Fresh Del Monte Produce Inc. (NYSE:FDP) Stock Holdings Lowered by Clifford Capital Partners LLC

Clifford Capital Partners LLC lessened its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 28.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,964 shares of the company’s stock after selling 7,654 shares during the quarter. Clifford Capital Partners LLC’s holdings in Fresh Del Monte Produce were worth $560,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. acquired a new position in Fresh Del Monte Produce in the 1st quarter valued at $1,749,000. Chesapeake Capital Corp IL bought a new position in Fresh Del Monte Produce during the 3rd quarter valued at about $592,000. Cubist Systematic Strategies LLC lifted its holdings in Fresh Del Monte Produce by 27.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 186,347 shares of the company’s stock valued at $4,072,000 after purchasing an additional 39,768 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Fresh Del Monte Produce by 112.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 57,690 shares of the company’s stock valued at $1,704,000 after acquiring an additional 30,595 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Fresh Del Monte Produce in the 2nd quarter valued at about $391,000. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Stock Performance

Shares of FDP stock opened at $33.98 on Wednesday. The company’s fifty day simple moving average is $30.77 and its 200-day simple moving average is $26.88. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.63 billion, a PE ratio of 102.97 and a beta of 0.41. Fresh Del Monte Produce Inc. has a 12 month low of $21.23 and a 12 month high of $35.27.

Fresh Del Monte Produce (NYSE:FDP) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $989.45 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis.

Fresh Del Monte Produce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. Fresh Del Monte Produce’s payout ratio is 303.04%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

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.