,373 shares of the company’s stock worth $320,000 after acquiring an additional 4,275 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.

Fresh Del Monte Produce Stock Down 0.2 %

FDP opened at $23.23 on Friday. The stock has a fifty day moving average of $25.03 and a 200-day moving average of $24.75. The company has a market capitalization of $1.11 billion, a P/E ratio of -45.55 and a beta of 0.54. Fresh Del Monte Produce Inc. has a fifty-two week low of $21.41 and a fifty-two week high of $28.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 2.16.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.26). Fresh Del Monte Produce had a positive return on equity of 4.59% and a negative net margin of 0.56%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.55 EPS. Fresh Del Monte Produce’s revenue for the quarter was down 1.8% compared to the same quarter last year.

Fresh Del Monte Produce Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Wednesday, May 15th. Fresh Del Monte Produce’s dividend payout ratio is currently -196.07%.

Insiders Place Their Bets

In other news, SVP Jesus Rodriguez Calvo sold 2,402 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $24.59, for a total transaction of $59,065.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Mohammed Abbas sold 3,222 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $24.35, for a total transaction of $78,455.70. Following the completion of the sale, the chief operating officer now owns 29,945 shares of the company’s stock, valued at approximately $729,160.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jesus Rodriguez Calvo sold 2,402 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $24.59, for a total transaction of $59,065.18. The disclosure for this sale can be found here. Insiders have sold a total of 16,369 shares of company stock worth $395,621 in the last 90 days. Company insiders own 30.10% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet lowered Fresh Del Monte Produce from a “b-” rating to a “c” rating in a research note on Monday, February 26th.

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.