Fresh Del Monte Produce (NYSE:FDP) released its quarterly earnings results on Tuesday. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.55), MarketWatch Earnings reports. The company had revenue of $1.05 billion during the quarter. Fresh Del Monte Produce had a net margin of 0.13% and a return on equity of 2.17%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.08) earnings per share.
Fresh Del Monte Produce stock opened at $29.21 on Wednesday. The company has a market capitalization of $1.70 billion, a PE ratio of 44.03 and a beta of 0.72. Fresh Del Monte Produce has a 1 year low of $26.81 and a 1 year high of $52.43. The company has a current ratio of 1.95, a quick ratio of 0.97 and a debt-to-equity ratio of 0.36.
Several institutional investors have recently added to or reduced their stakes in FDP. Chartwell Investment Partners LLC purchased a new stake in shares of Fresh Del Monte Produce in the 4th quarter valued at approximately $10,940,000. Capital International Investors purchased a new stake in Fresh Del Monte Produce during the 3rd quarter worth approximately $10,167,000. Bessemer Group Inc. increased its stake in Fresh Del Monte Produce by 90.3% during the 4th quarter. Bessemer Group Inc. now owns 402,154 shares of the company’s stock worth $11,369,000 after buying an additional 190,868 shares during the period. Renaissance Technologies LLC increased its stake in Fresh Del Monte Produce by 42.6% during the 3rd quarter. Renaissance Technologies LLC now owns 555,600 shares of the company’s stock worth $18,829,000 after buying an additional 165,900 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in Fresh Del Monte Produce during the 4th quarter worth approximately $3,883,000. 59.19% of the stock is currently owned by institutional investors and hedge funds.
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Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.
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