Sei Investments Co. Buys 219 Shares of Fresh Del Monte Produce, Inc. (FDP)

Sei Investments Co. increased its position in Fresh Del Monte Produce, Inc. (NYSE:FDP) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,782 shares of the company’s stock after buying an additional 219 shares during the period. Sei Investments Co.’s holdings in Fresh Del Monte Produce were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FDP. LSV Asset Management increased its position in Fresh Del Monte Produce by 11.9% in the first quarter. LSV Asset Management now owns 2,117,522 shares of the company’s stock worth $125,420,000 after buying an additional 224,691 shares in the last quarter. Numeric Investors LLC increased its position in Fresh Del Monte Produce by 17.9% in the fourth quarter. Numeric Investors LLC now owns 814,962 shares of the company’s stock worth $49,411,000 after buying an additional 123,924 shares in the last quarter. State Street Corp increased its position in Fresh Del Monte Produce by 8.2% in the fourth quarter. State Street Corp now owns 655,712 shares of the company’s stock worth $39,755,000 after buying an additional 49,754 shares in the last quarter. Renaissance Technologies LLC increased its position in Fresh Del Monte Produce by 6.9% in the fourth quarter. Renaissance Technologies LLC now owns 594,500 shares of the company’s stock worth $36,045,000 after buying an additional 38,400 shares in the last quarter. Finally, Norges Bank bought a new position in Fresh Del Monte Produce during the fourth quarter worth $31,755,000. 67.82% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Fresh Del Monte Produce (NYSE:FDP)

Fresh Del Monte Produce, Inc. (NYSE:FDP) opened at 50.06 on Tuesday. Fresh Del Monte Produce, Inc. has a 52 week low of $48.87 and a 52 week high of $66.86. The stock has a market cap of $2.56 billion, a P/E ratio of 13.68 and a beta of 0.40. The stock has a 50 day moving average of $52.41 and a 200-day moving average of $57.45.

Fresh Del Monte Produce (NYSE:FDP) last posted its earnings results on Tuesday, May 2nd. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.33. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. Fresh Del Monte Produce had a return on equity of 11.34% and a net margin of 4.71%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 earnings per share. Analysts forecast that Fresh Del Monte Produce, Inc. will post $3.79 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Wednesday, May 10th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Monday, May 8th. Fresh Del Monte Produce’s dividend payout ratio is 16.35%.

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Separately, Zacks Investment Research downgraded shares of Fresh Del Monte Produce from a “hold” rating to a “sell” rating in a research note on Monday, May 15th.

In other Fresh Del Monte Produce news, Director Hani El-Naffy sold 106,044 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $54.09, for a total value of $5,735,919.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 36.90% of the company’s stock.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a holding company. The Company, through its subsidiaries, is engaged in sourcing, transportation and marketing of fresh and fresh-cut produce together with prepared food products in Europe, Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas, other fresh produce and prepared food.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FDP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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